MY DESK SPACE LTD
Executive Summary
MY DESK SPACE LTD is currently a dormant private limited company with minimal financial activity and nominal net assets. The company maintains good regulatory compliance with timely filings. However, the lack of trading history and operational data warrants ongoing monitoring for future financial stability and governance standards.
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This analysis is opinion only and should not be interpreted as financial advice.
MY DESK SPACE LTD - Analysis Report
Risk Rating: LOW
The company is classified as dormant with minimal financial activity, showing a nominal net asset value (£100). There are no overdue filings or compliance issues, indicating low operational and regulatory risk at this stage.Key Concerns:
- Dormant Status: The company has not traded since incorporation, meaning no revenue generation or operational track record exists.
- Minimal Net Assets: Equity is only £100, reflecting initial share capital without any financial buffer or working capital.
- Single Director and Shareholder: Full control by one individual could pose governance risks depending on operational plans.
- Positive Indicators:
- Up-to-Date Filings: Both annual accounts and confirmation statement are filed on time, showing compliance with statutory obligations.
- Clear Ownership and Control: The sole director and PSC is identified, reducing ambiguity around governance.
- Dormant Accounts Filed Properly: Accounts prepared under small companies regime with director acknowledgment of responsibilities.
- Due Diligence Notes:
- Investigate Business Plans: Understand intended operational activities and timelines for trading commencement.
- Review Director’s Background: Assess experience and reputation of John Anthony Naylor in real estate letting to gauge operational credibility.
- Monitor Future Filings: Confirm timely submission of next accounts when company begins trading to detect any emerging financial or compliance issues.
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