Company Number: 13148431

Analysis Date: 2025-07-20 13:50 UTC

1. Risk Rating: HIGH

The company is currently dormant, with negligible net assets (£100) and no recent trading activity reflected in the latest accounts. Prior years show a sudden disappearance of assets and liabilities, indicating cessation of operations or restructuring, creating significant uncertainty about ongoing viability.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts for the latest year, indicating no active trading or revenue generation, which raises concerns about the company’s operational sustainability.
• Discrepancies in Financial Data: In 2023, the company reported current liabilities of £18,009 with net assets of £29,556, but in 2024 the net assets drop drastically to £100 with no current assets or liabilities reported. This abrupt change suggests potential asset write-offs, debt settlements, or other balance sheet irregularities requiring explanation.
• Minimal Share Capital and Equity: Share capital and shareholders' funds stand at a nominal £100, which is insufficient to support any meaningful operational activity or absorb financial shocks.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its confirmation statement and accounts filings, with no overdue documents, indicating adherence to regulatory compliance.
• Active Website Domain: The company’s website is active and accessible, which could be a sign of ongoing interest in maintaining a market presence.
• Experienced Directors: Both directors have relevant occupations as mortgage advisors, which may indicate some industry knowledge or potential for future business development in financial services.

4. Due Diligence Notes:

• Investigate Reason for Dormancy: Confirm why the company has ceased trading and whether there are plans to resume operations.
• Clarify Financial Statement Changes: Obtain explanations for the significant reduction in net assets and elimination of liabilities between 2023 and 2024.
• Review Director Backgrounds and PSCs: Assess any potential risks related to directors’ conduct or control structure, though no disqualifications or PSC concerns are evident based on current data.
• Examine Related Party Transactions: The notes mention acting as an agent for a person; further detail on this relationship and financial impact would be prudent.
• Assess Market Position: Confirm whether the company has any ongoing contracts, assets, or intellectual property that could be leveraged for future operations.