PARSONS PLASTICS ENGINEERING LIMITED

Executive Summary

Parsons Plastics Engineering Limited is a newly incorporated private limited company with dormant status and nominal financial figures indicating no operational activity to date. While it complies with regulatory filings and remains active, the absence of trading or financial substance presents high solvency and liquidity risk. Further investigation into future trading intentions and financial backing is recommended prior to any investment consideration.

PARSONS PLASTICS ENGINEERING LIMITED - Analysis Report

Company Number: 14330509

Analysis Date: 2025-07-20 15:31 UTC

1. Risk Rating: HIGH
   Justification: The company has minimal financial data with fixed figures of £1 across key balance sheet items for multiple years, indicating dormancy or non-operational status. There is no indication of trading activity or asset base, which poses significant solvency and liquidity risks.

2. Key Concerns:

• Dormant status: The accounts explicitly state the company was dormant throughout the current and prior periods, implying no trading income or operational cash flow.
• Minimal financial substance: Shareholders' funds, debtors, and net assets all stand at a nominal £1, showing no financial buffer or working capital to meet obligations.
• Lack of audit or independent verification: The company is exempt from audit and the accountant’s report confirms no verification of records, increasing risk of incomplete or inaccurate financial reporting.

3. Positive Indicators:

• Compliance with filing deadlines: Both accounts and confirmation statements are filed on time with no overdue notices, indicating good regulatory compliance.
• Active company status: The company remains registered and active with no insolvency proceedings underway.
• Clear governance: A named director is disclosed with no records of disqualification or regulatory issues noted.

4. Due Diligence Notes:

• Investigate the company’s business plans and timeline for commencing trading given the dormancy and nominal financials.
• Confirm whether there are any underlying assets, liabilities, or contingent obligations not reflected in the minimal accounts.
• Review director’s background and any related party transactions to assess potential financial support or future funding commitments.
• Assess whether the company is part of a larger group or holding structure, which might support its sustainability despite current dormancy.