Company Number: 13583710

Analysis Date: 2025-07-29 20:06 UTC

1. Risk Rating: HIGH
   Justification: PENNINGTON FIRE LTD is classified as a dormant company with negligible financial activity and minimal net assets (£1). The company shows no operational trading or revenue generation, indicating an absence of business activity that raises significant concerns regarding its financial viability and ability to meet obligations.

2. Key Concerns:

   • Dormant Status with Minimal Assets: The company has consistently reported net assets and cash of only £1 over multiple years, indicating no operational business or financial substance.
   • Lack of Revenue and Profitability Data: There are no recorded revenues, profits, or liabilities, meaning no evidence of commercial activity or cash flow to support operations or creditor obligations.
   • Director Turnover and Limited Transparency: Frequent changes in directors within a short time frame may suggest instability in governance or strategic direction, which is a concern despite the company's dormant status.

3. Positive Indicators:

   • Compliance with Filing Requirements: The company is up to date with its annual accounts and confirmation statement filings, showing regulatory compliance and no overdue filings.
   • Active Website and Professional Service Description: Although dormant, the associated website describes professional services in property surveying and consultancy, potentially indicating a related active business under a different entity or brand identity.
   • No Insolvency or Liquidation Status: The company is active and not undergoing liquidation, administration, or receivership, implying no current formal financial distress proceedings.

4. Due Diligence Notes:

   • Investigate the relationship between PENNINGTON FIRE LTD and any trading entities operating under the Pennington brand to understand operational sustainability and business structure.
   • Review director background and turnover reasons to assess governance stability and any risks associated with management changes.
   • Confirm if the dormant status is strategic (e.g., holding company, future use) or indicative of business inactivity and potential redundancy.