Company Number: NI700893

Analysis Date: 2025-07-29 14:26 UTC

1. Risk Rating: LOW

   Justification: NESBITT GRASS MACHINERY LTD is a newly incorporated (August 2023) private limited company classified as dormant with minimal financial activity and net assets of only £100. There are no overdue filings or compliance issues, and the sole director and 100% shareholder is clearly identified. Given the dormant status and very limited financial data, immediate solvency or liquidity concerns are minimal, but the lack of operational history limits a full assessment of business sustainability.

2. Key Concerns:

   • Dormant Status: The company has not traded since incorporation, indicating no revenue generation or operational activity to date.
   • Minimal Financial Resources: Cash and net assets stand at only £100, providing no cushion for risks or operational startup costs.
   • Single Director and Shareholder Control: Full control by one individual concentrates decision-making and risk, with no current governance diversification.

3. Positive Indicators:

   • Compliance with Filing Requirements: Accounts and confirmation statement are filed on time with no overdue filings, demonstrating good regulatory compliance.
   • Clear Ownership and Management: PSC and director details are consistent and transparent.
   • Appropriate Classification and Reporting: The company has correctly filed dormant accounts and claimed exemptions under the Companies Act, indicating awareness of statutory obligations.

4. Due Diligence Notes:

   • Investigate the company’s business plan and timeline for becoming active to assess future operational sustainability.
   • Monitor for any forthcoming trading accounts to evaluate revenue, cash flow, and solvency once operations commence.
   • Consider the background and experience of the sole director, Paul Alan Nesbitt, especially in relation to the company’s intended industry (wholesale and repair of machinery).