Company Number: 14849303

Analysis Date: 2025-07-29 15:52 UTC

1. Risk Rating: HIGH
   Justification: CITY DUCTWORK LTD is a newly incorporated company (May 2023) which has filed dormant accounts with minimal net assets (£100) and no trading activity or employees reported. The absence of operating revenue or financial history indicates a high risk from a solvency and liquidity perspective, as it currently shows no business activity or income to meet obligations.

2. Key Concerns:

• Dormant status with no trading activity or revenue reported in the first financial year.
• Minimal net assets and shareholders’ funds (£100), indicating a very limited capital base to support operations or liabilities.
• Lack of operational history and absence of employees raises concerns about the company’s ability to generate cash flow and sustain business activities.

3. Positive Indicators:

• Company is compliant with filing requirements to date; accounts and confirmation statement are filed on time and not overdue.
• Directors appear to have full control and are resident in the UK, which may imply close management oversight.
• Industry classification (Other construction installation) indicates a defined business sector, and an active website presence suggests intention to operate commercially.

4. Due Diligence Notes:

• Investigate whether any business activities have commenced post the dormant accounting period and request interim financial information if available.
• Confirm the source and sufficiency of funding and working capital to support initial operations and ongoing obligations.
• Review directors’ background and experience in the industry to assess capability for operational stability.
• Verify the website and marketing materials for evidence of active contracts, clients, or pipeline work.
• Monitor future filings and financial reports for signs of trading commencement and financial performance.