ESSENCE OF ASABEA LTD

Executive Summary

Essence of Asabea Ltd is currently a dormant private limited company with minimal financial activity and a history of negative equity, recently showing nominal positive shareholders’ funds due to dormant classification rather than operational recovery. While regulatory compliance is maintained, the company exhibits high solvency and liquidity risk with no active trading or significant assets. Further investigation is warranted to understand any plans for business activation or capital support.

ESSENCE OF ASABEA LTD - Analysis Report

Company Number: 12465316

Analysis Date: 2025-07-29 20:53 UTC

1. Risk Rating: HIGH
   The company is rated high risk primarily due to its dormant status, absence of operating income, and persistent negative equity in prior years. The balance sheet shows minimal assets and negligible working capital, indicating significant solvency and liquidity concerns.

2. Key Concerns:

• Consistent Negative Shareholders' Funds Until Latest Period: Historical data from 2020 through 2023 show negative equity (~£7,500), which signals accumulated losses or liabilities exceeding assets. Although the 2024 accounts report a positive shareholders’ fund of £1, this coincides with dormant status and minimal financial activity, not operational recovery.
• Dormant Company Status With Minimal Financial Activity: Classified as dormant, the company has not engaged in substantial trading or revenue generation, limiting any cash inflows to support liabilities or growth.
• Limited Financial Information and Small Scale: The company has only £1 share capital and recorded £1 debtor with no creditors at the last year-end, indicating a lack of operational scale and financial substance. This raises concerns about the sustainability and viability of the business model without further investment or trading activity.

3. Positive Indicators:

• No Overdue Filings or Compliance Issues: Accounts and confirmation statement filings are up to date, showing regulatory compliance.
• Sole Director with Full Control: The sole director (Miss Kisha Asabea Angus) holds 75-100% control, which could facilitate streamlined decision-making and agility.
• Website Presence and Branding: The company maintains an active website and social media presence, indicating some level of marketing or brand positioning that could support future trading activities.

4. Due Diligence Notes:

• Investigate reasons behind the prolonged dormant status and lack of trading despite online presence.
• Confirm whether there are any off-balance-sheet liabilities or contingent risks not disclosed in the accounts.
• Assess the director’s plans for capital infusion or trading commencement to improve financial health and solvency.
• Review the nature and collectability of the nominal debtor balance (£1).
• Clarify the relationship between the registered office in Holbeach and the website address in London to understand operational footprint.