ITK LTD

Executive Summary

ITK LTD is a newly formed dormant company with minimal financial history and resources, presenting a high risk for investment due to uncertainty around its operational commencement and financial viability. The company shows compliance with filing requirements, but with only nominal equity and cash, further investigation into its business plans and funding is essential before considering any financial exposure.

ITK LTD - Analysis Report

Company Number: 15675733

Analysis Date: 2025-07-29 20:20 UTC

1. Risk Rating: HIGH
   Justification: ITK LTD is a newly incorporated dormant company with minimal financial activity, no recorded revenues or liabilities, and only nominal cash and equity (£1,000). The absence of trading history and financial performance data significantly limits assessment of future solvency or liquidity. As such, there is high uncertainty and risk from an investment perspective.

2. Key Concerns:

• Lack of operational history: The company has filed dormant accounts with no income or expenses, indicating it has not yet commenced trading or generated cash flow.
• Minimal financial resources: Cash balance and net assets stand at only £1,000, which is insufficient to meet any operating expenses or obligations beyond nominal fees.
• Single controller risk: One individual, Mr. Leon Myers, holds 75-100% shares and voting rights, concentrating control and decision-making, which could present governance risk without broader oversight.

3. Positive Indicators:

• Compliance: The company is up to date with statutory filings (accounts and confirmation statements) and is not overdue on any regulatory submissions.
• Clear ownership and governance: The director and sole controlling shareholder are identified, with no adverse records noted.
• Defined SIC codes: The company is classified under business support services and software development, sectors with growth potential, indicating a clear intended business focus.

4. Due Diligence Notes:

• Investigate the company’s business plan or strategy to understand the timeline for commencing trading and expected capital requirements.
• Confirm if there are any external funding commitments or shareholder loans planned to support initial operations.
• Review director background in more detail for relevant experience in the intended industry and financial management.
• Monitor future filings for commencement of trade and financial performance data to reassess risk profile.