Company Number: 12412822

Analysis Date: 2025-07-20 18:26 UTC

1. Risk Rating: HIGH
   Justification: The company is classified as dormant with minimal financial activity and cash balance of £1. Net assets and shareholder funds remain at £1 over multiple years, indicating no trading, operational income, or financial growth. This profile suggests an inability to generate revenue or meet liabilities beyond the nominal share capital.

2. Key Concerns:

• Dormant status with no turnover or operational activity raises solvency and liquidity concerns. The company lacks cash flow and assets to meet obligations beyond the nominal share capital.
• Absence of financial transactions over several years implies no business sustainability or growth prospects. This may lead to business obsolescence or regulatory non-compliance risks if operations were to resume without proper capital injection.
• No persons with significant control (PSC) disclosed, which may impact transparency and governance assessment. The single director is also the sole shareholder, suggesting limited oversight.

3. Positive Indicators:

• The company is fully compliant with filing requirements, with up-to-date dormant accounts and confirmation statements filed on time and no overdue filings.
• Legal and regulatory compliance appears satisfactory based on submitted accounts and director statements.
• The director is an individual with a fixed address, simplifying accountability.

4. Due Diligence Notes:

• Investigate the intended business purpose and plans for ONLY SPECIAL OFFERS LIMITED, given the dormant status since incorporation in 2020.
• Confirm the absence of contingent liabilities or off-balance-sheet obligations that could impact solvency.
• Verify the background and reputation of the sole director for any past directorships or regulatory issues.
• Clarify if there are any related party transactions or plans for capitalization to support future trading.
• Confirm PSC information with the company directly despite lack of public entries.