Company Number: 13455317

Analysis Date: 2025-07-20 19:15 UTC

1. Risk Rating: LOW
   The company is currently dormant with minimal financial activity, as evidenced by the unchanged net assets and shareholder funds of £1 over multiple years. There are no overdue filings, and the directors are current with statutory obligations, indicating compliance and low immediate financial risk.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts since incorporation, indicating no trading activity and thus no operating revenue or cash flow. This raises questions about the business viability and future operational plans.
• Minimal Financial Substance: The net assets and shareholders’ funds have remained static at £1 since 2021, showing no capital injection or asset accumulation, which could limit the company’s ability to meet obligations if it were to commence trading.
• Directors and PSCs Residing Abroad: Both directors and persons with significant control reside in Venezuela while the company’s registered address is in England. This cross-border element may pose governance or oversight challenges that warrant further review.

3. Positive Indicators:

• Compliance: The company has timely filed both confirmation statements and dormant accounts, indicating good regulatory compliance and governance.
• Clear Ownership: The PSC register is up to date, with two known individuals holding equal shares and voting rights, providing transparency on control.
• No Signs of Insolvency: There is no indication of liquidation, administration, or other insolvency proceedings, and the company remains active on the register.

4. Due Diligence Notes:

• Investigate the company’s business plan or intentions to commence trading, as prolonged dormancy may affect valuation and risk profile.
• Confirm the nature and stability of the relationship between the directors and the company, especially given the overseas residency and potential challenges in operational oversight.
• Review any off-balance-sheet liabilities or commitments not apparent in dormant accounts that could affect solvency if the company activates operations.