GLOBE REGAL NORTH AMERICA LIMITED

Executive Summary

GLOBE REGAL NORTH AMERICA LIMITED is a dormant private limited company with minimal financial activity and net assets limited to issued share capital. While it remains active and compliant on accounts filings, the overdue confirmation statement and lack of operational data present significant risks from a solvency and governance perspective. Further enquiry into the company's role within the Globe Regal Group and its future plans is advisable before any investment consideration.

GLOBE REGAL NORTH AMERICA LIMITED - Analysis Report

Company Number: 14149641

Analysis Date: 2025-07-29 15:54 UTC

1. Risk Rating: HIGH
   Given the company's dormant status, minimal financial activity, extremely limited net assets (£50), and overdue confirmation statement filing, there is a high risk regarding its operational viability and financial stability.

2. Key Concerns:

• Dormant Status with Minimal Financial Substance: The company has filed dormant accounts for multiple years, indicating no trading activity. Its net assets remain at £50, representing only the issued share capital. This suggests no ongoing business operations generating revenue or profits.
• Overdue Confirmation Statement: The confirmation statement is overdue as of June 2024, which may signify lapses in compliance or governance that could lead to regulatory penalties or increased scrutiny.
• Lack of Financial Data Beyond Basic Capital: Absence of trading or financial performance data restricts the ability to assess cash flow, profitability, or debt obligations, raising concerns about solvency and liquidity if the company were to commence operations or face liabilities.

3. Positive Indicators:

• Active Company Status: The company remains active and is not in liquidation or administration, indicating it has not formally entered insolvency processes.
• No Overdue Accounts Filings: Annual dormant accounts are filed on time, demonstrating some level of compliance with Companies House financial reporting requirements.
• Registered Address and Website Presence: The company maintains a registered office and an active website associated with the Globe Regal Group, which could suggest linkage to a larger corporate group or brand presence.

4. Due Diligence Notes:

• Investigate the reason for dormant status and whether the company intends to commence trading or remain inactive.
• Clarify the cause and implications of the overdue confirmation statement filing and ensure updated compliance to avoid penalties.
• Assess the relationship between this entity and the broader Globe Regal Group to understand if this company functions as a holding or special purpose vehicle rather than an operational business.
• Verify management and ownership structure including any persons with significant control to evaluate governance and potential operational risks.
• Consider potential contingent liabilities or intercompany transactions not reflected in dormant filings.