JUNE ENGAGEMENTS LTD

Executive Summary

JUNE ENGAGEMENTS LTD presents a high risk profile due to its dormant status and near-zero reported assets despite prior substantial cash reserves. While compliance filings are up to date and the company is not in formal insolvency, the lack of operational activity and concentrated control raise significant concerns for financial stability and liquidity. Further detailed inquiry into the company’s recent financial changes and governance is recommended before considering investment exposure.

JUNE ENGAGEMENTS LTD - Analysis Report

Company Number: 13115349

Analysis Date: 2025-07-20 11:44 UTC

1. Risk Rating: HIGH
   The company is currently dormant with minimal reported assets (£1 net assets in the latest filings) despite previously showing significant cash reserves (£450,000 in 2022). This dramatic reduction without explanation raises concerns about solvency and financial stability.

2. Key Concerns:

• Dormant Status with Prior Cash Reserves: The transition from £450,000 cash in 2022 to effectively zero assets in 2025 suggests cessation of trading or asset disposal, increasing the risk of inability to meet obligations if operations resume.
• Minimal Asset and Equity Reporting: Net assets and shareholders funds reported as £1 in recent years indicate no substantive financial activity or asset base, raising liquidity and operational viability concerns.
• Single Director and Shareholder Control: Sole control by one individual (Mr. Dunne) can concentrate risk, particularly without additional governance oversight, which may impact operational and regulatory robustness.

3. Positive Indicators:

• Up to Date Filings: No overdue accounts or confirmation statements; compliance with Companies House obligations is current.
• Significant Initial Share Capital: The company was initially capitalised at £2.5 million, indicating substantial initial funding capability.
• Active Status: The company remains active and not in liquidation or administration, leaving open the possibility of future operational use or restructuring.

4. Due Diligence Notes:

• Investigate the reason for the drastic reduction in cash and assets from 2022 to 2025 and whether any liabilities or contingent obligations exist off-balance sheet.
• Confirm if the company’s dormancy status is permanent or temporary, and whether any business plans or investments are underway.
• Review governance practices given sole director/shareholder control and assess any related party transactions or conflicts of interest.
• Examine any recent or pending regulatory filings beyond annual accounts, including tax or VAT status, to identify hidden compliance issues.