LOCAL MEDIA LTD

Executive Summary

LOCAL MEDIA LTD is a dormant private limited company with minimal financial activity and nominal net assets, presenting low immediate financial risk. The company maintains good compliance with filing requirements, though limited operational data restricts assessment of future viability. Further inquiry into ownership and intended business plans is recommended to clarify long-term prospects.

LOCAL MEDIA LTD - Analysis Report

Company Number: 12504565

Analysis Date: 2025-07-29 12:42 UTC

1. Risk Rating: LOW
   The company is classified as dormant, with minimal financial activity and negligible net assets. There is no indication of financial distress or overdue filings, suggesting very low immediate risk.

2. Key Concerns:

• The company has not traded since incorporation, reflected by consistently nominal net assets (£1) and dormant accounts status. This raises questions about operational viability or business activity.
• Absence of meaningful financial data limits assessment of solvency and liquidity beyond the dormant status.
• No identified persons with significant control (PSC) listed, which may warrant clarification regarding ownership structure and control.

3. Positive Indicators:

• Company status is active, with all statutory filings (accounts and confirmation statements) submitted on time and no overdue returns.
• Director remains in place with no adverse records or disqualifications evident.
• Compliance with Companies Act requirements demonstrated through proper filing of dormant accounts and adherence to small companies regime.

4. Due Diligence Notes:

• Confirm the reason for dormancy and whether the company intends to commence trading in the foreseeable future.
• Verify the ownership structure and clarify why no PSC information is filed; ensure compliance with PSC regulations.
• Investigate any contingent liabilities or commitments not disclosed in dormant accounts, if relevant to potential reactivation or sale.