DOG STAR MARITIME LTD

Executive Summary

Dog Star Maritime Ltd presents a financially stable profile with strong liquidity and no overdue filings, supporting a low solvency risk. However, operational sustainability concerns arise due to the absence of employees and limited visibility on profitability. Further due diligence on cash flow and business operations is recommended to fully assess ongoing viability.

DOG STAR MARITIME LTD - Analysis Report

Company Number: SC683969

Analysis Date: 2025-07-29 20:34 UTC

1. Risk Rating: LOW
   Dog Star Maritime Ltd exhibits a strong liquidity position with significantly positive net current assets, low current liabilities, and stable net assets over recent years. Compliance with filing deadlines and no indication of financial distress or governance issues further support a low-risk classification.

2. Key Concerns:

• Limited Scale and Employee Base: The company reports zero employees on average during the financial year ended 31 March 2024, which may indicate reliance on directors or external contractors. This could pose operational risks if key personnel are unavailable.
• Lack of Profit and Loss Information: The accounts omit the income statement as permitted under small company exemptions, limiting insight into profitability and operational cash flow trends.
• Concentration of Control: One individual, Mr Keith Noel Sutherland, holds 75-100% ownership and voting rights, which may raise governance concerns, although common in small private companies.

3. Positive Indicators:

• Strong Liquidity Position: Cash holdings (~£15,000) comfortably exceed current liabilities (£420), indicating ability to meet short-term obligations.
• Consistent Net Asset Position: Net assets remain stable (around £17,800 - £19,000) over the past three years, evidencing financial stability.
• Up-to-date Filings: Both annual accounts and confirmation statement are timely filed, demonstrating regulatory compliance.

4. Due Diligence Notes:

• Request management accounts or additional financial information to evaluate profitability and cash flow beyond balance sheet data.
• Clarify operational structure given zero employees reported—determine if outsourced services or director-managed operations support business activities.
• Review director background checks to assess any risks related to governance or conduct, although no disqualifications are noted here.
• Confirm business activity aligns with SIC 71200 (Technical testing and analysis) and assess market positioning and client base for sustainability.