DOLPHIN LETTINGS UK LIMITED

Executive Summary

Dolphin Lettings UK Limited is an active but dormant private company with negative net assets and no operational activity to date. While compliant with filing requirements, its financial position indicates high solvency risk and limited operational stability. Careful scrutiny of business intentions and financial backing is advised before considering investment exposure.

DOLPHIN LETTINGS UK LIMITED - Analysis Report

Company Number: 13990968

Analysis Date: 2025-07-29 16:27 UTC

1. Risk Rating: HIGH
   Dolphin Lettings UK Limited presents a high-risk profile given its dormant status, negative net assets, and lack of operational activity. The company’s financials show consistent net liabilities and no revenue generation, indicating an inability to meet obligations or sustain operations.

2. Key Concerns:

• Dormant Status and Negative Equity: The company has been dormant for the latest reported year, with net liabilities of £150, suggesting no income generation or business activity to cover obligations.
• Negative Net Current Assets and Shareholders’ Funds: Persistent negative working capital and equity raise solvency concerns, implying potential difficulties in meeting short-term liabilities.
• Lack of Operational History: Incorporated in 2022, with no employees and no trading activity, the company lacks a track record, making it difficult to assess future viability or operational stability.

3. Positive Indicators:

• Compliance with Filing Deadlines: The company’s accounts and confirmation statements are up to date, showing regulatory compliance and governance discipline.
• Clear Director and PSC Information: Directors and persons with significant control are identified, with no adverse records or disqualifications noted.
• Small Scale and Micro Entity Filing: The company is classified as dormant under micro-entity provisions, potentially minimizing complexity and administrative burden.

4. Due Diligence Notes:

• Investigate the business plan and intended operations to understand the purpose of the company and timeline to commence trading.
• Confirm whether the company has access to external financing or shareholder support to address negative equity and fund future operations.
• Review any related-party transactions or off-balance-sheet commitments that may impact financial health.
• Verify the background and track record of the directors and PSCs beyond the information provided, to assess capability and integrity.
• Monitor future filings for signs of business commencement, improved financial position, or changes in operational status.