PATIENTS FIRST AMBULANCE SERVICE LTD

Executive Summary

PATIENTS FIRST AMBULANCE SERVICE LTD is a newly formed dormant company with minimal financial resources and no trading history, presenting a high risk from a solvency and liquidity perspective. While regulatory compliance is currently maintained, the company's operational viability and governance structure require careful monitoring as it transitions to active status.

PATIENTS FIRST AMBULANCE SERVICE LTD - Analysis Report

Company Number: 15206287

Analysis Date: 2025-07-19 12:21 UTC

1. Risk Rating: HIGH

Justification: The company is newly incorporated (October 2023), currently dormant with minimal financial activity (cash £100, net assets £100), and no operating history. This indicates it has not yet commenced substantive business. The absence of turnover and negligible financial resources present a high risk for solvency and liquidity until operational activities begin.

2. Key Concerns:

• Dormant status with virtually no assets or financial activity, implying no current revenue generation or cash flow.
• Very recent director turnover (one director resigned within months of appointment), raising questions about management stability.
• Complex shareholding structure involving multiple entities owning significant stakes, including a Seychelles-based shareholder, which may warrant scrutiny for governance and control transparency.

3. Positive Indicators:

• Company is compliant with filing requirements to date (accounts and confirmation statements up to date, no overdue filings).
• Clear documentation of dormant company exemption and preparation under small companies regime indicates adherence to regulatory accounting standards.
• Presence of a UK-based director with business experience and a registered office address in England.

4. Due Diligence Notes:

• Investigate business plan and timeline for transition from dormant to active trading, including expected sources of revenue and capital.
• Review background and reputation of significant shareholders, especially the overseas entity, to assess governance and potential risks.
• Monitor for future filings indicating commencement of operations, financial performance, and any changes in director appointments or company status.