MG SPORTS AND RACING LTD

Executive Summary

MG SPORTS AND RACING LTD is a dormant private limited company with nominal financials and no trading activity to date. It demonstrates good compliance with filing requirements and clear ownership structure. Further due diligence should focus on the director's business plans and capability, as well as monitoring for future operational developments.

MG SPORTS AND RACING LTD - Analysis Report

Company Number: 14705527

Analysis Date: 2025-07-29 19:39 UTC

1. Risk Rating: LOW
   The company is newly incorporated and classified as dormant with minimal financial activity. Its financial position shows nominal net assets and cash, consistent with a start-up or non-trading entity, which limits exposure to solvency or liquidity risks at this stage.

2. Key Concerns:

• Dormant Status: The company has not commenced trading or generated revenue, indicating no current operational cash flow or business activity.
• Minimal Financial Data: With net assets and cash at £1, there is insufficient financial history to assess operational sustainability or growth prospects.
• Single Director and Shareholder Control: The sole director and 100% shareholder concentration could pose governance risks if not managed properly.

3. Positive Indicators:

• Compliant Filing: Accounts and confirmation statement are filed on time and show no overdue status, indicating good regulatory compliance.
• Clear Ownership and Control: The sole director and PSC are the same individual, ensuring straightforward decision-making authority.
• Industry Classification: The SIC codes (maintenance and repair of motor vehicles; manufacture of motor vehicles) suggest a clear business focus within a defined sector.

4. Due Diligence Notes:

• Confirm the intended business plan and timeline for commencement of trading to assess future operational viability.
• Monitor subsequent filings for evidence of trading activity, revenue generation, and financial performance.
• Review background and track record of the director, Bradley Alan Sables, particularly in the automotive industry, to evaluate management capability.
• Verify that no undisclosed liabilities or contingent risks exist given the dormant status.
• Assess market conditions and competitive landscape in the motor vehicle maintenance and manufacturing sectors relevant to the company’s strategy.