HACK2SEC LTD

Executive Summary

HACK2SEC LTD currently presents a high risk profile due to an absence of financial activity, assets, and operational presence over multiple years. While compliance with filing requirements is maintained, the company’s lack of working capital and trading history raise significant concerns about its viability and capacity to meet obligations. Further inquiry into business plans and management changes is critical before considering investment exposure.

HACK2SEC LTD - Analysis Report

Company Number: 13744114

Analysis Date: 2025-07-29 12:34 UTC

1. Risk Rating: HIGH
   Justification: The company shows no financial assets, no liabilities, and zero net assets or shareholders’ funds over multiple years. There is no recorded turnover or operational activity reflected in the accounts. The absence of employees and zero current assets suggest no active business operations or cash flow. This profile indicates significant solvency and liquidity risk.

2. Key Concerns:

• Zero Financial Activity: The micro-entity accounts show no assets, liabilities, income, or expenses, indicating no trading or operational activity for at least two years.
• Lack of Working Capital: With zero current assets and liabilities, the company has no working capital to meet any obligations or invest in operations.
• Change in Control and Management: The director and majority shareholder changed recently (Feb 2025), which may signal restructuring or ownership transitions that require scrutiny.

3. Positive Indicators:

• Up-to-date Filings: Both the annual accounts and confirmation statements are filed on time with no overdue status, indicating compliance with statutory requirements.
• No Indebtedness or Creditors: The absence of creditors suggests no outstanding debts, which reduces immediate solvency pressure.
• Clear Ownership Structure: Control is clearly defined, with a single individual (Anna Festa) holding 75-100% ownership and voting rights, facilitating decisive governance.

4. Due Diligence Notes:

• Investigate the company’s business model and reason for lack of financial activity despite being active since 2021.
• Confirm whether the company has any off-balance sheet assets, contracts, or intellectual property not reflected in the accounts.
• Clarify the circumstances around the change of director and PSC in early 2025, including any strategic plans or pending transactions.
• Verify if the company is dormant in practice despite active status, and whether it plans to commence trading or is a holding entity.
• Review any related party transactions or investments that might not be captured in micro-entity accounts.