Company Number: 15258132

Analysis Date: 2025-07-29 13:33 UTC

1. Risk Rating: HIGH
   Justification: The company shows net liabilities of £15 (thousand implied by format) at the year-end, no trading activity or income, and minimal fixed assets (£375). It has no employees except directors who receive no remuneration, indicating no operational business. The parent company owns 75-100% and controls the board, suggesting it is a non-trading entity within a group. These factors point to significant solvency and liquidity concerns if considered as a standalone entity.

2. Key Concerns:

• Negative shareholders’ funds (net liabilities) of £15 indicate insolvency on a standalone basis.
• No trading activity or revenue since incorporation; the company has not generated income or incurred expenses.
• Reliance on a single controlling entity (Field Devco Ltd) and no independent operations raises questions on operational sustainability and business purpose.

3. Positive Indicators:

• Company filings and accounts are up to date and not overdue, indicating compliance with statutory requirements.
• Directors have acknowledged responsibilities and accounts are prepared under appropriate micro-entity standards.
• The company is part of a group structure, potentially benefiting from group-level financial support.

4. Due Diligence Notes:

• Investigate the purpose of the company within the group and whether it is intended as a holding, dormant, or shell entity.
• Review group accounts and financial health of Field Devco Ltd to assess ultimate financial backing and risk exposure.
• Clarify future business plans and potential for operational activity or capitalization to improve solvency.