GEEK4GOOD LTD
Executive Summary
GEEK4GOOD LTD is a dormant private limited company with minimal financial activity and cash resources of £100. It exhibits low financial risk due to its lack of liabilities and compliance with filing requirements but currently provides no evidence of operational business activity or revenue generation. Continued monitoring is recommended to assess any material change in status or commencement of trading.
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This analysis is opinion only and should not be interpreted as financial advice.
GEEK4GOOD LTD - Analysis Report
Risk Rating: LOW
GEEK4GOOD LTD is classified as a dormant company with minimal financial activity and very limited assets. There is no evidence of trading, liabilities, or operational complexity, resulting in low immediate financial risk.Key Concerns:
- Dormant Status and Lack of Trading History: The company has been dormant since incorporation, with no income or expenses. This limits assessment of operational viability or revenue generation potential.
- Minimal Asset Base: Cash and current assets stand at only £100, indicating negligible financial resources to support any business activity if initiated.
- No Employees and Limited Corporate Activity: No personnel employed and no transactions recorded, which raises questions about the company’s future business plans or sustainability.
- Positive Indicators:
- Timely Filing and Compliance: Accounts and confirmation statements are up to date with no overdue filings, indicating good regulatory compliance.
- Sufficient Shareholders’ Funds Relative to Activity: Share capital equals net assets, reflecting straightforward equity structure with no debt.
- No Current Liabilities or Debt: The balance sheet shows no liabilities, reducing solvency risk at this stage.
- Due Diligence Notes:
- Confirm the company’s intended business plans or timeline for commencing trading activities.
- Review background of the sole director for any past directorships or regulatory issues.
- Monitor future filings for any changes in financial status, operational activity, or capital structure.
- Assess whether the company is being maintained for holding assets or intellectual property, given its SIC code as a holding company.
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