CHUGG MUSIC INTERNATIONAL LIMITED

Executive Summary

CHUGG MUSIC INTERNATIONAL LIMITED is currently a dormant private limited company with negligible financial resources and no trading activity since incorporation. While it complies with filing requirements and has a clear governance structure, the lack of operational and financial substance presents a high risk from an investment standpoint. Further due diligence is recommended to ascertain future business prospects and potential liabilities.

CHUGG MUSIC INTERNATIONAL LIMITED - Analysis Report

Company Number: 14527598

Analysis Date: 2025-07-29 13:03 UTC

1. Risk Rating: HIGH

Justification: The company is classified as dormant with minimal financial activity and very limited assets (£100 cash and net assets). There is no operational trading history or revenue reported since incorporation in late 2022. This indicates that the company currently lacks operational substance and financial robustness to meet obligations or sustain ongoing business activities.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts showing no trading activity or revenue, which raises concerns about its current operational viability and cash flow generation capability.
• Minimal Financial Resources: With net assets and cash balances at only £100, the company has negligible financial buffer to absorb losses or fund operations.
• Lack of Historical Financial Data: Being recently incorporated (Dec 2022) and dormant, there is insufficient financial history to assess trends or operational stability.

3. Positive Indicators:

• Compliance with Filings: The company is up to date with its accounts and confirmation statement filings, indicating adherence to regulatory requirements.
• Established Directors and PSCs: The directors and persons with significant control are identified and consistent, suggesting clarity in governance structure.
• Registered Address in London: The company holds a prestigious London address which could be advantageous for future business credibility or operations.

4. Due Diligence Notes:

• Investigate the company’s business plans or intentions to activate operations from dormant status.
• Confirm whether the company has any contingent liabilities or off-balance sheet commitments.
• Review related party transactions or intercompany arrangements, if any, especially given the same directors control the company.
• Assess the background and reputation of the directors to understand their capacity to develop and sustain the business.
• Monitor future filings for evidence of trading activity and financial performance changes.