Company Number: 15611434

Analysis Date: 2025-07-29 12:35 UTC

1. Risk Rating: LOW
   Justification: CLEAVEWATER 2 LIMITED is a newly incorporated private limited company (April 2024) currently classified as dormant, with minimal financial activity and no overdue filings. The company holds nominal net current assets (£1), indicating no material liabilities or operational activity to date. The majority control resides with a corporate parent, which may provide a stable governance structure.

2. Key Concerns:

• Dormant Status: The company has not commenced trading or operations, limiting insight into future cash flow generation or operational stability.
• Minimal Financial Information: With only £1 in cash and net current assets, there is no evidence of capital infusion beyond the nominal share capital, potentially restricting initial business activities.
• Lack of Operational History: No revenue or expenses reported; thus, the company's ability to execute building development projects (SIC 41100) remains unproven.

3. Positive Indicators:

• Timely Filings: Annual accounts and confirmation statements are filed on time, indicating good regulatory compliance.
• Clear Ownership and Control: A single corporate entity controls over 75% of shares and voting rights, with rights to appoint/remove directors, suggesting clear governance lines.
• Experienced Directors: Directors are named with relevant occupations, potentially implying management capability.

4. Due Diligence Notes:

• Investigate the parent company, Cleavewater Limited, for financial strength and strategic intent regarding this subsidiary.
• Monitor future filings for commencement of trading, financial performance, and capital injections.
• Assess directors’ backgrounds and track record in property development to gauge operational capability.
• Confirm absence of any contingent liabilities or off-balance-sheet risks not reflected in dormant accounts.