NOLAND ATHLETICS LTD

Executive Summary

Noland Athletics Ltd is a newly incorporated private limited company currently dormant with no trading activity or financial assets. While compliant with filing requirements and exhibiting a clear ownership structure, the absence of operational data and financial substance results in a high-risk profile from an investment perspective. Further due diligence is recommended to evaluate plans for activating the business and securing initial capital.

NOLAND ATHLETICS LTD - Analysis Report

Company Number: 15206327

Analysis Date: 2025-07-29 20:50 UTC

1. Risk Rating: HIGH
   Given the company’s dormant status since incorporation, zero net current assets and net assets, no employees, and absence of trading activity, there is significant uncertainty around operational viability and financial sustainability.

2. Key Concerns:

• Dormant Status & No Trading History: The company has filed dormant accounts and has not reported any trading activity or revenues since incorporation in October 2023, indicating no operational cash flow or commercial validation.
• Minimal Equity and Negative Reserves: Shareholders’ funds stand at £1 with a negative profit and loss reserve (-£1), which, while minimal, suggests no capital buffer to absorb losses or fund initial operations.
• Lack of Financial Substance or Assets: The balance sheet shows no net current assets or net assets, implying no working capital or fixed assets to support business activities.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its confirmation statement and dormant accounts filings, demonstrating regulatory compliance to date.
• Single Controlling Shareholder/Director: Clear ownership and governance structure with Antonio Di Martino holding 75-100% of shares and voting rights, which can facilitate decisive management actions.
• Active Online Presence: The company maintains an active website and social media channels, suggesting preparatory marketing efforts for future trading.

4. Due Diligence Notes:

• Investigate the company’s business plan and timeline for commencing trading to assess the likelihood of future revenue generation.
• Verify any financial support or funding arrangements provided by the sole shareholder or external parties to sustain initial operations.
• Monitor future filings for signs of operational activity, asset acquisition, or credit facilities that would indicate progression beyond dormant status.
• Confirm no director disqualifications or adverse regulatory actions against Mr. Antonio Di Martino, though none are indicated currently.
• Review risks related to the company’s SIC codes spanning consultancy, retail, wholesale, and web portals to clarify primary business focus and revenue model.