EASY ACCESS SELF STORAGE (TRAFFORD) LIMITED
Executive Summary
EASY ACCESS SELF STORAGE (TRAFFORD) LIMITED is currently a dormant entity with no trading activity or meaningful financial resources reported since incorporation. While compliance with statutory filings is maintained, the absence of operational or financial substance presents high risk from a solvency and liquidity perspective. Further due diligence is recommended to clarify the company’s future intentions and financial support structure.
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This analysis is opinion only and should not be interpreted as financial advice.
EASY ACCESS SELF STORAGE (TRAFFORD) LIMITED - Analysis Report
- Risk Rating: HIGH
Justification: EASY ACCESS SELF STORAGE (TRAFFORD) LIMITED is classified as a dormant company with minimal financial activity reported since incorporation in December 2020. The financial data shows consistently nominal cash balances (£100) and net assets (£100) across all years, indicating no operational revenue or meaningful asset base. This lack of trading history and financial substance presents significant solvency and liquidity risk concerns.
- Key Concerns:
- Dormant Status: The company has filed dormant accounts every year, showing no trading activity or income generation, which raises concerns about the company’s operational viability and sustainability.
- Minimal Financial Resources: With only £100 share capital and no reported assets or liabilities beyond this, the company lacks financial buffer to meet any liabilities or fund operations.
- Limited Transparency on Business Progress: The accounts and filings do not provide insight into any business development or plans to activate trading, leaving uncertainty about future prospects.
- Positive Indicators:
- Compliance with Filing Requirements: The company is up to date with statutory accounts and confirmation statement filings, with no overdue submissions or regulatory flags.
- Stable Governance: Directors and secretary have been consistently appointed since incorporation, suggesting continuity in management.
- Clear Industry Classification: The company is registered under SIC code 52103, indicating its intended business activity is warehousing and storage, a legitimate commercial sector.
- Due Diligence Notes:
- Investigate Business Plan: Clarify whether the dormant status is temporary or permanent and assess any strategic plans for commencing trading or asset acquisition.
- Confirm Financial Backing: Ascertain if there are any external funding arrangements, guarantees, or related party support not reflected in public filings.
- Review Director Intent and Capacity: Engage with directors to understand their commitment to the company and any obstacles preventing trading activity.
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