MCGOFF SUPPORT SERVICES (ALTAIR) LIMITED

Executive Summary

MCGOFF SUPPORT SERVICES (ALTAIR) LIMITED is currently a dormant private limited company with minimal financial activity and nominal net assets. The company is compliant with filing requirements and exhibits stable governance but lacks operational and financial substance due to dormancy. Further inquiry is recommended to clarify future business intentions and the financial position of its parent entity.

MCGOFF SUPPORT SERVICES (ALTAIR) LIMITED - Analysis Report

Company Number: 13803041

Analysis Date: 2025-07-20 12:22 UTC

1. Risk Rating: LOW
   Justification: The company is classified as dormant with minimal financial activity reported—cash and net assets remain constant and nominal at £100 over three years. Filings are current with no overdue accounts or confirmation statements. There are no indications of financial distress or operational activity.

2. Key Concerns:

• Dormant status: Lack of trading activity means the company is not generating revenue or cash flow, which may raise questions about future viability if it intends to operate.
• Minimal net assets and cash: The reported balance sheet shows only £100 in cash and net assets, indicating no financial buffer or resources for operational needs.
• Single controlling shareholder: Mcgoff Group Projects Limited holds 75-100% ownership and voting rights, concentrating control and possibly limiting minority investor influence or oversight.

3. Positive Indicators:

• Compliance: The company has timely filed dormant accounts and confirmation statements with no overdue filings or penalties.
• Stable governance: The same four directors have remained in post since incorporation, suggesting stable management and no governance turnover concerns.
• Clear ownership: The controlling shareholder and directors are identified, providing transparency on control and responsibility.

4. Due Diligence Notes:

• Confirm the company’s intended purpose and any plans to commence trading, as dormant status precludes assessment of operational risk or financial performance.
• Investigate the relationship and financial health of the parent company, Mcgoff Group Projects Limited, since it controls this entity.
• Review any intercompany balances or commitments to understand potential contingent liabilities or future funding requirements.