HEXAGON GOLD LIMITED

Executive Summary

HEXAGON GOLD LIMITED demonstrates very limited financial activity and no asset base since incorporation in 2021, creating a high risk profile for solvency and operational sustainability. While compliance filings are current, the absence of employees, fixed assets, and net assets warrants further investigation into the company’s business purpose and cash flow. Investors should exercise caution and seek clarity on the company’s underlying operations and financial support mechanisms.

HEXAGON GOLD LIMITED - Analysis Report

Company Number: 13466348

Analysis Date: 2025-07-29 12:19 UTC

1. Risk Rating: HIGH

The company shows no recorded assets, liabilities, or equity over its entire reporting history, with zero turnover except a minimal £5,064 in 2023. There is no indication of operational activity or financial substance, creating significant risk regarding its ability to meet obligations or sustain operations.

2. Key Concerns:

• Lack of Financial Substance: Consistently zero net assets, shareholders’ funds, and current assets indicate no tangible financial base.
• Minimal Trading Activity: Turnover of only £5,064 in one year and zero in others suggests negligible revenue generation.
• No Employees or Operational Footprint: The company reports no employees and no fixed assets, implying no ongoing business operations.

3. Positive Indicators:

• Up-to-date Filings: All statutory accounts and confirmation statements are filed on time, showing compliance with regulatory obligations.
• Single Director and Sole Owner: Clear control structure with one director and sole 75-100% shareholder may allow swift decision-making.
• Active Status: The company remains registered as active and not under liquidation or administration.

4. Due Diligence Notes:

• Investigate the nature and purpose of the company’s business activities given the SIC code “Other business support service activities not elsewhere classified” but no financial or operational activity.
• Clarify the source and nature of the £5,064 turnover recorded in 2023 and why it did not persist or translate into assets or equity.
• Review cash flow and funding arrangements, including whether external loans or director advances exist but are unrecorded.
• Assess director’s intentions and plans for the company given the lack of financial substance and activity since incorporation.
• Confirm no undisclosed liabilities or contingent risks exist off balance sheet.