MYLIFE365.ME LTD

Executive Summary

MYLIFE365.ME LTD remains dormant with minimal financial substance and no trading activity, posing high solvency and liquidity risks. While compliance with statutory filing requirements is maintained, the absence of operational data and limited capital base highlight significant concerns about business sustainability and investor risk. Further due diligence is needed to understand the company’s strategic intentions and potential liabilities.

MYLIFE365.ME LTD - Analysis Report

Company Number: 12946691

Analysis Date: 2025-07-29 17:40 UTC

1. Risk Rating: HIGH

Justification: The company is classified as dormant with negligible financial activity (cash and net assets of £1). Such minimal financial substance indicates it has no operational business or meaningful assets to meet obligations. The lack of revenue or expenses and dormant status suggest no ongoing trading or cash flows, raising solvency and liquidity concerns.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts for multiple years, indicating no trading activity or revenue generation, which undermines operational viability.
• Minimal Financial Base: Net assets and cash remain at £1, reflecting no capital investment or retained earnings to support business activities or creditor claims.
• Single Director and Shareholder Control: One individual owns 75-100% of shares and controls all voting rights and director appointments, posing governance and continuity risks.

3. Positive Indicators:

• Compliance with Filing: The company has timely filed dormant accounts and confirmation statements with no overdue filings or penalties.
• Clear Ownership Structure: The single controlling individual and director are clearly identified, reducing ambiguity about management.
• No Indication of Insolvency Proceedings: The company is active and not in liquidation, administration, or receivership.

4. Due Diligence Notes:

• Investigate the company’s purpose and plans to transition from dormant to active status, if any.
• Verify if there are any contingent liabilities or off-balance-sheet obligations not reflected in dormant accounts.
• Confirm the background and financial standing of the sole director/shareholder to assess commitment and capability.
• Review any intercompany transactions or relationships with affiliated entities that could impact financial stability.