MCGOWANS PROPERTY LETS LTD

Executive Summary

MCGOWANS PROPERTY LETS LTD currently operates with minimal financial substance and no reported business activity, posing a high risk from a solvency and liquidity perspective. While regulatory filings are up to date, the lack of assets and operations raises concerns about the company’s viability and operational stability. Further investigation into its business plans and financial backing is essential before considering investment.

MCGOWANS PROPERTY LETS LTD - Analysis Report

Company Number: SC716450

Analysis Date: 2025-07-20 15:17 UTC

1. Risk Rating: HIGH
   The company shows minimal financial substance with net assets of only £1 and no reported employees or operational scale. This extreme lack of assets and activity signals high solvency and liquidity risk.

2. Key Concerns:

• Insignificant Financial Base: Current assets and net assets stand at £1, indicating no meaningful capital or financial buffer.
• No Operational Activity: Zero employees and no reported trading or asset holdings suggest the company is not operationally active or generating revenue.
• Single Shareholder Control: The sole director and 100% owner has full control, which may increase governance risks due to lack of independent oversight.

3. Positive Indicators:

• Up-to-date Filings: Accounts and confirmation statements are filed on time, demonstrating compliance with statutory requirements.
• No Overdue Filings or Penalties: The company is current in its regulatory obligations, reducing administrative compliance risk.
• Active Status: The company remains registered and active without any insolvency or liquidation proceedings.

4. Due Diligence Notes:

• Investigate the nature of the company’s business model and whether it has commenced operations beyond the micro-entity filings.
• Confirm if the company holds or intends to acquire property assets as implied by its SIC code and company name.
• Assess the financial support or backing from the sole shareholder and the purpose behind maintaining this company structure with minimal capital.
• Review any related party transactions or off-balance-sheet arrangements that might not appear in the micro-entity accounts.
• Verify the director’s history and reputation given the sole control and responsibility.