Company Number: SC662709

Analysis Date: 2025-07-29 14:34 UTC

1. Risk Rating: HIGH

Justification: MA&T LIMITED is a dormant company with negligible financial activity, minimal assets (£1 cash and net assets), no operating history or revenue, and only one issued share. The absence of trading and meaningful financial data indicates very limited operational substance and raises significant concerns regarding the company’s ability to meet any liabilities or sustain ongoing business activities.

2. Key Concerns:

• Dormant Status and Lack of Trading Activity: The company has been dormant since incorporation in 2020 and continues to file dormant accounts. This suggests no operational income or cash flow, which poses solvency and liquidity risks if any liabilities arise.
• Minimal Financial Resources: The balance sheet shows only £1 in cash and net assets, indicating no working capital or financial buffer.
• Limited Transparency on Business Activities: While SIC codes indicate involvement in real estate trading and material recovery, the dormant status conflicts with these activities, raising questions about actual business operations and future prospects.

3. Positive Indicators:

• Up-to-date Filings and Compliance: The company has filed accounts and confirmation statements on time, with no overdue filings or penalties, demonstrating compliance with regulatory requirements.
• Clear Ownership and Control: The sole director and person with significant control is identified, with no records of disqualification or adverse conduct.
• No Indications of Insolvency Proceedings: The company is not in liquidation, administration, or receivership.

4. Due Diligence Notes:

• Investigate the rationale for maintaining a dormant status despite SIC classifications implying active business sectors.
• Verify any contingent liabilities or off-balance sheet obligations that may not be reflected in dormant accounts.
• Clarify the company’s future business plans and funding sources if it intends to commence trading.
• Confirm absence of historic financial activity or transactions outside of the dormant period.