KENDRICK PROPERTIES LIMITED

Executive Summary

Kendrick Properties Limited is a newly formed dormant property company with minimal financial activity and no liabilities, posing low immediate financial risk. Key concerns relate to the lack of trading history, sole director’s background, and full ownership by another corporate entity. Compliance with filing obligations is timely, but further due diligence on business plans and ownership structure is recommended before considering investment.

KENDRICK PROPERTIES LIMITED - Analysis Report

Company Number: 14952112

Analysis Date: 2025-07-29 14:14 UTC

Risk Rating: LOW

Justification: Kendrick Properties Limited is a very recently incorporated company (June 2023) classified as dormant with no trading activity or liabilities reported to date. The financial position is minimal but balanced, reflecting its dormant status and very early stage of operations. There are no overdue filings or signs of distress.

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Key Concerns

1. Dormant Status with Minimal Activity: The company has not yet commenced trading and shows only nominal cash and equity (£1). This means no operational track record exists to assess ongoing business viability or cash generation capability.

2. Single Director with Non-Property Occupation: The sole director is listed as a therapist rather than having a background in property or related industries, which may raise questions about operational expertise in the real estate sector.

3. Ownership Concentration: Control is held entirely (75-100%) by a corporate entity (P.R.A.C. Ltd), which reduces transparency on ultimate beneficial ownership and may carry governance risks if that entity's financial health or intentions are uncertain.

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Positive Indicators

• Compliance with Filing Requirements: Accounts and confirmation statements are filed on time with no overdue submissions or penalties, indicating good compliance and governance practices at this early stage.

• Clear Ownership and Control Structure: The controlling party is identified and registered, which supports transparency and accountability.

• No Liabilities or Debts: The company has no current liabilities or debts, significantly reducing solvency and liquidity concerns at this point.

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Due Diligence Notes

• Investigate the Business Plan and Funding Sources: Since the company is dormant with negligible assets, it is important to verify the business strategy, planned capital injections, and timeline for commencing operations.

• Review the Relationship with P.R.A.C. Ltd: Understand the financial strength and business purpose of the controlling entity to assess potential support or risks.

• Assess Director’s Experience and Role: Clarify the director’s expertise and capacity to manage a property trading company to evaluate operational viability.

• Monitor Future Filings and Activity: Track subsequent accounts and confirmation statements for signs of trading, asset acquisition, or changes in financial position.

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