NO1 LEGAL & PROFESSIONAL SERVICES LIMITED

Executive Summary

NO1 LEGAL & PROFESSIONAL SERVICES LIMITED is a dormant private limited company with no trading activity and minimal financial resources since incorporation in 2020. While compliant with statutory filing obligations, the absence of operational data and financial substance presents a high risk profile from a solvency and liquidity perspective. Further investigation is warranted to understand the company’s purpose and future prospects.

NO1 LEGAL & PROFESSIONAL SERVICES LIMITED - Analysis Report

Company Number: 12596353

Analysis Date: 2025-07-29 14:52 UTC

1. Risk Rating: HIGH
   Justification: NO1 LEGAL & PROFESSIONAL SERVICES LIMITED has been dormant since incorporation, with minimal financial activity reflected by static cash and net assets of £1 over four years. The absence of trading and operating history raises significant concerns about the company’s ability to meet obligations, generate cash flow, or sustain operations.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts consistently, indicating no active business operations or revenue generation. This limits any assessment of operational viability or business sustainability.
• Minimal Financial Resources: Cash and net assets remain at £1, showing no capital injection or retained earnings, suggesting no financial buffer to meet liabilities or invest in growth.
• Lack of PSC Information: No persons with significant control are listed, which reduces transparency regarding ownership and control, potentially complicating governance and accountability.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its statutory accounts and confirmation statement filings, demonstrating regulatory compliance despite inactivity.
• Clear Corporate Governance: Director and secretary appointments are current and consistent since incorporation, showing formal governance structures are in place.
• No Overdue Filings or Penalties: Timely submissions reduce risk of regulatory sanctions or administrative complications.

4. Due Diligence Notes:

• Investigate the company’s strategic plans or reason for dormancy to assess future intentions and potential activation of business activities.
• Verify identity and background of directors and secretary, particularly given limited public information and absence of PSC data.
• Confirm absence of contingent liabilities or off-balance sheet obligations that may affect solvency upon reactivation or sale.
• Review related party transactions or group structure to understand if the company serves as a holding or dormant vehicle within a larger corporate group.