Company Number: 15046762

Analysis Date: 2025-07-29 14:24 UTC

1. Risk Rating: HIGH
   Given that MPRQ LTD was incorporated recently in August 2023, has filed dormant accounts with minimal net assets (£2), and shows no trading activity, the solvency and operational sustainability risks are elevated. The company currently holds no substantive financial or operational track record to demonstrate viability or liquidity.

2. Key Concerns:

• Dormant Status with Minimal Equity: The company has filed dormant accounts, reporting net assets and shareholder funds of only £2, indicating no trading or revenue generation to date. This raises concerns about its ability to meet liabilities or fund operations going forward.
• Lack of Financial History and Business Activity: Incorporated less than a year ago with no financial activity, there is no evidence of operational stability or cash flow capacity.
• Concentration of Control and New Management: Two directors hold all share ownership and control with significant voting rights and appointment powers. While not inherently negative, this concentration combined with the company’s infancy may pose governance risks requiring scrutiny.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date on its dormant accounts and confirmation statement filings, indicating procedural compliance and no immediate regulatory red flags.
• Clear Industry Focus: The SIC code (62012) indicates the company is positioned for business and domestic software development, a sector with growth potential if operationalized.
• Established Directors with Defined Roles: Directors have been appointed and their appointments are current, with clear residency and nationality information, supporting transparency.

4. Due Diligence Notes:

• Investigate the company’s business plan and funding sources to assess how and when it intends to commence trading and generate revenue.
• Review any intercompany transactions or related party loans that could impact financial stability.
• Confirm the backgrounds of the directors beyond their appointments to evaluate experience, reputation, and any potential conflicts of interest or regulatory issues.
• Monitor future filings closely for signs of operational activity, financial performance, and changes in ownership or governance.