JOSHUA MICHAEL PROPERTIES LTD

Executive Summary

Joshua Michael Properties Ltd is a dormant private limited company with minimal financial activity and nominal net assets, reflecting high solvency and liquidity risks. While it remains compliant with filing obligations and active in status, the lack of operational data and control disclosures raise concerns about its sustainability and transparency. Further due diligence is necessary to understand ownership, future intentions, and any off-balance sheet considerations.

JOSHUA MICHAEL PROPERTIES LTD - Analysis Report

Company Number: 12667037

Analysis Date: 2025-07-20 18:23 UTC

1. Risk Rating: HIGH
   Given the company's dormant status with minimal financial activity, extremely low asset base (£1 net assets), and no operating revenues or liabilities reported, solvency and liquidity risks are inherently elevated. The absence of meaningful financial operations raises substantial uncertainty about operational stability and financial viability.

2. Key Concerns:

• Dormant Status: The company has been dormant, indicating no trading activity or revenue generation, which questions ongoing business sustainability.
• Minimal Financial Footprint: Total assets and equity stand at £1, with no reported liabilities or cash reserves beyond nominal share capital. This suggests no operational funds or financial buffer for obligations.
• Lack of Transparency on Control: No persons with significant control (PSC) are disclosed, limiting insight into ownership structure and governance.

3. Positive Indicators:

• Compliance with Filings: The company is up to date with statutory filings, including accounts and confirmation statements, with no overdue returns or penalties, indicating adherence to regulatory obligations.
• Active Status: The company remains active and not in liquidation or administration, which means it is not currently in formal distress or closure processes.
• Small Scale Entity: Being a small private limited company with minimal filing requirements, the administrative burden and fixed costs may be low, potentially reducing financial strain.

4. Due Diligence Notes:

• Investigate the rationale for dormant status and intended future business plans or reactivation prospects.
• Verify existence and identity of persons with significant control to assess governance and potential financial backing.
• Confirm whether the company holds any off-balance sheet assets, real estate holdings, or contingent liabilities not reflected in the accounts.
• Clarify if the company has any related party transactions or commitments that could impact its financial position.
• Review director’s intentions and funding sources given the nominal capital and asset base.