MR-JOY LTD

Executive Summary

MR-JOY LTD is currently dormant with minimal financial activity and no outstanding compliance issues, reflecting low immediate financial risk. However, the presence of an active commercial website suggests potential future operations, warranting further investigation into current trading status and capitalization. Overall, the company exhibits operational dormancy but maintains regulatory compliance and ownership transparency.

MR-JOY LTD - Analysis Report

Company Number: 13106693

Analysis Date: 2025-07-20 14:01 UTC

1. Risk Rating: LOW
   The company is classified as dormant with minimal financial activity and no outstanding filing issues. No indications of financial distress or operational concerns are evident from the data.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts consistently, indicating no trading activity, which means no revenue generation or operational cash flows.
• Minimal Equity: Share capital and net assets remain at £1 over multiple years, suggesting no capital injections or retained earnings to support operations.
• Control Concentration: Ownership is tightly held by a single individual and an associated holding company, which might represent governance concentration risk but no direct red flags presently.

3. Positive Indicators:

• Compliance: All statutory filings including accounts and confirmation statements are up to date with no overdue submissions.
• Active Company Status: The company remains active and has an operational website indicating readiness or intent to trade.
• Clear Ownership: Persons with significant control are identified, facilitating transparency.

4. Due Diligence Notes:

• Verify the current operational status beyond dormant filings, especially given the active website claiming e-cigarette retail activity.
• Investigate whether the company has recently commenced trading or plans to, as dormant accounts may not reflect current business reality.
• Confirm whether the controlling individuals have other related companies or interests that might impact financial stability or operational continuity.
• Assess the adequacy of capitalization if the company intends to move from dormant to active trading status.