Company Number: 12618386

Analysis Date: 2025-07-20 18:26 UTC

1. Risk Rating: HIGH
   Justification: The company shows extremely minimal financial substance, with net assets and net current assets of only £10. The company is micro-entity sized with no recorded employees and negligible share capital. There is an overdue confirmation statement, which indicates a lapse in regulatory compliance. The absence of meaningful assets or liabilities raises concerns about the company’s ability to meet obligations or sustain operations.

2. Key Concerns:

• Minimal Financial Resources: Net assets and working capital are only £10, suggesting no operational capital or buffer to absorb losses or fund growth.
• Overdue Statutory Filing: The confirmation statement is overdue, which may imply governance or compliance weaknesses.
• Inactive or Dormant Operations: No employees reported and negligible financial activity raises doubts about operational viability and business continuity.

3. Positive Indicators:

• Active Status: The company is currently registered as active and not in liquidation or administration.
• Single Owner Control: Clear control by a single director owning 75-100% of shares, facilitating straightforward governance and decision-making.
• Filing of Accounts: Annual accounts were filed on time and show compliance with micro-entity reporting standards.

4. Due Diligence Notes:

• Verify the nature of business activities given the SIC code “specialised design activities” and confirm if any revenue or contracts exist.
• Investigate reasons for the overdue confirmation statement and assess management’s responsiveness to compliance requirements.
• Examine bank statements or cash flow records to determine liquidity beyond the minimal balance sheet figures.
• Assess director’s plans or intentions for the company given the negligible asset base and lack of employees.
• Confirm if the company is trading or effectively dormant despite active status.