Company Number: 13228410

Analysis Date: 2025-07-20 13:02 UTC

1. Risk Rating: HIGH

Justification: The company shows extremely minimal financial substance with net assets and cash of only £1 across multiple years, no employees, no apparent trading activity, and no detailed profit and loss information filed. The company underwent two name changes in recent years, which may indicate a change in business direction but no operational evidence supports sustainability. The financial statements are unaudited and exempt from audit due to size, but the absence of meaningful financial data represents a high risk of insolvency or dormant status despite current "Active" status.

2. Key Concerns:

• Minimal Financial Resources: Cash and net assets of £1 signal inability to meet liabilities or fund operations.
• Lack of Operational Activity: Zero employees and no revenue or profit data filed; suggests no trading or business activity.
• Frequent Name Changes: Two changes in three years could indicate restructuring or uncertainty about business purpose.

3. Positive Indicators:

• Compliance with Filings: Accounts and confirmation statements are up to date with no overdue filings or penalties.
• Clear Ownership and Control: Single director and 100% shareholder control by Mr Lee Smurthwaite provides clear governance line.
• No Insolvency Proceedings: Company is not in liquidation, administration, or receivership.

4. Due Diligence Notes:

• Investigate underlying business activity and revenue generation, if any, beyond the minimal financial filings.
• Confirm whether the company holds any off-balance sheet assets or liabilities not reflected in financial statements.
• Assess reasons behind recent name changes and whether they reflect genuine business pivots or attempts to mask inactivity.
• Review director's conduct and any related party transactions for potential governance concerns.
• Clarify the company’s strategic plans or future viability given negligible financial position.