Company Number: 13554672

Analysis Date: 2025-07-20 18:27 UTC

1. Risk Rating: LOW
   Justification: GLOBALMIN LTD is a dormant private limited company with no trading activity reported. It has substantial share capital (£15 million) fully paid up and stable net assets reported over three years. The company is current with all statutory filings and shows no signs of financial distress.

2. Key Concerns:

• Dormant Status: The company is dormant, indicating no operational activity or revenue generation, which may limit short-term business viability or cash flow.
• Single Shareholder Control: Mr. John Falcon holds 75-100% ownership and voting rights, concentrating control and potentially increasing governance risk.
• Industry Classification vs Activity: Despite mining-related SIC codes, the company shows no financial transactions or operational data, raising questions about its actual engagement in the sector.

3. Positive Indicators:

• Strong Equity Base: £15 million share capital fully paid up provides a solid financial foundation.
• Compliance: All statutory accounts and confirmation statements are filed on time without overdue notices, evidencing good regulatory compliance.
• Clear Governance: Director appointment is transparent with no negative records noted.

4. Due Diligence Notes:

• Investigate the strategic purpose behind maintaining a dormant mining company with substantial equity but no activity.
• Confirm any planned future operations or asset holdings not reflected in the dormant accounts.
• Review director’s background and any associated entities to assess potential risks linked to single-person control.
• Verify if the company holds any mining licenses, permits, or tangible assets off the balance sheet.