LOOKOUT LOUNGE LIMITED

Executive Summary

Lookout Lounge Limited is a dormant newly formed private company with negligible financial activity and minimal net assets, yielding significant solvency and liquidity risks. While regulatory compliance is current and governance structures appear in place, the absence of operational data precludes assessment of business viability. Further due diligence on the company's trading plans and management credentials is essential to ascertain future risk.

LOOKOUT LOUNGE LIMITED - Analysis Report

Company Number: 14720046

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

1. Risk Rating: HIGH
   The company is newly incorporated (March 2023), dormant with minimal financial activity (cash balance £2, net assets £2), and has no trading history or income reported. This places the company at high risk from a solvency and liquidity perspective as there is no evidence of operational cash flow or financial substance.

2. Key Concerns:

• Dormant status with only £2 cash and net assets indicates no current trading or revenue generation, raising solvency and liquidity concerns.
• Lack of historical financial data and absence of a profit and loss account prevent assessment of operational stability or business model viability.
• Control concentrated in two directors holding equal significant control (25-50%), which could pose governance risks if not balanced by broader management or oversight mechanisms.

3. Positive Indicators:

• The company is compliant with filing deadlines for both accounts and confirmation statements, showing adherence to regulatory requirements.
• Directors have formally approved accounts with acknowledgment of statutory responsibilities, indicating governance awareness.
• The business is classified in event catering (SIC 56210), a sector with potential for growth post-pandemic, though this is unproven without operational data.

4. Due Diligence Notes:

• Investigate the business plan, funding sources, and timeline for commencement of trading to assess future cash flow prospects.
• Confirm the background and track record of the directors in the event catering industry to evaluate management capability.
• Monitor forthcoming filings for first trading accounts and any disclosures on operational developments or capital injections.