Company Number: 12921408

Analysis Date: 2025-07-20 13:09 UTC

1. Risk Rating: HIGH
   Justification: The company is currently dormant with minimal net assets (£2) and has a history of negative net current assets and shareholders' funds in prior years. There is no evidence of trading activity or operational revenue, and the company carries significant current liabilities relative to its assets. This profile indicates a high risk of insolvency if the company were to resume trading without substantial capital infusion.

2. Key Concerns:

• Persistent negative working capital in prior active years (2021 and 2023), indicating liquidity strain and inability to meet short-term obligations.
• Minimal share capital and net assets that do not provide a financial buffer or support ongoing operations.
• Dormant status with no recent trading activity raises questions on the company’s operational sustainability and future business plans.

3. Positive Indicators:

• Compliance with filing requirements: accounts and confirmation statements are up to date with no overdue filings or penalties.
• Directors appear stable with no disqualifications or governance issues noted.
• Ownership transparency with a known person of significant control holding between 25-50% shares and voting rights.

4. Due Diligence Notes:

• Verify the reasons for the company’s dormant status and any plans for reactivation or dissolution.
• Investigate the nature and origin of prior liabilities and whether these have been settled or remain outstanding.
• Assess the financial support or commitments from shareholders or associated parties to understand potential capital injections or restructuring plans.
• Confirm absence of contingent liabilities or off-balance sheet obligations that could impact future solvency.