Company Number: 12742226

Analysis Date: 2025-07-20 11:23 UTC

1. Risk Rating: HIGH

Justification: The company is dormant with negligible assets and virtually no cash balance (£1), minimal shareholder funds (£2), and no operational revenues or trading activity reported. Historical data shows significant negative net assets and current liabilities in the first year, indicating prior financial distress. The absence of trading and minimal financial activity pose a high risk to solvency and operational sustainability.

2. Key Concerns:

• Dormant Status with Minimal Financial Activity: The company has been dormant for recent years, suggesting no active business operations or revenue generation, raising questions about future viability.
• Historically Negative Net Assets: The initial financial year ended with substantial negative net assets (-£18,566) and current liabilities (£17,019), reflecting prior financial difficulties.
• Extremely Low Cash and Equity Base: With only £1 cash and £2 in shareholders’ funds in the latest accounts, liquidity is effectively non-existent, posing challenges to meet any obligations or fund operations if activated.

3. Positive Indicators:

• No Overdue Filings: The company’s accounts and confirmation statements are up to date, evidencing compliance with statutory filing requirements.
• Single Controlling Shareholder/Director: Kieran Joseph Iyer holds full control and is the sole director, simplifying governance and decision-making.
• Exemption Claimed Properly: Accounts have been prepared under dormant company exemption provisions, indicating adherence to relevant accounting standards for non-trading entities.

4. Due Diligence Notes:

• Investigate the reason for the company’s dormancy and any plans for future trading or business activities.
• Clarify the nature and extent of the liabilities recorded in the initial financial year and how these have been resolved or written off.
• Confirm whether any contingent liabilities or off-balance sheet obligations exist that could impact solvency if the company resumes operations.