Company Number: 13260329

Analysis Date: 2025-07-20 18:06 UTC

1. Risk Rating: HIGH
   The company exhibits a high risk profile primarily due to its extremely limited financial scale, negligible assets, and lack of operating scale or turnover information. The micro-entity accounts show minimal current assets and net assets (£251), which is insufficient to indicate meaningful solvent capacity or operational viability.

2. Key Concerns:

• Insufficient Financial Resources: Net assets and current assets remain at a nominal £251 for the last three years, suggesting minimal business activity or capitalization, raising doubts about the ability to meet obligations.
• Lack of Revenue and Profit Data: No turnover or profit figures are provided, implying little or no trading activity, which raises sustainability and liquidity concerns.
• Single Director and Shareholder Control: Mr. Joseph Patrick Roe holds full ownership and directorship, which concentrates control but also creates governance risk if not supported by broader management or oversight.

3. Positive Indicators:

• Compliance with Filing Obligations: The company is current with both accounts and confirmation statement filings, indicating regulatory compliance and no immediate governance red flags.
• No Overdue Liabilities Reported: Current liabilities are either zero or negligible, and the company is not in liquidation or administration.
• Clear Ownership and Control: Transparent PSC information identifies a sole controlling individual, simplifying accountability.

4. Due Diligence Notes:

• Investigate the company’s business model and revenue generation to understand operational viability beyond the minimal balance sheet.
• Review cash flow statements if available and inquire about any off-balance-sheet liabilities or financial support arrangements.
• Assess the director’s background and plans for the company, especially given the concentration of control and minimal financial substance.
• Verify whether the company is currently trading or dormant, as the micro-entity filings suggest limited activity.