Company Number: 12744886

Analysis Date: 2025-07-29 18:58 UTC

1. Risk Rating: HIGH
   The company shows persistent net liabilities, negative net current assets, and no operating activity, which collectively indicate significant solvency and liquidity risks.

2. Key Concerns:

• Consistent Negative Net Assets: The company has reported net liabilities of £130 each year since incorporation, indicating it is insolvent on a balance sheet basis.
• Dormant Status with No Revenue: The company is classified as dormant with zero employees and no trading activity, suggesting no operational cash flow to support obligations.
• Minimal Share Capital and Equity Deficit: With only £10 share capital and cumulative negative reserves, there is negligible equity buffer to absorb losses or debts.

3. Positive Indicators:

• Up-to-Date Filings: Accounts and confirmation statements are filed on time with no overdue filings, demonstrating regulatory compliance.
• Clear Ownership and Management: Ownership is transparent with a single controlling person and a recently appointed director, which may facilitate decision-making.
• No Formal Insolvency Proceedings: The company remains active and is not in liquidation, administration, or receivership.

4. Due Diligence Notes:

• Investigate the business plan or rationale for maintaining this dormant entity with persistent negative net assets.
• Confirm if there are any intercompany liabilities or related party transactions not disclosed that could affect solvency.
• Assess whether there are plans or capital injections anticipated to address the negative equity position.
• Verify the accuracy and completeness of the financial information given the minimal activity and low balances.