Company Number: 14279659

Analysis Date: 2025-07-29 14:43 UTC

1. Risk Rating: HIGH

   Justification: The company, incorporated in August 2022, shows minimal financial activity with only £2 in current assets and net assets as of 31 December 2023. There are no employees and no dividends paid, indicating very limited operational scale or revenue generation to date. This minimal financial base raises significant concerns about its ability to meet obligations or sustain operations.

2. Key Concerns:

   • Extremely Low Asset Base: Current assets and net assets stand at just £2, suggesting negligible working capital or financial resources.
   • No Employees or Operational Scale: Zero employees and no reported profit and loss statement filed imply limited or no business activity.
   • Short Operating History with Limited Financial Disclosure: The company is newly incorporated and has filed minimal financial information, limiting transparency on business viability.

3. Positive Indicators:

   • Compliance with Filing Obligations: The company is up to date with both accounts and confirmation statement filings, reducing regulatory compliance risk.
   • No Overdue Filings or Insolvency Indicators: Status is active with no sign of liquidation or administration.
   • Clear Ownership and Governance: Directors and persons with significant control are identified without disqualifications reported.

4. Due Diligence Notes:

   • Investigate the nature of the company's business operations given the SIC code 93130 (Fitness facilities) versus the lack of employees and minimal assets.
   • Review any cash flow or funding arrangements not reflected in the current financial statements to assess liquidity.
   • Obtain management commentary or business plan to understand the operational strategy and timeline for scaling.
   • Confirm the reason for the name change in March 2024 and whether it reflects any restructuring or strategic shift.
   • Verify whether there are related party transactions or off-balance sheet arrangements.