Company Number: 14471485

Analysis Date: 2025-07-20 11:43 UTC

1. Risk Rating: HIGH
   Justification: Goodridge Developments Ltd is a very recently incorporated company (November 2022) with dormant status accounting for the period ending November 2023. The balance sheet shows only £2 in current assets and net assets, minimal equity, and no trading activity. The company has not yet demonstrated operational or financial activity, indicating a high risk in terms of solvency, liquidity, and operational stability.

2. Key Concerns:

• Dormant Status & Minimal Financial Activity: The company filed dormant accounts with only £2 in cash and net assets, which suggests no substantive business operations or revenue generation to date.
• Lack of Revenue or Trading History: No profit and loss accounts filed and no indication of income or expenses, limiting insight into business viability or cash flow.
• Concentration of Control: Two directors/PSC holders each control 25-50% of shares and voting rights, which may concentrate decision-making and risk without broader governance oversight.

3. Positive Indicators:

• Current Compliance: The company is up-to-date with both accounts and confirmation statement filings, with no overdue documents or regulatory issues reported.
• Clear Legal Structure: Private limited company status with well-defined directors and PSCs, and compliance with small companies’ reporting regime.
• No Indications of Insolvency or Enforcement: No signs of liquidation, administration, or director disqualifications.

4. Due Diligence Notes:

• Investigate the company’s business plan, funding arrangements, and timeline for commencing trading or development activities.
• Clarify the purpose of the company given dormant status and minimal assets, including any related party transactions or planned projects.
• Review directors’ backgrounds and track record in building development to assess operational capability.
• Monitor future filings for signs of trading activity or financial commitments.