ONCODE IT CORP LTD
Company number 15017157 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
ONCODE IT CORP LTD - Analysis Report
Company Number: 15017157
Analysis Date: 2025-07-29 12:07 UTC
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.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.
- 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.
- 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.
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