NETWORTH COMMODITIES TRADING LTD

Executive Summary

NETWORTH COMMODITIES TRADING LTD is a newly formed private limited company currently dormant with minimal financial activity and net assets of £2. The company is compliant with filing requirements and shows no immediate financial distress, but its dormant status and recent director resignation highlight uncertainties regarding operational sustainability and future business development. Further due diligence should focus on the company’s strategic plans, director backgrounds, and funding arrangements to better understand its risk profile.

NETWORTH COMMODITIES TRADING LTD - Analysis Report

Company Number: 14923896

Analysis Date: 2025-07-29 13:57 UTC

1. Risk Rating: LOW

   Justification: NETWORTH COMMODITIES TRADING LTD is a very recently incorporated private limited company classified as dormant, with minimal financial activity and negligible net assets (£2). No liabilities or operational expenses are reported, and statutory filings are up to date. The company’s dormant status inherently limits solvency and liquidity risks at this stage.

2. Key Concerns:

   • Dormant Trading Status: The company is dormant, meaning no substantive business operations or revenue generation have occurred yet. This raises questions about the viability and future sustainability of the business model.
   • Minimal Financial Substance: With net assets of only £2 and no reported turnover or assets, the company currently lacks financial strength or operational capacity.
   • Director and Ownership Changes: One director, Beth Maina, who holds significant control (25-50% shares and voting rights), resigned recently (July 2024). The impact on governance and control dynamics warrants attention.

3. Positive Indicators:

   • Compliance: The company is compliant with statutory filing deadlines for accounts and confirmation statements, indicating good governance practice.
   • Clear Ownership Structure: The persons with significant control are identified, and ownership is concentrated between two directors, which can simplify decision-making.
   • No Indications of Financial Distress: As a dormant company, there are no reported liabilities, overdue filings, or signs of financial stress.

4. Due Diligence Notes:

   • Business Plan and Future Trading Intentions: Investigate the company’s plans to transition from dormant status to active trading, including capital requirements and expected revenue streams.
   • Director Backgrounds and Roles: Review the backgrounds of the current and former directors for any red flags or relevant expertise, particularly given the recent resignation of a key controlling party.
   • Capital Injection and Funding Sources: Clarify how the company intends to finance its operations going forward, as current net asset levels are negligible.
   • Related Party Transactions: Given the note that the company acted as an agent during the year, further details should be obtained to assess any related party dealings or contingent liabilities.
   • Market and Industry Risks: Since the SIC code is 1500 (Mixed farming), assess market conditions and regulatory environment impacting this sector.