Company Number: 14718240

Analysis Date: 2025-07-29 19:11 UTC

1. Risk Rating: HIGH

   Justification: The company is newly incorporated (March 2023) and has filed micro-entity accounts showing negligible financial figures (£2 in net assets). There is no operational history or employees, and the financial data lacks substance indicating limited or no trading activity. Such minimal financial scale combined with a very recent incorporation date elevates the risk profile, as the company’s ability to meet obligations and sustain operations is not demonstrated.

2. Key Concerns:

   • Insignificant Financial Base: Net assets and current assets stand at only £2, reflecting an absence of meaningful capital or operating resources.
   • No Operational Activity: Zero employees and no revenue or profit data available suggest the company is not yet trading or generating income.
   • New Entity with Limited Track Record: Incorporated less than two years ago with no financial history or commercial evidence to assess viability.

3. Positive Indicators:

   • Compliance with Filing Requirements: Accounts and confirmation statements are up to date with no overdue filings, indicating good governance and regulatory compliance.
   • Clear Ownership Structure: A single controlling entity (Paddock St Holdings Ltd) holds 75-100% of shares and voting rights, providing clear control and potential access to resources.
   • No Director Misconduct Noted: Current director and secretary appointments do not indicate any past disqualifications or governance concerns.

4. Due Diligence Notes:

   • Investigate Business Model and Activity: Clarify the purpose of the company and whether it is currently trading or intended as a holding vehicle.
   • Examine Funding Sources: Confirm whether the controlling shareholder or related parties provide financial support or guarantees.
   • Review Future Plans and Contracts: Assess any signed leases, property management agreements, or pipeline business to understand operational prospects.
   • Monitor Financial Progress: Track future filings for revenue, assets, and liabilities to gauge development beyond the micro-entity stage.