MODICO LIMITED

Executive Summary

MODICO LIMITED is an active but dormant company with negligible financial assets and no trading history, resulting in a high risk profile from a solvency and liquidity perspective. Compliance with statutory filing requirements is positive, but the company’s operational viability remains uncertain pending commencement of business activities. Further due diligence is recommended to clarify business plans and financial backing.

MODICO LIMITED - Analysis Report

Company Number: 14986801

Analysis Date: 2025-07-29 18:59 UTC

1. Risk Rating: HIGH
   Justification: MODICO LIMITED is a newly incorporated dormant private limited company with minimal financial activity, negligible net assets (£1), and no operational history. The absence of trading results and minimal equity significantly increase solvency and liquidity risks.

2. Key Concerns:

• Dormant Status: The company has not commenced trading or generated income, indicating lack of operational cash flow and revenue base.
• Minimal Net Assets: Shareholders' funds stand at £1, signaling no financial buffer to absorb losses or meet liabilities.
• Single Director and Shareholder Control: Full ownership and control by one individual may present governance risks, including lack of independent oversight.

3. Positive Indicators:

• Compliance with Filing: The company is up to date with its dormant accounts and confirmation statement filings, showing regulatory compliance so far.
• Clear Ownership Structure: PSC registry is complete, with transparent disclosure of control and director details.
• Broad Industry Classification: SIC codes cover diverse sectors (travel, IT consultancy, retail, wholesale), suggesting potential flexibility in business focus once operational.

4. Due Diligence Notes:

• Investigate Business Plan: Understand the timeline and strategy for commencing trading and generating revenue.
• Verify Financial Support: Assess any external funding, credit facilities, or shareholder loans that support future operations.
• Director Background Check: Review any past directorships or conduct records for the sole director to evaluate governance and risk exposure.