Company Number: 13423618

Analysis Date: 2025-07-20 17:27 UTC

1. Risk Rating: HIGH
   Justification: The company has extremely minimal reported financial activity with net assets of only £1 and current assets of £1 as of the last financial year. Additionally, its accounts filing is overdue which raises concerns on regulatory compliance and transparency. The absence of employees and negligible balances strongly indicate limited operational activity and potential solvency issues.

2. Key Concerns:

• Solvency Risk: With net assets of just £1 and no reported employees or operational data, the company appears to have no meaningful financial buffer or business activity to meet obligations.
• Regulatory Compliance: The last accounts filing is overdue, increasing the risk of penalties and questioning management’s adherence to statutory duties.
• Operational Stability: The company is classified as micro with no employees and virtually no assets, suggesting it may not be actively trading or sustainable as a going concern.

3. Positive Indicators:

• The company status is active and not in liquidation or administration, indicating it has not yet entered formal insolvency procedures.
• Control is concentrated with a single director and 75-100% shareholder, which can facilitate decision-making and swift corrective action if needed.
• The company has filed its confirmation statement on time, showing some level of statutory compliance.

4. Due Diligence Notes:

• Investigate the reason for the overdue accounts filing and whether more recent financial data exists.
• Confirm whether the company is currently trading or dormant, and if any off-balance-sheet liabilities or contingent risks exist.
• Review director’s intentions and business plans to ascertain prospects for operational turnaround or capital injection.
• Assess any related party transactions or financial support arrangements given the minimal reported financials.
• Verify whether the company has complied with all other statutory filings and regulatory requirements beyond accounts and confirmation statements.