NET-TEX TRADING LIMITED

Risk Rating: HIGH Justification: The most critical factor determining this rating is the company's status, which is explicitly listed as "Dissolved." A dissolved company has ceased to exist as a legal entity and can no longer trade, incur credit, or meet financial obligations. Additionally, there are significant data anomalies regarding future filing dates that raise concerns about data integrity or potential administrative errors.

Key Concerns: * Corporate Status (Dissolved): The company is listed as Dissolved, indicating it is no longer an active operating entity. While the dissolution date is listed as August 4, 2026 (which implies a pending future action or a data error), the current status dictates that the company cannot meet its obligations going forward. * Anomalous Filing Dates: The last accounts are made up to June 30, 2025, and the last confirmation statement to October 17, 2025. As these are future dates, this represents a significant data anomaly that obscures the true state of the company's regulatory compliance and financial health. * Minimal Capitalization and High Concentration of Control: The company has a share capital of only £1.00. Furthermore, Dr. Frank Cedric Heap holds over 75% of shares and voting rights as a member of a firm, creating a highly concentrated ownership structure with minimal equity buffer.

Positive Indicators: * Absence of Formal Insolvency: The company is not flagged as being in liquidation, administration, or receivership. This suggests the dissolution is likely a voluntary strike-off rather than a forced creditor-led winding up. * Filing Status: The records provided indicate that accounts and confirmation statements are not currently marked as "overdue," though the future dating of these filings makes the practical reliability of this indicator uncertain. * Established History: Incorporated in 2011, the company successfully maintained active status for over a decade prior to its dissolution, indicating historical operational viability.

Due Diligence Notes: * Verify Companies House Status: Immediately query Companies House using the company number (07811690) to confirm the exact nature of the dissolution. Determine if a strike-off notice has been gazetted but not yet finalized, or if the 2026 date is a systemic error. * Investigate Date Anomalies: Clarify why accounts and confirmation statements are dated in the future. This requires checking whether the data provider has misinterpreted a filing format or if there is a more serious administrative irregularity. * Review Final Accounts: If the company is transitioning to dissolution, obtain the final set of statutory accounts filed prior to cessation. Assess how remaining liabilities were settled and whether any assets (such as the "net-tex.co.uk" domain) were disposed of. * Director & PSC Background: Conduct standard background checks on the officers and the PSC (Dr. Frank Cedric Heap), specifically looking for prior director disqualifications or a history of other dissolved entities, given the concentrated control.