Company Number: 15477981

Analysis Date: 2025-07-20 12:24 UTC

1. Risk Rating: LOW
   Justification: ICON ASSETS LTD is a newly incorporated private limited company classified as dormant, with minimal financial activity reported and no overdue filings. The financial statements show nominal net assets and shareholder funds at £1, indicating no operational trading or liabilities. The company complies with filing deadlines and maintains a single director with full control.

2. Key Concerns:

• Dormant Status: The company has not commenced trading or operational activities, which means no revenue or cash flows to assess financial health or sustainability at this stage.
• Minimal Financial Data: With net assets and equity at £1, there is no substantive financial base, limiting evaluation of solvency or liquidity.
• Concentrated Control: Ms. Susan Kaur holds 75-100% ownership and voting rights, which may present governance risks if not adequately monitored.

3. Positive Indicators:

• Compliance: All statutory accounts and confirmation statements are filed on time with no overdue submissions, indicating good regulatory adherence.
• Clear Control Structure: Single director and sole shareholder simplifies decision-making and accountability.
• Recent Incorporation: As a new entity, the company has potential flexibility to adopt proper governance and operational structures before commencing trading.

4. Due Diligence Notes:

• Investigate Business Plan: Clarify the timeline and strategy for moving from dormant status to active trading, including funding sources and intended operations.
• Monitor Director Profile: Review background and experience of Ms. Susan Kaur to assess capability and track record in real estate management and development sectors.
• Review Subsequent Filings: For the next 12-18 months, monitor accounts and confirmation statements to identify any changes in financial position or operational status.