IT INNOVATION TECHNOLOGY LTD

Executive Summary

IT INNOVATION TECHNOLOGY LTD is a dormant private limited company with minimal financial resources and no trading activity since incorporation in 2022. While the company complies with filing deadlines and maintains clear ownership, the absence of operational data and limited liquidity present a high risk from an investment perspective. Further investigation into the director’s business intentions and capacity, as well as the company’s future plans, is recommended before considering any engagement.

IT INNOVATION TECHNOLOGY LTD - Analysis Report

Company Number: 14355362

Analysis Date: 2025-07-29 12:28 UTC

1. Risk Rating: HIGH
   Given the company’s dormant status with negligible financial activity and minimal net assets (£1), there is a high risk concerning its ability to meet any financial obligations or sustain operations.

2. Key Concerns:

• Dormant Status with No Trading Activity: The company has been dormant since incorporation, showing no revenue or operational data, which implies no current business activity or income generation.
• Minimal Financial Resources: Cash and net assets stand at £1, indicating no liquidity or capital buffer to support operations or liabilities.
• Single Director/Shareholder with Student Occupation: The sole director and 100% owner is listed as a student with no evident business background, raising questions about operational management and governance experience.

3. Positive Indicators:

• Compliance with Filing Requirements: The company has filed dormant accounts and confirmation statements on time, indicating adherence to regulatory obligations.
• Clear Ownership and Control Structure: Ownership and control are transparent, with a single individual holding all shares and voting rights, simplifying decision-making processes.
• No Overdue Filings or Insolvency Proceedings: The company is active and not in liquidation, administration, or receivership, and no filings are overdue.

4. Due Diligence Notes:

• Investigate Business Model and Future Plans: Clarify the intended business activities given the company’s multiple SIC codes (freight transport, retail sales, IT retail), which appear incongruent with the dormant status.
• Assess Director’s Capability and Commitment: Evaluate the director's background, expertise, and capacity to manage a commercial enterprise effectively.
• Review Reasons for Dormant Status: Understand why the company remains dormant since incorporation and whether there are plans or barriers to commencing trading activities.