Company Number: SC761853

Analysis Date: 2025-07-29 14:03 UTC

1. Risk Rating: LOW

Justification: GRAPEVINE RESOURCES LTD is a newly incorporated (March 2023) private limited company classified as dormant for the financial year ending 31 March 2024. The company shows minimal financial activity with net assets and shareholders’ funds of £1, reflecting no operational transactions or liabilities. Filing obligations are current with no overdue accounts or confirmation statements, indicating compliance with statutory requirements. The company is controlled entirely by a single director and shareholder, Mr. Donald McCorquodale, who also acts as the sole director.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts and shows no trading activity to date, which limits assessment of operational stability or cash flow generation.
• Concentration of Control: Single individual ownership and directorship may present governance and succession risks, as well as limited oversight.
• Minimal Financial Data: Lack of financial transactions and no substantive assets or liabilities restrict the ability to evaluate solvency or liquidity beyond compliance with filing requirements.

3. Positive Indicators:

• Compliance: The company has filed accounts and confirmation statements timely, with no overdue filings or penalties, demonstrating regulatory compliance.
• Clean Financial Position: As a dormant entity, there are no reported liabilities or negative net assets, minimizing immediate solvency risk.
• Clear Ownership Structure: The sole shareholder and director are identified and consistent, reducing complexity in control and decision-making.

4. Due Diligence Notes:

• Investigate the company’s business plans and timeline for commencing trading to assess future operational viability.
• Confirm that the dormant status is intentional and not due to operational or financial difficulties.
• Monitor any changes in director or shareholder structure, as well as future filing of full accounts once trading begins.
• Evaluate the background and reputation of the director/shareholder to assess governance quality.