CANOFIELD SALES & DISTRIBUTION LIMITED

Executive Summary

Canofield Sales & Distribution Limited is a recently incorporated dormant entity with negligible financial activity and minimal net assets, indicating high risk from a solvency and liquidity perspective. While the company remains compliant with statutory filings, the absence of operational data and financial substance warrants cautious scrutiny. Further due diligence is recommended to evaluate the company’s business plans and potential for sustainable operations.

CANOFIELD SALES & DISTRIBUTION LIMITED - Analysis Report

Company Number: NI690581

Analysis Date: 2025-07-20 11:54 UTC

1. Risk Rating: HIGH
   Justification: The company is classified as dormant with negligible financial activity and minimal assets (net assets of £1). The financials show no operations or meaningful capital, indicating no current trading or revenue generation. This poses a high solvency and liquidity risk as the company lacks resources to meet obligations or sustain operations.

2. Key Concerns:

• Dormant status with no trading activity or revenue generation since incorporation in 2022.
• Minimal financial substance with only £1 in current assets and net assets, implying no working capital or operational cash flow.
• Lack of detailed financial disclosures such as profit and loss accounts and absence of audit due to dormant exemption, limiting transparency.

3. Positive Indicators:

• Company is active and compliant with filing deadlines for accounts and confirmation statements, reducing regulatory compliance risks.
• Director responsibilities are acknowledged, and accounts are prepared under appropriate accounting standards.
• Presence of a corporate website with active status suggests potential intent to operate commercially in the future.

4. Due Diligence Notes:

• Investigate the business plan and intended operations to understand future trading prospects and capital injection plans.
• Confirm whether the company has any contingent liabilities or off-balance sheet obligations not reflected in dormant accounts.
• Assess the background and credibility of directors and shareholders for capability and commitment to develop the business.
• Review any related party transactions or support arrangements that may impact financial stability once trading commences.