Company Number: 13036732

Analysis Date: 2025-07-20 12:40 UTC

1. Risk Rating: HIGH
   The company is currently dormant with persistent net liabilities of £392 and no trading activity reported since incorporation. The lack of income and ongoing liabilities indicate significant solvency and liquidity risk.

2. Key Concerns:

• Negative net assets of £392 consistently reported over multiple years, indicating ongoing erosion of shareholder funds.
• Dormant status with no trading activity, no income, and no operating expenses for the last financial years, raising questions about operational viability.
• Current liabilities exceed current assets (£700 vs £308), resulting in net current liabilities and potential liquidity constraints if trading were to commence.

3. Positive Indicators:

• The company is compliant with filing deadlines for both accounts and confirmation statements, reducing regulatory compliance risk.
• Directors have maintained the company in good standing since incorporation with no overdue filings or disqualifications noted.
• Share capital of £100 indicates some initial equity investment.

4. Due Diligence Notes:

• Investigate reasons for continued dormancy and plans for future trading or business activity.
• Review nature and origin of current liabilities to understand if these are contingent or payable liabilities.
• Confirm whether the company has any off-balance sheet liabilities or contingent risks not disclosed in dormant accounts.
• Assess directors' intentions regarding company strategy and whether capital injection or restructuring is planned.
• Verify whether the company holds any intellectual property or assets not reflected in current financial statements.