Company Number: 15586951

Analysis Date: 2025-07-20 11:03 UTC

1. Risk Rating: LOW
   Given that LIMITLESS PROGRESSION LTD is a newly incorporated dormant company with no trading activity or financial transactions to date, the immediate financial risk is low. The company’s accounts show nominal figures consistent with a dormant status, indicating no operational or financial distress at this stage.

2. Key Concerns:

• Dormant Status Limits Financial Insight: The company has not commenced trading, so there is no financial performance or cash flow data to evaluate operational viability or creditworthiness.
• Single Shareholder Control via Nominee: Ownership is held 75-100% by a nominee company (Nominee Solutions Limited), which may obscure beneficial ownership details and complicate transparency.
• Lack of Operational History: Incorporated very recently (March 2024), the company lacks any operational track record to assess sustainability or management effectiveness.

3. Positive Indicators:

• Timely Compliance: All statutory filings including accounts and confirmation statements are up to date, indicating good regulatory compliance and governance practices to date.
• Simple Capital Structure: Share capital is minimal and straightforward, minimizing complexity in equity structure.
• Clear Director Appointment: A single director, Mladen Blaga, is appointed without any adverse records noted, suggesting no immediate governance red flags.

4. Due Diligence Notes:

• Confirm the ultimate beneficial ownership behind Nominee Solutions Limited to assess control and potential risks.
• Monitor future filings for commencement of trading activities, financial performance, and any changes in director or shareholder structure.
• Review any contractual commitments or liabilities that may arise once the company becomes active.
• Assess the background and reputation of the director, especially given the company’s dormant status to date.