ON9 LTD

Executive Summary

ON9 LTD is a newly formed micro private limited company currently dormant with minimal financial activity and resources. While the company demonstrates compliance with filing obligations, the lack of operational history, negligible financial substance, and limited management experience present significant solvency and liquidity risks. Prospective investors should closely monitor future trading developments and governance structure before considering exposure.

ON9 LTD - Analysis Report

Company Number: 14377995

Analysis Date: 2025-07-20 15:40 UTC

1. Risk Rating: HIGH

   Justification: ON9 LTD is a very recently incorporated micro private limited company with dormant status indicated by its financials showing negligible activity—a mere £100 cash and net assets, no turnover, no liabilities, and no fixed or current assets. The company has not traded and has minimal financial substance, which elevates risk from a solvency and liquidity perspective. The director is a student with limited business experience, and the company operates in multiple diverse SIC codes without operational evidence.

2. Key Concerns:

   • Dormant Status and Minimal Financial Activity: The company has filed dormant accounts, indicating no trading activity, which means no cash flow generation or financial sustainability evidence.
   • Limited Financial Resources: With only £100 in cash and net assets, the company’s ability to meet any liabilities or invest in operations is effectively non-existent.
   • Management Experience and Stability: The current director is a student with no disclosed business background, and a previous director resigned within a year, raising governance and operational stability concerns.

3. Positive Indicators:

   • Compliance with Filing Requirements: Despite being dormant, the company has filed accounts and confirmation statements on time with no overdue filings, showing compliance and attention to corporate governance basics.
   • Clear Ownership Structure: One individual (Mr Chun Hei Clark Leung) holds 75-100% of shares and voting rights, simplifying control and decision-making.
   • No Indications of Insolvency or Legal Issues: The company is active, not in liquidation or administration, and there are no disqualifications or regulatory flags noted.

4. Due Diligence Notes:

   • Verify the company’s business plan or intentions for trading given the dormant status and diverse SIC codes listed.
   • Investigate the background and business experience of the current director and any supporting management team.
   • Monitor for any upcoming trading activity or changes in financial position that might affect liquidity and solvency.
   • Confirm absence of contingent liabilities or off-balance sheet commitments that could impact financial stability.