ONCODE IT CORP LTD

Executive Summary

ONCODE IT CORP LTD is a newly established private limited company currently dormant with minimal financial substance and no trading activity. While compliant with filing obligations, the absence of operational data and cash reserves presents a high risk for investors. Close monitoring and additional due diligence on future business plans and director credentials are essential before considering investment.

ONCODE IT CORP LTD - Analysis Report

Company Number: 15017157

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

1. Risk Rating: HIGH
   Justification: The company is newly incorporated (2023) and currently dormant with nominal net assets (£1) and zero cash reserves. No trading activity is reported, indicating no operational cash flow or revenue generation. This presents a high risk concerning solvency and liquidity.

2. Key Concerns:

• Dormant status with zero cash and minimal net assets implies no current trading or income sources to meet liabilities.
• Very limited financial history and no operational data to assess business sustainability or growth prospects.
• Single director and sole shareholder with concentrated control may pose governance and succession risks.

3. Positive Indicators:

• The company is compliant with filing requirements: accounts and confirmation statements are up to date and not overdue.
• The director has acknowledged responsibilities and signed the dormant accounts, indicating some adherence to corporate governance.
• The company’s SIC codes align with potentially scalable sectors in IT and web portals, which could offer future growth if activated.

4. Due Diligence Notes:

• Investigate the business plan and funding sources to understand how and when the company intends to commence active operations.
• Confirm the background and track record of the sole director to assess management capability and integrity.
• Monitor for any changes in financial status or trading activity in subsequent filings to detect shifts in operational stability.