Company Number: 13191204

Analysis Date: 2025-07-19 13:03 UTC

1. Risk Rating: HIGH

   Justification: The company has been dormant since incorporation in 2021, showing no trading activity or meaningful financial transactions. It holds minimal cash and net assets (£1) and has no recorded revenues or expenses. This indicates it is not operational or generating income, posing significant solvency and liquidity risks if evaluated as an ongoing business.

2. Key Concerns:

   • Dormant status with no trading history: The company’s accounts confirm it has been dormant throughout, which implies no operational cash flows or business activity to support liabilities or growth.
   • Minimal financial substance: Net assets and cash remain at £1, reflecting no capital injections or retained earnings to provide financial stability.
   • Single director with full control: Mr. Daniel Riordan owns 75-100% shares and voting rights. The company depends entirely on one individual, which may raise concerns about governance and continuity.

3. Positive Indicators:

   • Compliance with filing requirements: The company has filed its dormant accounts and confirmation statements on time, showing adherence to regulatory obligations.
   • Clear ownership and control structure: The PSC register is up to date, with transparent ownership by an identified individual.
   • No overdue filings or penalties: Indicates good governance practices at least in company administration.

4. Due Diligence Notes:

   • Investigate the reasons for dormancy and whether the company intends to commence trading or remain inactive.
   • Confirm if there are any hidden liabilities or contingent obligations not reflected in dormant accounts.
   • Assess the business plan or strategy for future operations, including capital requirements and revenue projections.