Company Number: 12514839

Analysis Date: 2025-07-20 12:32 UTC

1. Risk Rating: HIGH

Justification: MELLOW MOXIE LTD. is classified as a dormant company with minimal financial activity, evidenced by consistently nominal net assets and cash balances (£10) over multiple financial years. This status indicates the company is not actively trading and has no substantive operational or financial transactions, which translates into a high risk from an investment perspective due to lack of ongoing business activity or revenue generation.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts for several years, confirming no trading activity. This suggests no current cash flow or operational business, raising concerns about sustainability and ability to meet obligations.
• Minimal Financial Resources: The company’s balance sheet only shows £10 in cash and net assets, indicating no working capital or financial buffer to support operations or liabilities.
• Shareholder Control Complexity: Significant control is split between two individuals each reported as owning 75-100% shares and voting rights, which appears contradictory and may indicate outdated or inaccurate PSC filings, posing governance and transparency risks.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its statutory filings (accounts and confirmation statements), which demonstrates adherence to regulatory obligations despite dormancy.
• No Overdue Accounts or Penalties: There are no overdue filings or indications of regulatory non-compliance, suggesting proper administrative management.
• Director Stability: The current director has been in position since mid-2021 without resignation or disqualification records, indicating governance continuity.

4. Due Diligence Notes:

• Verify the accuracy of the Persons with Significant Control (PSC) information to clarify ownership and voting rights, as the data suggests overlapping 75-100% control percentages which is inconsistent.
• Confirm the company’s intentions regarding future trading activities or plans, as prolonged dormancy without a clear strategy may impact investment viability.
• Investigate the rationale for maintaining the company in a dormant state, including any pending business developments, asset holdings not reflected in accounts, or tax/planning considerations.