Company Number: 12980133

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

1. Risk Rating: HIGH
   Justification: The company has consistently reported effectively zero net assets and shareholders’ funds over multiple years, with dormant status confirmed in its latest accounts. There is no evidence of operational activity or financial resources to meet obligations, raising significant solvency and liquidity concerns.

2. Key Concerns:

   • Dormant Status & Lack of Activity: The company filed dormant accounts for the latest year, indicating no trading or financial transactions, which suggests no revenue generation or operational cash flow.
   • Zero Net Assets and Shareholders’ Funds: For four consecutive years, net assets and shareholders’ funds have been reported as zero or near zero, indicating no financial cushion or capital investment.
   • Concentration of Control: A single individual and an associated entity appear to hold 75-100% control, which may raise governance and minority interest concerns, although no direct compliance issues are evident.

3. Positive Indicators:

   • Up-to-Date Filings: The company has filed its accounts and confirmation statements on time, with no overdue filings or penalties, indicating regulatory compliance.
   • Clear Ownership and Governance: The company’s ownership structure and director appointments are transparent and current, reducing uncertainty about control.
   • No Liquidation or Insolvency Proceedings: The company is active and not subject to any formal insolvency procedures.

4. Due Diligence Notes:

   • Confirm Operational Purpose: Investigate the company’s current and intended business activities, as dormant status and lack of financial activity suggest it may be a holding or shell entity.
   • Examine Group Structure: Explore the relationship with New Model Venture Capital Limited to understand intercompany guarantees, funding, or risk exposures.
   • Assess Financial Plans: Request projections or plans for capitalization or operational commencement to evaluate future viability.
   • Review Director Backgrounds: While no disqualifications are noted, verify the professional background of directors to assess governance quality.