DALMANTINKA LTD
Company number 08644099 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Investment Risk Analysis: DALMANTINKA LTD
1. Risk Rating: HIGH
Justification: The company has experienced a near-total destruction of shareholder value, with equity declining from £350,102 (2019) to just £100 (2021-2025). The entity now appears to be a dormant or non-trading shell with negligible assets and no visible revenue generation. The complete absence of income statement data and the dramatic financial deterioration present significant concerns for any investor exposure.
2. Key Concerns
Concern 1: Catastrophic Equity Destruction
Shareholders' funds collapsed from £350,102 (2019) to £100 (2021 onwards), representing a 99.97% erosion of value. The company now holds only its £100 share capital, with no retained profits or reserves. The 2020 financial year appears particularly significant—total liabilities of £588,723 substantially exceeded the prior year's position, suggesting either major trading losses, write-downs, or a significant exceptional event that wiped out the balance sheet.
Concern 2: Opacity of Financial Performance
The company has utilised Section 444 of the Companies Act 2006 to avoid filing its Income Statement. Combined with the small companies regime and audit exemption, there is virtually no visibility into: - Revenue or turnover - Profit/loss trajectory - Operating costs - Any extraordinary losses that caused the equity destruction
This level of disclosure minimisation makes informed assessment impossible.
Concern 3: Apparent Dormant/Shell Status
The 2025 balance sheet shows only £100 in "other debtors" as the sole asset, with no cash, no fixed assets, and no trade debtors. The company appears to be non-trading or dormant in all but formal status. The SIC code (88100 - Social work activities without accommodation for the elderly and disabled) suggests a care-sector business, yet there is no evidence of operational activity. The company functions within a group structure controlled by The Cube Disability Ltd, raising questions about whether this entity is being used as a vehicle for asset transfers, intra-group financing, or has simply been wind down operationally while remaining registered.
3. Positive Indicators
- Filing Compliance: Accounts and confirmation statements are filed on time with no overdue items. The 2025 accounts were approved and signed on 30 June 2026, within the filing window.
- Professional Administration: Accounts are prepared by Beavis Morgan LLP, a legitimate London-based accountancy firm, suggesting some level of professional oversight.
- No Insolvency Indicators: The company is not in liquidation, administration, or receivership. It maintains Active status with no obvious regulatory actions pending.
- Group Structure: The PSC (The Cube Disability Ltd) may provide implicit financial support or strategic rationale for maintaining the entity, though this cannot be confirmed from available data.
4. Due Diligence Notes
| Item | Investigation Required |
|---|---|
| 2020 Financial Year | The critical period where equity was destroyed. Obtain full accounts for 2020 to understand whether losses arose from trading, asset write-downs, intercompany transactions, or other causes. |
| The Cube Disability Ltd | The controlling shareholder (>75% shares, voting rights, and director appointment power). Full financial analysis of this parent entity is essential to understand group structure, related party transactions, and whether Dalmantinka's balance sheet has been stripped. |
| PSC Register Inconsistency | The Cube Disability Ltd appears twice in the PSC register with overlapping control descriptions. This may indicate an administrative error or a recent change in control that hasn't been properly reconciled. |
| Intercompany Balances | The 2020 figures show total assets of £587,474 against total liabilities of £588,723, yet net assets are reported as £224,231. This mathematical inconsistency (which would suggest negative net assets of approximately £1,249) requires clarification—it may indicate off-balance-sheet items, presentation conventions, or data extraction issues. |
| Historical Cash Position | Cash declined from £40,813 (2017) to £1,320 (2020) to effectively nil (2021-2025). Investigate where cash went and whether any was distributed to shareholders prior to the equity collapse. |
| Director Ian Trevor Yuill | Conduct full background check including other directorships, disqualification records, and any insolvency associations. Verify whether The Cube Disability Ltd's directors overlap with this entity. |
| Actual Business Activity | Confirm whether the company is genuinely operating in the social care sector or is effectively dormant. Request management accounts, bank statements, and any contracts or commissioning agreements. |
| Related Party Transactions | The accounts claim exemption from disclosing related party transactions with "wholly owned subsidiaries within the group." Investigate the nature and extent of all intercompany dealings. |