Company Number: 13827212

Analysis Date: 2025-07-20 12:49 UTC

1. Risk Rating: HIGH
   NICKYBELLS LIMITED presents a high risk profile primarily due to its dormant status, minimal financial activity, and negligible asset base. The company has not traded since incorporation, showing no revenue or operational income, which raises concerns about its viability and ability to meet obligations if it commences trading.

2. Key Concerns:

• Dormant Status and No Trading History: The company has been dormant since incorporation in 2022, with no turnover, profit, or loss reported. This lack of operational activity suggests no established revenue streams or business sustainability.
• Very Low Asset Base and Equity: Net assets and shareholders' funds stand at just £1, with current assets of only £4 and current liabilities of £1. Such minimal resources imply limited financial strength and inability to absorb losses or fund operations without immediate external capital injection.
• Presence of Long-Term Liabilities: Although the company is dormant, it reports a creditor amount of £1 falling due after more than one year under finance leases or hire purchase contracts. This raises questions about the nature and servicing of these obligations given the absence of trading income.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its annual accounts and confirmation statement filings, indicating sound regulatory compliance and governance practices despite inactivity.
• Clear Ownership and Control Structure: A single director and 100% controlling shareholder (Miss Naomi Ajan Apeadu Amoni) provides transparency in governance, which can facilitate decision-making and capital support if required.
• No Overdue Filings or Penalties: All statutory deadlines have been met without overdue returns or accounts, reducing the risk of regulatory sanctions.

4. Due Diligence Notes:

• Investigate the reason for the finance lease or hire purchase creditor given the dormant status and whether there are any ongoing payment obligations or potential liabilities arising from this.
• Clarify the company’s intended business plans and timeline for commencement of trading to assess future operational viability and funding requirements.
• Confirm the director’s capacity and willingness to provide additional capital or guarantees to support the company’s operations if it transitions from dormancy.
• Review any off-balance-sheet commitments or contingent liabilities not disclosed in the accounts that may impact solvency.
• Verify the correctness and completeness of the financial statements given the minimal balances, ensuring no omitted liabilities or assets.