MIKE-VISION LTD

Executive Summary

MIKE-VISION LTD is a newly incorporated dormant private limited company with no trading activity or financial liabilities to date. Regulatory compliance is current, and the company’s simple financial structure presents a low immediate risk profile. However, absence of operational data warrants monitoring once the company begins trading to assess liquidity and solvency risks.

MIKE-VISION LTD - Analysis Report

Company Number: 15024461

Analysis Date: 2025-07-20 15:56 UTC

1. Risk Rating: LOW
   Given the company's dormant status with minimal financial activity and no liabilities, the immediate financial risk is low. There is no evidence of trading, debt, or operational activity that would raise solvency or liquidity concerns at this stage.

2. Key Concerns:

• Dormant Status: The company has not commenced trading since incorporation, limiting insight into operational viability and revenue generation capability.
• Minimal Financial Data: With only £1 in current assets and no liabilities, the financial profile is effectively a shell; this provides limited assurance about future performance or capital adequacy.
• Single Director and Shareholder Control: The concentration of control and ownership in one individual, while not inherently risky, can lead to governance risks if not adequately monitored.

3. Positive Indicators:

• Up-to-Date Filings: Annual accounts and confirmation statements have been filed on time, indicating compliance with regulatory requirements.
• No Overdue Filings or Liabilities: No historic or current debts reported; no overdue accounts or confirmation statements reduce regulatory risk.
• Clear Ownership and Control: Transparency regarding the sole shareholder and director simplifies accountability.

4. Due Diligence Notes:

• Verify the business plan and timeline for commencing operations to assess future operational and financial risks.
• Monitor any changes in financial position upon commencement of trading, especially current assets, liabilities, and cash flow.
• Review director background beyond the filed data for any regulatory or reputational risks, although none are indicated here.
• Confirm absence of off-balance sheet commitments or contingent liabilities not disclosed in the dormant accounts.