CADWARE LTD

Executive Summary

CADWARE LTD is a dormant private limited company with nominal financial resources and no trading activity, resulting in a high risk profile from a solvency and operational perspective. While compliant with filing requirements and stable in governance, the lack of financial substance and activity raises concerns about its viability as an ongoing business entity. Further investigation into the company’s intentions and potential liabilities is recommended for a comprehensive risk assessment.

CADWARE LTD - Analysis Report

Company Number: 12446094

Analysis Date: 2025-07-20 19:15 UTC

1. Risk Rating: HIGH
   Justification: CADWARE LTD is a dormant company with minimal financial activity, maintaining only £100 in cash and net assets consistently over multiple years. The absence of operational financial data and business transactions suggests no active revenue generation or trading, indicating inability to meet obligations beyond the nominal share capital.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts for multiple years, indicating no trading activity or income generation, which presents a solvency risk if liabilities arise.
• Minimal Financial Resources: With only £100 in cash and net assets, the company possesses negligible financial buffer to meet any unforeseen obligations or operational expenses.
• Lack of Financial Data: No income statement, liabilities, or asset details beyond cash and share capital are available, limiting assessment of operational sustainability and financial health.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its accounts and confirmation statement filings, showing adherence to regulatory obligations.
• Stable Corporate Governance: Directors and secretary appear consistently appointed with no flags of disqualification or change, suggesting governance stability.
• Clear Industry Classification: The company has multiple SIC codes related to software development and business support, indicating a defined area of intended activity when operational.

4. Due Diligence Notes:

• Investigate the business plan or rationale for maintaining the dormant status and whether there are intentions to commence trading.
• Review any off-balance-sheet liabilities or contingent obligations that may not appear in dormant accounts.
• Verify the background and financial standing of the directors and controlling entities, including THE REDEEMED CHRISTIAN CHURCH OF GOD as secretary, for potential influence on company strategy.
• Confirm any related party transactions or connected activities given the company’s negligible assets and dormant status.