Company Number: 14838486

Analysis Date: 2025-07-29 14:47 UTC

1. Risk Rating: LOW
   Justification: Cabourns Ltd is a newly incorporated private limited company (May 2023) classified as dormant with minimal financial activity reported. Its latest filed accounts show nominal net assets (£100) and no liabilities, reflecting no operational or financial distress. No overdue filings or regulatory compliance issues noted.

2. Key Concerns:

• Lack of operational activity: The company is dormant with zero employees and negligible assets, indicating no current trading or revenue generation.
• Minimal financial history: Being a new entity with only one dormant-year filing, there is insufficient data to assess ongoing viability or financial performance.
• Concentrated ownership and control: Two directors/PSC holders (Jack and Sarah Cabourn) control 100% of shares and voting rights, which could pose governance risks if not balanced by external oversight.

3. Positive Indicators:

• Compliance up to date: All statutory filings including accounts and confirmation statements are current and not overdue.
• Clean financial position: No liabilities reported, positive net current assets, and shareholders' funds consistent with nominal share capital.
• Clear governance structure: Director appointments and PSC information are transparent and aligned with company records.

4. Due Diligence Notes:

• Investigate intended business plan and timeline for commencement of trading, given dormant status to date.
• Confirm source and sufficiency of capital resources to support initial operations in real estate letting activities.
• Monitor future filings for evidence of operational activity, revenue generation, and changes in financial position.
• Assess directors’ experience and track record in real estate sector to understand management capability.