HOBAK CONNECT LTD

Executive Summary

HOBAK CONNECT LTD is a recently incorporated dormant company with no trading activity and minimal financial footprint, resulting in a low immediate risk profile. The company maintains timely statutory filings and has clear ownership structure, though the lack of operational history and minimal net assets warrant monitoring. Further inquiry into the company's future trading intentions and director changes is recommended for a comprehensive risk assessment.

HOBAK CONNECT LTD - Analysis Report

Company Number: 15121261

Analysis Date: 2025-07-29 12:35 UTC

1. Risk Rating: LOW
   HOBAK CONNECT LTD is a newly incorporated private limited company currently classified as dormant, with minimal financial activity and no overdue filings. Given the dormant status and clean compliance record, immediate financial risk appears low.

2. Key Concerns:

• Dormant Status: The company has not commenced trading or incurred transactions, so there is no operational or financial performance history to assess sustainability.
• Minimal Net Assets: With net assets and shareholder funds of only £1, the company has negligible financial resources to meet liabilities if they arise.
• Director Turnover: One director resigned within less than two years of incorporation, which may warrant inquiry into governance or strategic decisions.

3. Positive Indicators:

• Compliance: No overdue accounts or confirmation statements; filings are current and timely.
• Clear Ownership: Two directors each hold 25-50% ownership and voting rights, suggesting balanced control and transparency in shareholding.
• No Liabilities or Debts: As a dormant company, no liabilities or financial obligations are reported, eliminating immediate solvency concerns.

4. Due Diligence Notes:

• Confirm the company's plans to commence trading and obtain forecasts or business plans to assess future operational stability.
• Investigate the reason for the director resignation and any impact on company governance or strategic direction.
• Monitor for any future filings indicating financial activity or changes in solvency status.