IGLOOHOUSEUK LIMITED

Executive Summary

IGLOOHOUSEUK LIMITED is currently a dormant private limited company with negligible financial activity and minimal assets. While compliance with filing requirements is maintained, the absence of operational trading and a minimal financial base present significant solvency and liquidity risks. Further due diligence is recommended to assess the company’s plans for activation and financial viability.

IGLOOHOUSEUK LIMITED - Analysis Report

Company Number: 13509824

Analysis Date: 2025-07-20 18:24 UTC

1. Risk Rating: HIGH
   Justification: The company has been dormant since incorporation with minimal financial activity (cash and net assets of £5 consistently over multiple years). There is no substantive trading history or operational data to support ongoing viability or ability to meet financial obligations.

2. Key Concerns:

• Dormant Status: No trading or revenue generation reported, raising questions about operational sustainability and future cash flows.
• Minimal Financial Base: Extremely low cash and net asset balance (£5) indicates no buffer to absorb liabilities or operational costs.
• Single Director and Shareholder Control: 100% ownership and control by one individual may pose governance risks and limit oversight.

3. Positive Indicators:

• Compliance: All statutory filings (accounts and confirmation statements) are up to date with no overdue reports or penalties.
• Active Company Status: The company remains registered and active, which may indicate intent to commence trading or ongoing project development.
• Clear PSC Disclosure: Transparency regarding control and ownership structure is maintained.

4. Due Diligence Notes:

• Investigate business model and plans for moving from dormant to active trading status, including revenue projections and funding sources.
• Review director’s background and capacity to develop the business, especially given sole control and limited financial base.
• Confirm no contingent liabilities or undisclosed debts that could impair solvency once operations begin.