Company Number: 13116222

Analysis Date: 2025-07-20 12:31 UTC

1. Risk Rating: HIGH

   Justification: The company has been dormant since incorporation with minimal financial activity, reflected by constant net assets of £4 and zero cash balances over four years. This indicates no trading operations or revenue generation, suggesting an absence of cash flow and solvency capacity. Lack of operational financial data elevates risk for creditors and investors.

2. Key Concerns:

   • Dormant Status with No Trading History: The company has filed dormant accounts consistently, showing no financial activity or income, raising questions about the viability and purpose of the business.

   • Minimal Share Capital and Net Assets: With only £4 in share capital and net assets, there is negligible financial buffer to meet liabilities or absorb losses.

   • No Cash Holdings: Zero cash reported over multiple years suggests no liquidity, which would inhibit any operational or financial obligations.

3. Positive Indicators:

   • Compliance with Filing Requirements: The company is current with both accounts and confirmation statement filings, indicating adherence to statutory obligations.

   • Active Status and No Insolvency Proceedings: The company remains active on the register and is not in liquidation, administration, or receivership.

   • Clear Governance: A single director is appointed and records are up to date, with no reported disqualifications or governance issues.

4. Due Diligence Notes:

   • Purpose and Business Model: Investigate the intended business activities and strategy given the dormant status since incorporation.

   • Planned Operational Commencement: Confirm if there are plans to commence trading or if the company is a holding or shelf company.

   • Financial Backing and Support: Assess any external funding arrangements or guarantees that may not be reflected in dormant accounts.

   • Relationship with Significant Controller: Review the role and influence of Coltrane Ltd as a person with significant control owning 25-50% of shares.