KILLER SALES LIMITED

Risk Rating: HIGH Justification: The company is currently dissolved and has been dormant since at least 2019. It holds negligible assets (£2), generates no revenue, and lacks operational viability. Engagement with this entity carries a total loss risk as it no longer possesses a legal standing to conduct business.

Key Concerns: * Dissolved Status: The most critical concern is that the company is dissolved. A dissolved entity ceases to exist as a legal person, meaning it cannot enter into contracts, own property, or conduct business. Any financial exposure or contractual reliance on this company is irrecoverable under normal circumstances. * Operational Inactivity: The company has filed as dormant since the financial year ending November 2019. Prior to that, it held modest assets (peaking at £3,990 in 2015-2018), but current net assets and cash reserves have flatlined at £2. There is no trading activity, revenue generation, or operational sustainability. * Data Discrepancy: The latest filed accounts include a tag stating "uk-bus:EntityHasNeverTraded". However, the historical financial records show the company holding assets (including cash of £1,388 in 2015) and fluctuating net assets prior to becoming dormant. This discrepancy raises questions about the accuracy of the historical filings or the nature of the pre-2019 financial activity.

Positive Indicators: * Absence of Liabilities: The final balance sheet shows net assets of £2, entirely funded by share capital, with no recorded current or long-term liabilities. This indicates the company was wound down without leaving apparent unpaid debts on the balance sheet. * Statutory Compliance: Despite being dormant and subsequently dissolved, the company maintained its filing obligations up to the point of dissolution. The accounts made up to 30 November 2024 and the confirmation statement made up to 7 February 2025 are not overdue, indicating the directors maintained basic statutory compliance.

Due Diligence Notes: * Verify Dissolution Context: Investigate whether the dissolution was voluntary (e.g., a directors' resolution to strike off) or forced. This will clarify whether the company was closed responsibly or abandoned. * PSC and Ownership Completeness: The PSC register lists Ms Claire Margaret Dyson as owning 25-50% of shares and voting rights. However, Ms Angela Christine Dyson is also an active director. It is necessary to determine who holds the remaining 50-75% of the shares, as this may represent an omission in the PSC register or indicate a specific legal structure. * Director Track Record: Given that the company is dissolved and inactive, any counterparty risk assessment should pivot to evaluating the current active directorships of Ms Claire Dyson and Ms Angela Dyson to determine if they are operating similar consultancy businesses through alternative vehicles.