Company Number: 13820722

Analysis Date: 2025-07-29 14:55 UTC

1. Risk Rating: HIGH
   The company is classified as dormant with minimal financial activity and extremely limited net assets and cash (£10). This indicates no operating business generating revenue or cash flow, posing significant solvency and liquidity risks if operations were to commence or liabilities arise.

2. Key Concerns:

• Dormant Status with Minimal Financials: The company has filed dormant accounts consistently, showing no trading activity and only nominal net assets, suggesting no operational income or business sustainability.
• Lack of Financial Substance: Cash and net assets remain at £10 across multiple years, which is insufficient to cover any liabilities or expenses, indicating a lack of financial cushion.
• Recent Director and Control Changes: The active director and person with significant control changed as recently as December 2024, which could imply restructuring or transition risks without clear operational data to support continuity.

3. Positive Indicators:

• Compliance with Filings: The company is up to date with both accounts and confirmation statement filings, showing regulatory compliance in terms of required documentation.
• Clear Ownership and Control: The current sole controlling individual is clearly identified, which provides transparency in governance.
• No Overdue Filings or Insolvency Status: The company is not in liquidation, administration, or receivership, and all statutory filings are current.

4. Due Diligence Notes:

• Investigate the company's business plan, if any, for transitioning from dormant to active status and expected sources of revenue and capital.
• Verify any off-balance-sheet liabilities or commitments not reflected in dormant accounts.
• Review director backgrounds and intentions for the company to understand the recent changes in control and management.
• Confirm absence of any regulatory or legal issues despite dormant status.
• Assess market and industry conditions for take-away food shops in the Cannock area to evaluate potential operational viability.