FYNSPACE LIMITED

Executive Summary

FYNSPACE LIMITED is a recently incorporated dormant private limited company with positive net assets and no overdue accounts, indicating low immediate financial risk. However, the overdue confirmation statement and lack of trading history warrant monitoring for compliance and operational development. Further due diligence should focus on understanding future business activity and ensuring ongoing regulatory adherence.

FYNSPACE LIMITED - Analysis Report

Company Number: 15805174

Analysis Date: 2025-07-29 12:03 UTC

1. Risk Rating: LOW
   FYNSPACE LIMITED is a newly incorporated private limited company classified as dormant for the latest financial year, with minimal liabilities and positive net assets. There are no indications of financial distress or operational activity that would raise immediate solvency or liquidity concerns.

2. Key Concerns:

• Overdue Confirmation Statement: The company’s confirmation statement filing is overdue as of the data provided, which may indicate a minor compliance lapse.
• Dormant Status: The company has reported dormant accounts, implying no trading activity to date; this limits the ability to assess operational stability or cash flow generation.
• Small Scale and Limited Financial History: Incorporated recently in June 2024 with minimal capital and assets, the company has no trading record or revenue, which constrains evaluation of business sustainability.

3. Positive Indicators:

• Positive Net Assets: The company shows net assets of £300 and net current assets of £303, indicating no immediate solvency issues.
• No Overdue Accounts: Annual accounts are up to date and not overdue, demonstrating compliance with financial reporting obligations.
• Sole Director and PSC Alignment: The director and person with significant control are the same individual, potentially ensuring streamlined governance and decision-making.

4. Due Diligence Notes:

• Investigate the reason for the overdue confirmation statement and ensure it is filed promptly to maintain regulatory compliance.
• Clarify business plans and intended activities, given the dormant status and the SIC codes related to financial services holding and web portals.
• Monitor for future accounts filings to assess operational progress, trading activity, and financial performance once the company becomes active.
• Confirm absence of director disqualifications or regulatory issues related to the sole director.