IPC GROUP LTD

Executive Summary

IPC Group Ltd is a dormant private limited company with minimal financial activity and nominal net assets, indicating limited operational and financial activity since incorporation. The drastic reduction in cash and presence of long-term creditors, despite dormant status, raise solvency and liquidity concerns. While compliance with filing obligations is satisfactory, the company’s business sustainability and financial robustness remain highly uncertain and warrant further investigation.

IPC GROUP LTD - Analysis Report

Company Number: 13666743

Analysis Date: 2025-07-19 12:23 UTC

1. Risk Rating: HIGH

Justification: IPC Group Ltd is classified as a dormant company with minimal financial activity since incorporation in 2021. The latest accounts show nominal net assets (£10) and very limited current assets (£69 in 2024), with a significant reduction in cash compared to prior years. The company has no trading income or expenses, indicating no operational activity. The presence of creditors falling due after more than one year (£59 in 2024) despite dormant status raises concerns regarding solvency and liquidity if the company were to commence operations. Overall, the financial data suggest very limited financial robustness or operational stability at this stage.

2. Key Concerns:

• Dormant status with no trading activity or income for multiple years, raising questions about business viability and sustainability.
• Extremely low net assets and working capital with a drastic decrease in cash from £28,400 in 2023 to £59 in 2024, suggesting liquidity constraints.
• Presence of long-term creditors (£59) despite dormant status, which may indicate unresolved liabilities or funding arrangements that could impact solvency if activated.

3. Positive Indicators:

• The company is fully compliant with filing requirements for accounts and confirmation statements, with no overdue filings or penalties.
• Ownership and control are transparent, with a single known significant shareholder and director, reducing governance complexity.
• The director affirms going concern basis in the accounts, although this appears to be based on limited operational data.

4. Due Diligence Notes:

• Investigate the nature and terms of the creditors classified as falling due after more than one year, particularly given the dormant status.
• Clarify the company’s intended business plans and source of future funding to assess prospects for operational activity and financial sustainability.
• Confirm any contingent liabilities or off-balance sheet arrangements not apparent in the filleted accounts.
• Review director and shareholder backgrounds for any external risks or dependencies, though no disqualifications or governance issues were noted.