Company Number: 14417801

Analysis Date: 2025-07-29 18:14 UTC

1. Risk Rating: HIGH

Justification: Lazorberry Ltd has been dormant since incorporation in October 2022 with minimal financial activity (net assets and shareholder funds remain at £100). The company has not traded, reported no revenue, and has no meaningful balance sheet or profit and loss data to assess operational viability. This very limited financial footprint combined with the company’s recent formation indicates a high risk that it is not currently operational or generating cash flow.

2. Key Concerns:

• Dormant Status: The company is classified as dormant, indicating no trading or business operations, raising concerns about sustainability and ability to meet obligations.
• Minimal Net Assets: Assets and equity are nominal (£100), providing no buffer against liabilities or unexpected financial demands.
• Single Director and PSC Concentration: One individual (Ibrahim Elido) holds full control and is also the company secretary, which could pose governance and oversight risks.

3. Positive Indicators:

• Compliance: The company is up to date with statutory filings, including dormant accounts and confirmation statement, with no overdue filings or penalties.
• Clear Ownership: The ownership structure is transparent, with a single PSC controlling 75-100% of shares and voting rights, simplifying accountability.
• No Indication of Insolvency: There are no signs of liquidation, administration, or receivership proceedings.

4. Due Diligence Notes:

• Investigate the company’s business plan and intentions given the dormant status and lack of trading history.
• Verify whether the company has any off-balance sheet liabilities or commitments not reflected in the dormant accounts.
• Assess the background and reputation of the sole director and PSC for any past governance or financial issues.
• Confirm the rationale for maintaining the company and any planned future activities.