Company Number: 13740266

Analysis Date: 2025-07-19 12:12 UTC

1. Risk Rating: HIGH
   The company shows minimal financial activity with total assets less current liabilities and shareholders' funds consistently at only £100 over three years. No employees, negligible assets, and no evidence of operating income or liabilities indicate extremely limited operational scale and financial substance.

2. Key Concerns:

• Minimal Financial Substance: The balance sheet reveals no meaningful assets or liabilities beyond £100 equity, suggesting no trading activity or cash flow.
• No Operational Activity: The company reports zero employees and no indication of revenue or expenses, raising concerns about sustainability and business viability.
• Concentration of Control: Two directors/shareholders hold 75-100% control, which may increase governance risk due to lack of independent oversight.

3. Positive Indicators:

• Compliance with Filings: Accounts and confirmation statements are filed on time with no overdue returns or penalties noted.
• Active Status: The company remains active and incorporated recently (Nov 2021), indicating potential for future development.
• Clear Ownership Structure: PSC information is transparent and up-to-date.

4. Due Diligence Notes:

• Investigate the nature and purpose of the company given its lack of financial activity—determine if it is a dormant or shell entity.
• Review any off-balance sheet commitments or related party transactions not captured in the micro-entity accounts.
• Verify management intentions and business plans to assess potential future financial performance and operational viability.
• Confirm the source of equity capital and whether the £100 represents nominal share capital only, with no further investment.