CUSTOM CAR AUDIO LTD

Executive Summary

CUSTOM CAR AUDIO LTD is currently a dormant private limited company with negligible net assets and no recorded trading activity, posing a high risk from a solvency and operational perspective. While the company remains compliant with filing obligations and governance requirements, the lack of active business operations and financial substance warrants caution. Further due diligence is recommended to understand future business intentions and any off-balance sheet exposures.

CUSTOM CAR AUDIO LTD - Analysis Report

Company Number: 13528409

Analysis Date: 2025-07-20 18:37 UTC

1. Risk Rating: HIGH

   Justification: The company is classified as dormant with minimal financial activity and extremely limited net assets (£3). There is no evidence of operational revenues or active business transactions. This suggests a high risk regarding the company’s ability to meet obligations or demonstrate financial viability.

2. Key Concerns:

   • Dormant Status: The company has been dormant as per the latest accounts, indicating no trading activity during the financial year. This raises concerns about the sustainability of the business operations.
   • Minimal Net Assets: Net assets stand at only £3 with no substantive cash or working capital, implying no buffer for liabilities or business expenses.
   • Lack of Financial Data: Absence of trading or income data limits assessment of cash flow and solvency. The company’s financial position cannot be verified beyond nominal share capital.

3. Positive Indicators:

   • Up-to-date Filings: The company has filed its dormant accounts and confirmation statement on time, indicating compliance with statutory requirements.
   • Single Director with Significant Control: Mr. James Andrew Dunlop appears to maintain clear control and oversight, which may facilitate swift decision-making.
   • No Overdue Filings or Penalties: No overdue accounts or returns reduces regulatory risk and demonstrates good governance so far.

4. Due Diligence Notes:

   • Verify the reason for dormancy and whether the company intends to commence trading or remain dormant.
   • Confirm if there are any contingent liabilities or commitments not reflected in the dormant accounts.
   • Investigate the operational plan or business model, including any upcoming capital injection or restructuring.
   • Assess the background and financial capacity of the principal director/owner to support the company if needed.