Company Number: 13645313

Analysis Date: 2025-07-20 14:39 UTC

1. Risk Rating: HIGH
   Justification: The company is dormant with zero cash and minimal net assets (£100) consistently over several years. It has no operating history or financial activity, which indicates no current trading or revenue generation capacity. This presents a high solvency and liquidity risk if it were to commence operations without significant capital injection.

2. Key Concerns:

• Dormant Status: The company has been dormant since incorporation, showing no trading activity or cash flow, which raises concerns about its operational viability.
• Minimal Net Assets: Net assets and shareholders’ funds remain at £100, indicating no retained earnings or investment, limiting financial resilience.
• Directors and Control: Both directors and PSCs reside in Spain, which could complicate oversight and governance, though no compliance issues are evident.

3. Positive Indicators:

• Up-to-Date Filings: The company’s accounts and confirmation statements are filed on time, showing regulatory compliance and good administrative discipline.
• Simple Structure: Private limited company with only two directors and two PSCs, reducing complexity in ownership and decision-making.
• No Overdue Filings or Penalties: The company is in good standing with Companies House, indicating no immediate regulatory or compliance concerns.

4. Due Diligence Notes:

• Investigate Intentions: Clarify the business plan or reason for dormancy and minimal financial commitment, including plans for capitalization or trading commencement.
• Confirm Directors’ Engagement: Assess how actively the directors are involved given their overseas residence and ensure governance standards are maintained.
• Review Related Entities: Check if the company is part of a group or holding structure that supports its activities or finances, as this could mitigate standalone risks.