MULLEN DEVELOPMENTS LTD

Executive Summary

MULLEN DEVELOPMENTS LTD is a newly formed dormant company with minimal financial activity and a nominal net asset base. Current risk is low given the absence of liabilities and full compliance with statutory requirements, though the lack of operational history limits comprehensive risk assessment. Ongoing monitoring is recommended as the company commences trading to evaluate financial and operational stability.

MULLEN DEVELOPMENTS LTD - Analysis Report

Company Number: NI693987

Analysis Date: 2025-07-29 18:57 UTC

1. Risk Rating: LOW

Justification: MULLEN DEVELOPMENTS LTD is a newly incorporated dormant private limited company with minimal financial activity to date. The company has no recorded liabilities and a nominal net asset base of £100, reflecting issued share capital only. There are no overdue filings or compliance issues at this stage.

2. Key Concerns:

• Dormant Status: The company has not commenced trading or operations yet, which means there is no revenue or cash flow to evaluate operational viability or liquidity.
• Limited Financial History: Only one set of dormant accounts filed, so there is insufficient data to assess trends in profitability, solvency, or operational stability.
• Single Shareholder Control: Mr. David Mullen holds full ownership and control, which concentrates governance risk and may limit external oversight.

3. Positive Indicators:

• Compliance: All statutory filings including accounts and confirmation statements are up to date with no overdue submissions.
• Clean Financial Position: No debts or liabilities reported; the company’s balance sheet is free of encumbrances.
• Clear Governance: Director and PSC information are transparent and consistent, with no apparent director disqualifications or regulatory flags.

4. Due Diligence Notes:

• Investigate the company’s business plan and timeline for commencing operations in the building development sector (SIC 41100).
• Monitor future filings to assess the transition from dormant to active trading status and review subsequent financial performance.
• Review any related party transactions or external funding arrangements once operational data becomes available.