Company Number: 13566512

Analysis Date: 2025-07-20 14:30 UTC

1. Risk Rating: HIGH

Justification: FUN-FAIR-FITNESS LTD has been dormant since incorporation in 2021, showing minimal financial activity with net assets and shareholders’ funds of only £1. There is no evidence of trading or operational activity, thus no revenue or cash flow generation. This lack of financial substance and operational history presents a high risk regarding solvency and liquidity.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts consistently, indicating no trading activity and no income to support liabilities or growth.
• Minimal Net Assets: With net assets of only £1, the company has virtually no capital buffer to meet potential liabilities.
• Single Shareholder and Director Control: Ownership and management are fully concentrated in one individual with full control, potentially increasing governance and continuity risk.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are up to date and not overdue, indicating adherence to regulatory obligations.
• Clear Ownership and Control: The sole director and PSC are identified, providing transparency in governance.
• No Indications of Financial Distress: Absence of overdue filings or insolvency proceedings indicates at least formal regulatory compliance.

4. Due Diligence Notes:

• Investigate Business Plans and Intent: Clarify if the company intends to commence trading or if it is being held dormant for strategic reasons.
• Review Director’s Background and Capacity: Assess the director’s qualifications, financial standing, and plans for the company.
• Confirm Absence of Off-Balance Sheet Liabilities: Verify whether the company has any contingent liabilities or commitments not reflected in dormant accounts.