HYDROGENIX LTD

Executive Summary

HYDROGENIX LTD is a dormant private limited company with minimal capitalization and no recorded trading activity since incorporation in 2020. While compliant with filing requirements and governance standards, its lack of operational performance and financial substance presents a high risk profile for potential investors. Further inquiry into the company’s strategic plans and shareholder intentions is advised before considering investment.

HYDROGENIX LTD - Analysis Report

Company Number: SC684520

Analysis Date: 2025-07-29 19:38 UTC

1. Risk Rating: HIGH

Justification: The company has been dormant since incorporation in December 2020, with no trading activity or financial transactions reported. Net assets and shareholders' funds remain nominal at £100 over multiple years, indicating no operational business or revenue generation. This suggests an inability to generate cash flow or meet financial obligations from operating activities.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts consistently, implying no active business operations or income streams, raising concerns about sustainability and operational viability.
• Minimal Capitalization: Share capital and net assets are at a minimal level (£100), offering limited financial buffer or resources to meet liabilities or support business growth.
• Lack of Financial Information: Absence of detailed financial statements or performance data prevents assessment of liquidity, profitability, or solvency beyond the nominal balance sheet.

3. Positive Indicators:

• Compliance: The company is current with all statutory filings, including accounts and confirmation statements, with no overdue submissions or penalties.
• Stable Governance: The director and secretary appointments are clearly documented and up to date, with no indications of director disqualifications or governance issues.
• Clear Company Status: The company is active and not in liquidation or administration, suggesting no immediate insolvency proceedings.

4. Due Diligence Notes:

• Investigate Business Plans: Clarify the company’s intended operations and timeline for commencing trading to assess future viability.
• Review Shareholder Intentions: Understand the roles and investment plans of significant shareholders, particularly the controlling director.
• Confirm Absence of Liabilities: Verify if there are any contingent liabilities or off-balance-sheet obligations that could impact solvency.