Company Number: NI672001

Analysis Date: 2025-07-20 15:46 UTC

1. Risk Rating: LOW
   The company is currently dormant with minimal financial activity, no liabilities or financial complexity, and a very low net asset base. There are no overdue filings or indications of financial distress.

2. Key Concerns:

• Dormant Status: As the company is dormant, it has no trading history or operational revenue, which limits its immediate financial viability as a going concern.
• Minimal Net Assets: Net assets and shareholders funds remain at £100 consistently over several years, indicating no capital growth or investment.
• Single Director and PSC Concentration: The company has one director and a single person with significant control (PSC) owning 50-75% of shares, which may present governance and succession risks.

3. Positive Indicators:

• Up-to-date Filings: Both annual accounts and confirmation statements are filed on time, demonstrating regulatory compliance and good governance discipline.
• No Overdue or Late Filings: Absence of late filing penalties or missed deadlines reduces regulatory risk.
• Clean Financial Position: No reported liabilities or negative working capital, reflecting a neutral financial exposure.

4. Due Diligence Notes:

• Investigate the business plan or future intentions for the company given its dormant status since incorporation in 2020.
• Clarify the source and nature of the initial capital (£100) and whether further capital injections or asset acquisitions are planned.
• Confirm no hidden liabilities or contingent risks exist off-balance sheet.
• Assess the director’s broader portfolio of directorships and any associated reputational or operational risks.