Company Number: 13378117

Analysis Date: 2025-07-29 15:30 UTC

1. Risk Rating: LOW
   MEDWAY FLEXPOWER LTD is currently classified as a dormant company with minimal financial activity and negligible net assets (£1). There are no overdue filings or indications of financial distress. The company’s dormant status inherently limits exposure to solvency or liquidity risk at this stage.

2. Key Concerns:

• Dormant Status: The company has not conducted significant financial transactions, which may raise questions about operational viability and future business plans.
• Minimal Share Capital and Net Assets: With share capital and net assets of only £1, there is no financial buffer to absorb losses if the company were to become active.
• Single Controlling Entity: Ownership and control are concentrated in Noriker Power Ltd, which may pose governance risks if there is limited oversight or transparency.

3. Positive Indicators:

• Compliance with Filing Requirements: No overdue accounts or confirmation statements, indicating good regulatory compliance.
• Stable Director Appointment: The director, Dr. Marc Thomas, has been in place since incorporation, suggesting continuity in management.
• Clear Ownership Structure: Ownership by Noriker Power Ltd is transparent and fully documented.

4. Due Diligence Notes:

• Future Business Plans: Investigate the company’s intentions beyond its dormant status, including any pending activation or operational strategy.
• Relationship with Noriker Power Ltd: Understand the nature of control and any intercompany transactions or guarantees that may affect the company’s financial position.
• Director Background and Conduct: Confirm there are no adverse records or disqualifications for the director to assess governance quality.