DON'T STEP BACK LTD
Executive Summary
DON'T STEP BACK LTD is a newly formed private limited company currently dormant with minimal financial activity and no overdue filings. The immediate risk profile is low due to lack of operations, but the absence of trading history and financial resources requires monitoring as the company transitions to active status. Compliance is up to date, and sole control is clearly documented, though governance oversight should be considered.
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This analysis is opinion only and should not be interpreted as financial advice.
DON'T STEP BACK LTD - Analysis Report
Risk Rating: LOW
The company is newly incorporated, classified as dormant, and has minimal financial activity with nominal net assets and cash. There are no overdue filings or compliance issues visible. Given its dormant status and very recent establishment, immediate solvency or liquidity risks appear minimal at this stage.Key Concerns:
- Lack of operational history: As the company was incorporated less than a year ago and remains dormant, there is no financial performance or operational track record to assess sustainability.
- Minimal financial resources: The company reports only £1 in cash and net assets, indicating no working capital or financial buffer for operations once active.
- Single director and sole shareholder: Concentration of control in one individual may pose governance risks if not adequately managed.
- Positive Indicators:
- Compliance with filing requirements: Accounts and confirmation statements are filed on time, showing good regulatory adherence.
- Clear ownership and control: The sole director and 100% shareholder is identified, reducing ambiguity in control structure.
- Dormant status: Absence of trading activity limits immediate financial risk and liabilities.
- Due Diligence Notes:
- Investigate business plan and timeline for commencement of trading to understand future operational and financial prospects.
- Monitor any changes in financial status or filings that indicate transition from dormant to active status.
- Assess the background and capacity of the sole director/owner to manage and grow the business.
- Confirm there are no contingent liabilities or off-balance sheet risks not reflected in dormant accounts.
- Review any intellectual property, contracts, or assets planned for future use.
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