Company Number: 13660136

Analysis Date: 2025-07-20 17:56 UTC

1. Risk Rating: HIGH
   Justification: The company is currently dormant with negligible financial activity, minimal cash reserves (£1 as of the latest accounts), and net assets of only £1. This indicates a lack of operational substance and potential inability to meet financial obligations if they arise.

2. Key Concerns:

• Dormant Status with Minimal Financial Activity: The company has filed dormant accounts for the latest year, showing no trading activity and virtually no assets or cash. This raises questions about business viability and ongoing operational status.
• Sharp Decline in Cash and Net Assets: The cash balance dropped from £38,849 in 2022 to £1 in 2023, indicating either asset disposal or costs incurred without revenue, potentially undermining solvency.
• No Audited Accounts or Detailed Financial Information: Filing dormant accounts limits insight into any off-balance sheet liabilities or contingent risks that might impact financial health.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its accounts and confirmation statement filings, indicating regulatory compliance and good governance in terms of statutory obligations.
• Single Shareholder with Full Control: Ownership is concentrated (75-100% held by Vladislav Kolesnik), which can facilitate swift decision-making and potentially simplify governance.
• No Indications of Insolvency or Liquidation: The company maintains an active status with no signs of formal insolvency proceedings.

4. Due Diligence Notes:

• Investigate reasons for the drastic reduction in cash and net assets between 2022 and 2023 and whether liabilities or debts have been incurred or settled.
• Clarify the company’s current and planned business activities given its dormant status and limited financials.
• Confirm if there are any off-balance sheet commitments, leases, or financial guarantees not reflected in dormant accounts.
• Review director’s intentions and any group affiliations that might impact the company’s financial or operational outlook.