Company Number: 15258703

Analysis Date: 2025-07-20 17:59 UTC

1. Risk Rating: HIGH
   Given that LICA PROPERTIES LTD is a newly incorporated company (November 2023), currently dormant with minimal financial activity (cash and net assets of £100), and no operating history, the risk of insolvency or liquidity issues is inherently high due to lack of demonstrated operational or financial stability.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts, indicating no trading activity or revenue generation to date, which raises concerns about its immediate operational viability and cash flow prospects.
• Minimal Capitalization: Shareholders’ funds and net assets stand at only £100, which is nominal and insufficient to support any meaningful business operations or absorb unexpected liabilities.
• Lack of Financial History: With no trading history or financial performance data, there is no basis to assess profitability, cash flow adequacy, or debt servicing capability.

3. Positive Indicators:

• Compliance with Filings: The company has timely filed both accounts and confirmation statements with no overdue filings or penalties, reflecting sound regulatory compliance so far.
• Clear Ownership and Management: The two directors and PSCs are identified, British nationals, and appear aligned with the company’s location, indicating a straightforward governance structure.
• Industry Classification: The SIC code 68209 places it in real estate letting and operating, a sector with potential for long-term asset value appreciation, assuming future operational activity.

4. Due Diligence Notes:

• Confirm Business Plan and Funding: Investigate whether the company has secured financing or investment to commence operations and its intended business strategy in property letting.
• Monitor Future Accounts: Review next sets of filed accounts for signs of trading activity, revenue generation, and capital injections to assess operational progress.
• Verify Director Backgrounds: Conduct background checks on directors for any past insolvency or regulatory issues that could pose governance risks.