NICKVASIL HAULAGE LTD

Executive Summary

Nickvasil Haulage Ltd is a very recently incorporated micro-entity with minimal financial activity and no reported trading as of its first year-end. While compliant with statutory filings, the company exhibits high risk due to its lack of operational history and negligible financial substance. Prospective investors should conduct further due diligence on its business model and trading prospects before considering exposure.

NICKVASIL HAULAGE LTD - Analysis Report

Company Number: 14441516

Analysis Date: 2025-07-29 13:21 UTC

1. Risk Rating: HIGH
   Justification: The company is newly incorporated (October 2022) and has filed only one set of micro-entity accounts with minimal financial activity. Assets and liabilities are negligible (£100 current assets, no liabilities), and there is no revenue or employee data indicating operational activity. The very limited financial footprint combined with no trading history suggests significant uncertainty regarding its ability to meet obligations or sustain operations.

2. Key Concerns:

• Lack of financial substance: With only £100 in current assets and zero liabilities, the company appears dormant or inactive operationally, raising concerns about its capacity to generate cash flows or cover expenses.
• Absence of trading history: No turnover or profit figures reported; no employees, indicating the company may not yet be operational or generating revenue.
• Single director and shareholder concentration: Full control is held by one individual who is also the sole director, which can pose governance and succession risks.

3. Positive Indicators:

• Compliance with filing requirements: Accounts and confirmation statement are up to date with no overdue filings, demonstrating regulatory compliance to date.
• Clear ownership structure: PSC and director details are transparent and consistent, facilitating accountability.
• No liabilities reported: Absence of debts or creditors reduces immediate solvency risk.

4. Due Diligence Notes:

• Investigate the company’s business plan and current trading status to confirm operational activities and revenue generation prospects.
• Confirm existence and extent of any off-balance sheet liabilities or obligations not reflected in micro-entity accounts.
• Review director’s background and financial standing for any undisclosed risks or related party transactions.
• Monitor forthcoming accounts for signs of trading activity or financial deterioration.
• Assess market conditions and fleet or asset acquisitions related to freight transport services to determine sustainability.