LCRA LTD
Company number 09820826 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Risk Assessment: LCRA LTD (09820826)
1. Risk Rating: LOW
The company presents a low overall risk profile, primarily because it has been dormant since incorporation in 2015 and has never traded. Financial exposure is negligible, with net assets of just £14 (issued share capital) and no trading liabilities. However, this rating is qualified by regulatory compliance concerns that require attention.
2. Key Concerns
a) Overdue Confirmation Statement The confirmation statement is marked as overdue, with the next due date of 31 March 2026 having been flagged. This indicates a failure to maintain timely statutory filings, which can result in penalties and ultimately compulsory strike-off by the Registrar if persistent.
b) Incomplete PSC Register The persons with significant control register only contains a generic statement rather than identified individuals. Given the company has four directors, it is expected that one or more would meet the 25%+ shareholding or voting rights threshold. This lack of transparency is a compliance deficiency.
c) Dormancy with No Evident Purpose The company has been dormant for nearly a decade with no indication of intended trading. While not inherently problematic, institutional investors should understand why this entity exists and whether it serves a legitimate purpose (e.g., as a residents' management company for the Linden Close development, consistent with SIC code 98000).
3. Positive Indicators
- No financial leverage: The company carries no debt and has no creditor exposure, with net assets equal to share capital at £14.
- Stable capital structure: Share capital has remained consistent at £14 across all nine years of filed accounts, indicating no dilution or restructuring events.
- Active directorship: Four current directors are registered, suggesting ongoing governance oversight, however minimal.
- Accounts filed and up to date: Annual accounts are not overdue and the latest accounts (to 31 October 2024) were approved on 21 March 2025, within the statutory timeframe.
4. Due Diligence Notes
| Item | Action Required |
|---|---|
| Confirmation Statement | Investigate why this is overdue; confirm whether it has since been filed or if Companies House enforcement action is pending |
| PSC Identification | Request the full PSC register; determine beneficial ownership percentages among the four directors |
| Company Purpose | Clarify whether LCRA LTD is intended to act as a residents' property management company (per SIC 98000) and if so, why it remains dormant |
| Director Backgrounds | Conduct standard checks on all four directors for disqualification orders, other directorships, and potential conflicts of interest |
| Related Entities | Identify whether the directors hold appointments at other companies, particularly property-related entities in the Tadworth/Surrey area |
| Future Intentions | Ascertain whether there are plans to activate the company, which could fundamentally change the risk profile |
| Unpaid Share Capital | The balance sheet shows "called up share capital not paid" of £14, meaning the £14 issued capital remains unpaid by shareholders—confirm whether this is an administrative artifact or an actual receivable |