OWN SOURCE ENERGY LTD

Executive Summary

OWN SOURCE ENERGY LTD currently operates as a dormant company with no trading activity and minimal net assets, presenting significant risk from a solvency and liquidity perspective. While regulatory compliance is maintained and ownership is clearly defined, the lack of operational history and recent director resignation warrant further investigation before considering investment. The company’s future viability depends on its plans to transition from dormancy to active trading.

OWN SOURCE ENERGY LTD - Analysis Report

Company Number: 14357948

Analysis Date: 2025-07-29 18:26 UTC

1. Risk Rating: HIGH

Justification: OWN SOURCE ENERGY LTD is a dormant company with minimal financial activity reported since incorporation in 2022. The net assets and shareholders’ funds remain nominal at £10, indicating no substantive operational or financial transactions. The company’s dormant status and lack of trading history present significant uncertainty regarding its ability to meet future obligations or sustain operations.

2. Key Concerns:

• Dormant Status and Lack of Trading Activity: The company has filed dormant accounts for consecutive years, implying no revenue generation or business operations to support solvency or liquidity.
• Minimal Net Assets: Net assets and shareholders’ funds stand at only £10, which is insufficient to cover any meaningful liabilities, indicating a very weak financial position.
• Director Turnover: One director resigned recently (July 2025), which may suggest changes or instability in management, though reasons are not disclosed.

3. Positive Indicators:

• Up-to-Date Filings: The company is current with its accounts and confirmation statement filings, indicating compliance with regulatory requirements.
• Clear Ownership Structure: Two directors each hold significant control (25-50%) with voting rights and director appointment powers, suggesting clarity in governance.
• No Indications of Insolvency or Formal Proceedings: The company is active and not under liquidation or administration.

4. Due Diligence Notes:

• Investigate the company’s intended business plans and timeline for commencing trading given its dormant status since incorporation.
• Clarify the circumstances and implications of the recent director resignation and assess any impact on operational continuity.
• Review any off-balance-sheet arrangements or contingent liabilities not captured in dormant accounts.
• Confirm whether there are any related party transactions or shareholder loans that might affect financial stability once trading commences.