Company Number: 15218880

Analysis Date: 2025-07-20 18:38 UTC

1. Risk Rating: LOW

   Justification: The company is newly incorporated (October 2023), currently active, and classified as dormant with minimal financial activity reported. There are no overdue filings or indications of financial distress at this stage.

2. Key Concerns:

   • Dormant Status: The company has filed dormant accounts with nominal assets (cash £1, net assets £1), indicating no trading activity or operational revenue, which limits insight into operational sustainability.
   • Limited Financial History: With only one financial year completed and no trading results, there is insufficient data to assess solvency or liquidity beyond the nominal balance sheet.
   • Ownership Concentration: 75-100% ownership and control by a single corporate entity (Ip Properties Limited) may imply limited external governance or minority shareholder protections.

3. Positive Indicators:

   • Compliance with Filing Requirements: Accounts and confirmation statement are up to date with no overdue filings, reflecting good regulatory compliance.
   • Clear Governance Structure: Two named directors with identifiable addresses and no indications of disqualification or governance issues.
   • Low Complexity and Risk Exposure: Dormant status and small scale reduce immediate financial risk and exposure to operational liabilities.

4. Due Diligence Notes:

   • Verify the strategic intent behind the dormant status — whether the company is a holding vehicle or awaiting activation.
   • Review the parent company (Ip Properties Limited) for financial strength and governance, as it exercises full control.
   • Monitor future filings for transition from dormant to active status and review subsequent financial statements for trading performance and cash flow.