Company Number: 12441667

Analysis Date: 2025-07-29 16:57 UTC

1. Risk Rating: MEDIUM
   Justification: The company is active and filing on time, but financial indicators show extremely thin working capital and minimal net assets (£15 in 2025). The company has no employees currently and is classified as a dormant SIC code, suggesting limited or no trading activity. These factors together point to potential solvency and liquidity risks, though no formal distress or overdue filings are evident.

2. Key Concerns:

   • Insufficient Working Capital: Net current assets hover around a nominal £6-£15 over recent years, indicating very limited buffer to meet short-term liabilities.
   • Dormant SIC Classification: The use of SIC code 99999 (Dormant Company) is inconsistent with the company name suggesting an electrical business. This raises questions about actual trading activity and operational sustainability.
   • No Employees and Minimal Equity: Average employee count dropping to zero and shareholder funds close to zero (£15) pose concerns on operational capacity and financial resilience.

3. Positive Indicators:

   • Timely Filing Compliance: Both accounts and confirmation statements are filed on time with no overdue status, demonstrating good regulatory compliance.
   • No Formal Insolvency Proceedings: The company is not in liquidation, administration, or receivership, nor flagged with disqualifications against officers.
   • Stable Registered Office and Management: Director and secretary appointments remain consistent since incorporation, indicating stable governance structure.

4. Due Diligence Notes:

   • Verify the actual trading status of the company given the dormant SIC code despite an active status and the business nature implied by the name.
   • Investigate the nature of current assets and liabilities to understand liquidity sources and obligations (e.g., are liabilities trade creditors or accrued expenses?).
   • Review cash flow statements or bank statements, if available, to assess operational cash generation or reliance on external funding.
   • Confirm whether the absence of employees is temporary or reflects a change in business model (outsourcing, contracting).
   • Inquire about plans for capital infusion or business development to improve working capital and operational sustainability.