Company Number: 14187643

Analysis Date: 2025-07-20 17:18 UTC

1. Risk Rating: HIGH
   Justification: Charkos Global Limited is a very recently incorporated private limited company classified as dormant with minimal financial activity, negligible assets (£9 cash), and no turnover. The company’s financials reveal no operational revenue or employees, indicating no established business operations. Control is concentrated between two individuals and one entity with overlapping or unclear shareholding proportions, which may indicate governance complexity.

2. Key Concerns:

• Dormant Status and Lack of Revenue: The company has not generated any turnover since incorporation and remains dormant, suggesting no operational business or cash flow capability to meet liabilities.
• Minimal Financial Resources: Cash balances are nominal (£9), and total net assets are equally minimal, raising serious concerns about the company’s ability to meet any financial obligations.
• Concentrated and Inconsistent Control Structure: There are conflicting PSC notifications regarding share ownership (e.g., Dr. Baliyan listed with both 75-100% and 25-50% shares), and multiple directors with overlapping roles, which may complicate governance and decision-making.

3. Positive Indicators:

• Timely Filing Compliance: The company has filed its dormant accounts and confirmation statement on time, indicating regulatory compliance and no overdue filings or penalties.
• No Indication of Insolvency or Liquidation: The company is active, not in liquidation, administration, or receivership, and there are no publicly disclosed director disqualifications or insolvency events.
• Registered Website and Contact Info: An active website and published contact details suggest some level of business intention or presence.

4. Due Diligence Notes:

• Confirm the accuracy and consistency of the People with Significant Control (PSC) records, especially regarding share ownership percentages and voting rights.
• Investigate the company’s business plans or pipeline to understand when it intends to move from dormant to active trading and generate revenue.
• Review any related party transactions or financial support arrangements given the minimal capital and cash resources.
• Assess the qualifications, background, and track record of the appointed directors to evaluate governance and operational capability.
• Verify the nature and extent of influence held by Hewgar House Limited as a PSC and its relationship with individual directors.