NEXT GEN HEATING SOLUTIONS LTD

Executive Summary

NEXT GEN HEATING SOLUTIONS LTD is a dormant private limited company with minimal financial activity and net assets of £2. It maintains regulatory compliance with no overdue filings, presenting low immediate financial risk. However, the lack of trading history and minimal capital highlight uncertainties regarding operational viability and future business activity.

NEXT GEN HEATING SOLUTIONS LTD - Analysis Report

Company Number: 13109520

Analysis Date: 2025-07-20 11:04 UTC

1. Risk Rating: LOW
   The company is currently dormant with minimal financial activity and no liabilities reported. Its compliance with filing deadlines and minimal net assets reduce immediate solvency and liquidity risks.

2. Key Concerns:

• Dormant Status: The company has no trading activity, which implies no operational revenue or cash flow generation. This raises questions about its future operational viability if it intends to trade.
• Minimal Share Capital and Net Assets: With only £2 in share capital and net assets, the company lacks financial buffer to absorb losses or fund operations without external capital injection.
• Limited Financial Data: Absence of trading history and financial performance data limits assessment of business prospects and sustainability.

3. Positive Indicators:

• Compliance: The company is up to date with its accounts and confirmation statement filings, indicating good regulatory adherence.
• Active Status: The company remains registered and active, suggesting potential for future trading or business activity.
• Clear Governance: Directors are identified with no adverse records noted, and accounts include director signatures, reflecting formal governance.

4. Due Diligence Notes:

• Investigate Business Plans: Clarify intent behind dormancy and any plans for commencement or resumption of trading activities.
• Examine Capital Structure: Confirm adequacy of capital and funding sources if trading is planned.
• Verify Directors’ Backgrounds: Although no disqualifications are noted, further background checks on directors’ experience and reputation could be prudent.
• Monitor Future Filings: Review future accounts for any changes in trading status or financial position.