CHECKSTAY LTD

Executive Summary

CHECKSTAY LTD is a newly formed dormant private company with a clean financial position reflecting only initial share capital. While no operational risks are evident, the overdue confirmation statement filing is a compliance concern that should be addressed. Ongoing monitoring is recommended as the company begins trading activities to evaluate financial and operational stability.

CHECKSTAY LTD - Analysis Report

Company Number: 15422977

Analysis Date: 2025-07-29 18:58 UTC

1. Risk Rating: LOW

   The company is newly incorporated and currently dormant with minimal financial activity. The financial position shows nominal cash and net assets (£100), indicating no operational transactions or liabilities to date. There are no signs of insolvency or financial distress at this early stage.

2. Key Concerns:

   • Dormant Status: The company has not commenced trading or generated revenue, limiting current assessment of business viability.
   • Overdue Confirmation Statement: The confirmation statement filing is overdue, which may indicate minor compliance oversight that requires prompt attention to avoid penalties.
   • Concentration of Control: Two individuals each hold 25-50% shares and voting rights, implying concentrated ownership which could affect governance dynamics.

3. Positive Indicators:

   • Clean Financials: No liabilities or debts are reported; net assets equal the initial share capital.
   • No Insolvency Indicators: The company is active and not in liquidation or administration.
   • Clear Management and PSC Details: Directors and persons with significant control are clearly identified and appear compliant.

4. Due Diligence Notes:

   • Verify the reason for the overdue confirmation statement and ensure it is rectified promptly.
   • Monitor future filings for commencement of trading and financial performance once active.
   • Investigate the background and business plan of the company given dormant status to assess operational strategy.
   • Confirm that all regulatory filings remain up to date as company transitions from dormant to active status.