Company Number: 13246931

Analysis Date: 2025-07-29 14:56 UTC

1. Risk Rating: HIGH
   Justification: The company filed dormant accounts for the latest year ended 31 March 2025, showing minimal activity with net assets of £1. Prior years show some assets and liabilities but no ongoing operational data. The company’s financial position indicates very limited resources and no meaningful trading, posing a significant solvency and liquidity risk.

2. Key Concerns:

• Dormant status with negligible net assets (£1) and no cash beyond £1 at latest year end, indicating inability to meet obligations if required.
• Previous financial years show fluctuating net assets and current liabilities (e.g., £108k liabilities in 2024) with unclear settlement, raising questions on financial management and sustainability.
• Sole director and majority shareholder with unrelated occupation (tattooist) may indicate limited operational focus or expertise in real estate management sector.

3. Positive Indicators:

• No overdue filings or penalties, indicating compliance with statutory filing requirements and regulatory obligations.
• Company remains active and has not entered liquidation or administration, which could imply intent to maintain corporate status or future business plans.
• The director holds full control, which can facilitate prompt decision-making.

4. Due Diligence Notes:

• Investigate the nature of the company’s real estate activities given the dormant filing and previous asset/liability figures to clarify business model viability.
• Review intercompany transactions or related party dealings if any, to understand significant balance sheet fluctuations and current liabilities.
• Assess the director’s capacity and involvement in company affairs, given the unrelated primary occupation and sole control.
• Confirm if the dormant status is intended as a temporary measure or if the company plans to resume trading or asset management activities.