Company Number: 13218584

Analysis Date: 2025-07-20 18:55 UTC

1. Risk Rating: HIGH
   The company presents a high risk profile due to a complete lack of financial substance and operational activity as reflected in its accounts. Zero assets, liabilities, revenues, and employees over multiple years indicate no trading or business operations. This severely limits the company’s ability to meet obligations or generate cash flow.

2. Key Concerns:

• No Financial Activity: The company reports zero current assets, liabilities, and net assets for the last three financial years, with negligible turnover only recorded once (£9,097 in 2023) and no employees. This suggests no meaningful trading or cash flow generation.
• Solvency and Liquidity Uncertainty: With no assets or equity reported, there is no financial buffer to support liabilities or operational expenses, raising concerns about solvency if obligations arise.
• Operational Viability: The absence of employees, fixed assets, and working capital indicates the company is likely dormant or inactive in practice despite being registered as active. This questions the sustainability of the business model.

3. Positive Indicators:

• Compliance with Filing: The company is up to date with both accounts and confirmation statement filings, which reduces regulatory risk.
• Established Governance: Two directors and two secretaries are appointed with no publicly noted disqualifications, suggesting basic governance structures are in place.
• Clear PSC Identification: A single Person with Significant Control is identified, supporting transparency in ownership.

4. Due Diligence Notes:

• Confirm Business Activity: Investigate the nature of trading activity (if any) beyond the small turnover reported in 2023, including any contracts or clients.
• Cash Flow Sources: Determine if there are any funding arrangements, loans, or external capital injections supporting the company’s operations.
• Intent and Business Plan: Clarify the company’s strategic purpose and future plans given the lack of operational or financial substance.
• Related Party Transactions: Check for any transactions involving directors or PSC to understand if the company is a vehicle for holding assets or other purposes.
• Legal and Tax Status: Verify there are no outstanding legal or tax liabilities or enforcement actions that may affect the company.