NYCE THINGS LTD

Executive Summary

NYCE THINGS LTD is a recently incorporated dormant private limited company with minimal net assets and no trading history, resulting in a high-risk profile from a financial and operational perspective. While compliance with filing requirements is up to date and ownership is transparent, the absence of financial activity and capital base raises significant concerns about solvency and liquidity. Further due diligence should focus on the company's future business plans and funding arrangements before considering investment exposure.

NYCE THINGS LTD - Analysis Report

Company Number: 14500497

Analysis Date: 2025-07-29 12:43 UTC

1. Risk Rating: HIGH

Justification: NYCE THINGS LTD has been dormant since incorporation with only nominal net assets (£1). There is no trading history or financial data indicating operational activity or revenue generation. With just one director/shareholder and minimal capital, the company currently lacks financial substance or evidence of operational stability, posing a high risk for solvency and liquidity.

2. Key Concerns:

• Dormant Status: The company has not traded since incorporation, so no financial performance or cash flow data is available to assess viability.
• Minimal Capital: Share capital and net assets stand at only £1, indicating negligible financial buffer to meet obligations.
• Single Person Control: With one individual holding all shares and directorship, there is concentration risk and limited governance oversight.

3. Positive Indicators:

• Compliance: Company is up to date on statutory filings (accounts and confirmation statement) with no overdue documents or penalties.
• Clear Ownership: Transparent disclosure of PSC and director information reduces uncertainty over control.
• No Insolvency Indicators: The company is not in liquidation or administration, and filed dormant accounts correctly.

4. Due Diligence Notes:

• Investigate business plan and intended operational plans to understand future prospects beyond dormancy.
• Review any off-balance sheet commitments or contingent liabilities that might affect solvency.
• Confirm if there have been any recent transactions or changes post last accounts date that are not yet reported.
• Understand the background and capacity of the sole director to manage and fund the company going forward.