Company Number: 12829959

Analysis Date: 2025-07-20 16:07 UTC

1. Risk Rating: HIGH
   Justification: The company has been dormant since incorporation, with minimal assets and no trading activity. Financial data shows negligible current assets (£400) and no liabilities, but the absence of operational performance or revenue generation indicates a high risk if considered for investment or credit exposure.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts consistently and shows no trading activity or revenue, raising concerns about the viability and sustainability of the business operations.
• Minimal Financial Base: With only £400 in current assets and only £1 share capital, the financial foundation is extremely weak, limiting the company’s ability to meet any financial obligations or absorb shocks.
• Lack of Operational Data: No turnover, profit/loss information, or employee data beyond one director is provided, preventing assessment of business model strength or future prospects.

3. Positive Indicators:

• Compliance: The company is up to date with both accounts and confirmation statement filings, demonstrating regulatory compliance and governance discipline.
• No Overdue Filings or Penalties: No overdue accounts or returns were noted, indicating responsible management of statutory requirements.
• Limited Liability Structure: As a private limited company, shareholder liability is limited, which is positive from a governance perspective.

4. Due Diligence Notes:

• Investigate the reason for continued dormancy and lack of trading since 2020, including any plans for future trading or business development.
• Verify the source and nature of the current assets (£400) to determine if these are cash or receivables and assess liquidity.
• Confirm the director’s involvement and intentions for the company, especially given the absence of other personnel or PSC disclosures.
• Explore any off-balance sheet liabilities or contingent obligations that are not disclosed in the dormant accounts.
• Assess whether the company holds any intellectual property or other non-financial assets that could have value if the business were to activate.