MADE BY YAKS LTD
Executive Summary
MADE BY YAKS LTD is a newly incorporated private limited company currently filing dormant accounts with a nominal capital base of £10. The company shows no trading activity or financial complexity, and it remains compliant with statutory filing requirements. While low risk from a financial distress perspective, the absence of operational data limits assessment of business viability.
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This analysis is opinion only and should not be interpreted as financial advice.
MADE BY YAKS LTD - Analysis Report
Risk Rating: LOW
The company is classified as dormant with minimal financial activity and a very small net asset base (£10). There is no indication of operational trading or liabilities, which suggests minimal risk exposure at this stage.
Key Concerns:
- Dormant Status: The company has filed dormant accounts consistently, indicating no ongoing trading or revenue generation; this raises questions about operational viability and business sustainability.
- Minimal Net Assets and Equity: Shareholders’ funds and net assets stand at only £10, reflecting a nominal capital base without any retained earnings or reserves.
- Lack of Financial Data: Absence of turnover, profit & loss, or cash flow information limits the ability to assess liquidity or solvency beyond the dormant status.
Positive Indicators:
- Compliance with Filing Requirements: All statutory filings including accounts and confirmation statements are up to date and not overdue, indicating good regulatory compliance.
- Active Company Status: The company remains active and is not under liquidation or administration.
- Clear Governance: The accounts are signed by a named director, suggesting governance structures are in place even if the business is not currently trading.
Due Diligence Notes:
- Investigate the company’s intended business plans or reasons for dormancy to assess future operational prospects.
- Confirm no contingent liabilities or off-balance sheet obligations exist despite dormant status.
- Review any related party transactions or investments that may not be reflected in these minimal accounts.
- Monitor for any changes in filing status or commencement of trading activity in future accounts.
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