LAST MILE DESPATCH LTD

Executive Summary

LAST MILE DESPATCH LTD is a newly incorporated dormant private limited company with minimal financial activity and strong compliance with statutory requirements. Current risk is low due to lack of trading; however, the absence of operational data and negligible net assets warrant monitoring if the company intends to start business operations. Further due diligence should focus on the business plan and director expertise to assess future sustainability.

LAST MILE DESPATCH LTD - Analysis Report

Company Number: 14863885

Analysis Date: 2025-07-20 17:37 UTC

1. Risk Rating: LOW
   The company is classified as dormant with minimal financial activity and negligible net assets (£100). There is no indication of financial distress or overdue statutory filings. Given the company’s very recent incorporation and dormant status, solvency and liquidity risks are presently minimal.

2. Key Concerns:

• Dormant status indicates no trading activity to generate revenues or cash flow, which limits operational sustainability if the company intends to commence business soon.
• Extremely low net assets (only £100) provide no financial cushion against unexpected liabilities or startup costs.
• The single director and sole significant controller may represent governance concentration risk, although this is common in micro private companies.

3. Positive Indicators:

• The company is fully compliant with filing deadlines for accounts and confirmation statements, demonstrating good regulatory compliance.
• Clear ownership and governance structure with Mr. Kenneth Stephens holding full control and acting as director.
• No evidence of insolvency proceedings or overdue statutory requirements.

4. Due Diligence Notes:

• Verify the company’s business plan and anticipated timeline to commence trading, as dormant status means no current operational data.
• Investigate the director’s background and experience relevant to freight transport by road (SIC 49410) to assess operational capability.
• Monitor future filings for signs of financial activity, changes in net assets, or additional directors/management to evaluate emerging risk profiles.