Company Number: 13276120

Analysis Date: 2025-07-29 15:06 UTC

1. Risk Rating: HIGH
   The company is classified as dormant with negligible financial activity and minimal net assets (£1). Such a position indicates that it is not currently operational and has no revenue or cash flow, which poses high risk from a solvency and liquidity perspective.

2. Key Concerns:

• Dormant Status: The company has been dormant since incorporation with no trading activity, implying no operational revenue or business development.
• Minimal Financial Resources: Cash and net assets are consistently at £1, reflecting an absence of financial buffer to meet obligations or fund operations.
• Control and Ownership Concentration: Ownership and voting rights are held almost entirely by one individual and a related entity, which may pose governance and control risks if the entity is intended to be active in the future.

3. Positive Indicators:

• Compliance with Filings: The company has filed its dormant accounts and confirmation statements on time without overdue notices, showing regulatory compliance.
• Clear Corporate Structure: Directors and secretary are appointed and identified; governance structure appears straightforward.
• No Insolvency Proceedings: The company is not in liquidation, administration, or receivership, indicating no immediate distress proceedings.

4. Due Diligence Notes:

• Investigate the strategic intent behind maintaining the dormant company—whether it is a holding vehicle, shell for future operations, or inactive asset.
• Assess any off-balance sheet liabilities or contingent risks that are not reflected in dormant accounts.
• Verify the relationship and financial position of the controlling PSC entities to understand potential support or risk transfer.
• Confirm no undisclosed trading or financial activity has occurred which would affect the dormant status and risk profile.