Company Number: 12475138

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

1. Risk Rating: HIGH

   The company is rated high risk primarily because it is dormant with negligible financial activity and minimal net assets (£1). This indicates no operational business or revenue generation, presenting significant solvency and liquidity concerns.

2. Key Concerns:

   • Dormant Status with No Financial Activity: The company has consistently reported dormant accounts since incorporation in 2020, showing no trading or income.
   • Minimal Net Assets and Share Capital: Net assets and shareholders’ funds remain at £1, which implies no working capital or financial buffer.
   • Lack of Operational History or Revenue: There is no evidence of active business operations or financial transactions beyond acting as an agent for a person, raising questions about the company's viability and sustainability.

3. Positive Indicators:

   • Compliance with Filing Requirements: Accounts and confirmation statements are up to date, indicating good regulatory compliance and governance.
   • Single Director with Clear Records: The sole director has no apparent disqualifications or adverse records, reducing governance risk.
   • Clear Industry Classification: The SIC code 16230 clearly defines the intended business activity (manufacture of builders’ carpentry and joinery), which provides a focus area if the company becomes operational.

4. Due Diligence Notes:

   • Investigate the reason for continued dormancy and lack of trading activity since incorporation.
   • Clarify the business plan or intended future operations, if any, to assess viability.
   • Review director’s intentions and any related party transactions or contingent liabilities not reflected in dormant accounts.
   • Confirm no undisclosed liabilities or risks exist given the minimal financial disclosures.