OLDHEATH LIMITED
Executive Summary
OLDHEATH LIMITED is a dormant private limited company with nominal financial activity and sound compliance history. The recent change in director and ownership warrants monitoring for future operational developments. Overall, the company presents a low risk profile based on currently available data but lacks financial history to assess business viability fully.
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This analysis is opinion only and should not be interpreted as financial advice.
OLDHEATH LIMITED - Analysis Report
- Risk Rating: LOW
Justification: OLDHEATH LIMITED is a recently incorporated private limited company classified as dormant, with no recorded trading activity or liabilities. The company’s net assets and shareholders’ funds are nominal (£2), indicating no operational transactions or financial obligations. Compliance with filing deadlines is current, and no adverse regulatory or financial signals are evident from the limited data.
- Key Concerns:
- Dormant Status: The company has not commenced trading or generated revenue since incorporation, which may imply an early-stage or inactive business with uncertain operational prospects.
- Minimal Financial Data: The absence of financial activity and negligible net assets limit the ability to assess solvency or liquidity risks accurately.
- Recent Change in Control: The director and significant control shifted in April 2024, shortly after the latest accounts, which may warrant monitoring for changes in business strategy or financial position.
- Positive Indicators:
- Compliance: The company has filed dormant accounts and confirmation statements on time, indicating good regulatory compliance and governance practices.
- No Overdue Filings: Both accounts and confirmation statements are up to date, reducing concerns over potential legal or administrative risks.
- Clear Ownership Structure: The PSC register is transparent, showing a single individual with full control, simplifying accountability and decision-making.
- Due Diligence Notes:
- Verify Intentions and Business Plan: Investigate the company’s future trading plans or reasons for dormancy to assess operational sustainability.
- Monitor Post-Change Activities: Review any filings or disclosures subsequent to the April 2024 change in director and PSC for emerging financial or operational activity.
- Confirm Absence of Liabilities: Ensure no undisclosed contingent liabilities or creditor claims exist given the dormant status.
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