Company Number: 15214507

Analysis Date: 2025-07-20 16:25 UTC

1. Risk Rating: HIGH
   Justification: DURYARD LTD is a newly incorporated private limited company registered in October 2023, currently classified as dormant with minimal financial activity (net assets of £3). There is no operating history or financial data demonstrating revenue generation, asset base, or liquidity. The company’s three directors have recently resigned (two in August 2024), leaving one current director. The company’s very limited financial footprint and early stage of operation present a high risk profile for solvency and operational sustainability.

2. Key Concerns:

   • Dormant Status and Minimal Financial Activity: The company has filed dormant accounts showing only nominal share capital and net assets of £3, indicating lack of trading or business operations to date.
   • Director Turnover: Two of three original directors resigned less than a year after incorporation, which may suggest governance or strategic uncertainties.
   • Lack of Financial Substance: No current assets, liabilities, or cash flow information is available; thus, the company’s ability to meet obligations or sustain operations cannot be assessed.

3. Positive Indicators:

   • Compliance with Filing Requirements: The company is up to date with statutory filings (accounts and confirmation statements), indicating adherence to regulatory obligations.
   • Transparent Ownership Structure: Three persons with significant control each hold 25-50% of shares and voting rights, showing clear ownership and control distribution.
   • No Overdue Filings or Insolvency Status: The company is active and not undergoing liquidation or administration, reducing immediate regulatory or solvency concerns.

4. Due Diligence Notes:

   • Investigate Business Plan and Intended Operations: Clarify the company’s business model, plans for activating trading, and timeline for generating revenue.
   • Assess Director Resignations: Understand reasons behind the recent director departures to evaluate any governance or operational risks.
   • Review Funding Sources and Cash Flow Projections: Since current financials show no substantive activity, inquire about capital injections, funding commitments, or planned investments.
   • Verify Website and Brand Connection: The company changed name from TEMPLE I PROPERTY BUYERS LTD in September 2024; confirm relationship with the website (templei.com) and group activities mentioned therein.