DERMOT JOSEPH RICE LIMITED

Executive Summary

DERMOT JOSEPH RICE LIMITED is a recently incorporated private limited company currently dormant with minimal financial activity and net assets of £1. The company shows strong compliance with filing obligations and no immediate solvency or liquidity concerns. However, as a dormant entity, there is limited operational history or financial data to assess sustainability beyond administrative compliance.

DERMOT JOSEPH RICE LIMITED - Analysis Report

Company Number: NI692077

Analysis Date: 2025-07-29 20:03 UTC

1. Risk Rating: LOW
   The company is classified as dormant with minimal financial activity and negligible net assets (£1). There are no overdue filings or indications of financial distress. As such, solvency and liquidity risks are minimal at this stage.

2. Key Concerns:

• Dormant Status: The company has no active trading or financial transactions, indicating no operational income or cash flows.
• Minimal Net Assets: Shareholder funds and net assets stand at just £1, suggesting no financial buffer or capital for operations if activated.
• Single Director and Shareholder: Control is concentrated in one individual, which may raise governance concerns if the company becomes active.

3. Positive Indicators:

• Compliance: All statutory filing requirements (accounts and confirmation statements) are up to date with no overdue submissions.
• Clear Ownership and Control: The sole director and 100% shareholder are identified with no disqualifications or adverse records noted.
• Small Company Regime: The company benefits from simplified reporting requirements, reducing administrative burden and cost.

4. Due Diligence Notes:

• Investigate the business purpose: Why was the company formed and what are the plans for activation or trading?
• Confirm no hidden liabilities: Even dormant companies can have contingent liabilities or obligations.
• Monitor changes in filings: Any shift from dormant to active status will require review of financial statements and operational risks.