NAUTICA OFFSHORE LTD

Executive Summary

Nautica Offshore Ltd is a recently formed private limited company currently dormant with nominal financial resources and no trading activity reported. While compliant with statutory filing obligations, the company’s limited operational and financial footprint poses a high risk from an investment perspective at this stage. Further investigation into management plans and funding is essential before considering investment.

NAUTICA OFFSHORE LTD - Analysis Report

Company Number: 14495091

Analysis Date: 2025-07-29 21:05 UTC

1. Risk Rating: HIGH
   Justification: Nautica Offshore Ltd is a newly incorporated company (since November 2022) with dormant status and minimal financial activity reported. The balance sheet as of 30 November 2023 shows nominal assets and equity (£100 each), with no trading or operational revenue indicated. This suggests the company currently lacks operational substance and financial depth to meet obligations or sustain business activities.

2. Key Concerns:

• Dormant Status: The company filed dormant accounts, indicating no significant trading activity during the first year, raising questions about business viability.
• Minimal Financial Resources: The company holds only £100 in net assets and cash equivalents, which is insufficient to cover any meaningful liabilities or operational costs.
• Sole Control and Director Concentration: The single director and 75-100% shareholder is the same individual, which concentrates control and may increase governance risk, especially for external investors.

3. Positive Indicators:

• Compliance with Filing Requirements: The company has filed its confirmation statement and dormant accounts on time with no overdue filings or penalties.
• Clear Ownership and Control: The significant control register is up to date, with transparency on ownership and director appointments.
• Active Website and Contact Info: The company maintains an active website and contact details, which may indicate intent to develop operations.

4. Due Diligence Notes:

• Investigate the company’s business plan and timeline for becoming operational, including sources of funding and expected revenue generation.
• Review any related party transactions or advances not reflected in the dormant accounts that could impact financial stability.
• Assess the background and reputation of the sole director/shareholder to evaluate governance and management capability.
• Confirm the reason for the dual SIC codes (engineering consulting and sea freight transport) to understand intended business activities.