IQRA CAPITAL LIMITED

Risk Rating: HIGH Justification: The company exhibits severe regulatory non-compliance, with both annual accounts and confirmation statements significantly overdue. Furthermore, the registered address has reverted to the "Companies House Default Address," which typically indicates that the company has failed to maintain a valid registered office and may be facing imminent compulsory strike-off. These administrative failures completely obscure the company's current financial position.

Key Concerns: * Severe Regulatory Non-Compliance: Accounts are nearly three years overdue, and the confirmation statement is also overdue. The registered address is a system default, indicating a breakdown in statutory administration and a high probability that the company will be dissolved compulsorily by the Registrar. * Total Lack of Financial Transparency: The most recent financial data available is from March 2019. In the real estate sector (SIC 68100), market conditions, asset valuations, and debt structures can shift significantly over a four-year period, rendering the historical data irrelevant for assessing current solvency. * Concentrated Control and Key-Person Risk: The company is wholly controlled by a single individual (Mr. Sajjadur Aziz Malik) who holds over 75% of shares and voting rights and serves as the sole director. This concentration, combined with zero employees, creates significant governance risks and operational dependency on one individual, who appears to be currently disengaged from statutory duties.

Positive Indicators: * Historical Solvency Recovery: As of the last filed accounts (2019), the company had successfully transitioned from a period of negative net assets (2015-2017) to a positive net asset position of £530,716. * Strong Historical Short-Term Liquidity: In 2019, current assets (£212,447) vastly exceeded current liabilities (£1,018), indicating that the company had no immediate short-term debt pressures at that time. * Asset-Backed Balance Sheet: The company's business activity (buying and selling of own real estate) means that its assets are tangible. In 2019, fixed assets totaled £579,118, providing theoretical collateral value against the long-term creditors of £259,831.

Due Diligence Notes: * Statutory Status: Immediately verify the current status of the company on the Companies House register to determine if a compulsory strike-off process has been initiated or if dissolution notices have been published. * Property Portfolio Verification: Conduct Land Registry searches to ascertain the current status of the company's real estate holdings. It is critical to determine if the properties recorded as fixed assets in 2019 are still owned by the company or have been disposed of, and whether any new charges or debentures have been registered against them since 2019. * Creditor Analysis: Investigate the nature of the long-term creditors (£259,831 in 2019). Given the structure of the company and the micro-entity reporting, it is necessary to establish whether this debt is related to external commercial financing (e.g., mortgages) or if it represents director/related-party loans which could complicate the capital structure. * Director Conduct: Review the director's other current and historical directorships to identify any patterns of serial non-compliance or dissolved entities.