KILMURRAY DEVELOPMENTS LIMITED

Executive Summary

Kilmurray Developments Limited is a recently incorporated, small private company with nominal assets and no apparent trading activity. While it maintains regulatory compliance, the financial data reveals significant solvency and liquidity risks due to the absence of operational substance. Further due diligence is essential to clarify the company’s role within its group and its future business prospects.

KILMURRAY DEVELOPMENTS LIMITED - Analysis Report

Company Number: 13937617

Analysis Date: 2025-07-29 19:25 UTC

1. Risk Rating: HIGH
   Justification: The company shows extremely limited financial activity and asset base, with only £100 in cash and net assets reported consistently over two years. No revenue, profit, or operational data is disclosed, indicating minimal or no trading activity. This raises significant solvency and liquidity concerns given the lack of financial substance.

2. Key Concerns:

• Minimal current assets and net assets (£100), suggesting an absence of meaningful working capital or operational funding.
• No employees and no profit and loss account filed, implying no trading or business operations to generate cash flow.
• Sole control by a parent entity (Kilmurray Group Limited) with 75-100% ownership, which may indicate the company functions primarily as a holding or shell entity rather than an active business.

3. Positive Indicators:

• The company is active and compliant with filing deadlines for accounts and confirmation statements, reducing regulatory compliance risk.
• No overdue filings or penalties noted, which reflects good governance and management discipline in statutory obligations.
• Clear ownership and directorship structure with an identifiable director and PSC, aiding transparency.

4. Due Diligence Notes:

• Investigate the company’s business model and purpose given the SIC code “Activities of construction holding companies” but no operational evidence in accounts.
• Confirm intercompany relationships and any financial support or guarantees from Kilmurray Group Limited to assess contingent liabilities or funding commitments.
• Review any off-balance sheet arrangements or related party transactions that may not be apparent in the minimal accounts.
• Assess future plans or pipeline for trading activity to evaluate sustainability and prospects beyond a dormant or shell status.