PIERRE LE PENNEC CONSULTING LTD

Executive Summary

PIERRE LE PENNEC CONSULTING LTD is a dormant private limited company with minimal net assets and no recent trading activity, resulting in a high risk rating. While the company remains compliant with filing requirements and governance transparency, the significant reduction in net assets and lack of operational data present concerns regarding financial sustainability and solvency. Further due diligence is recommended to understand the company’s status and future intentions.

PIERRE LE PENNEC CONSULTING LTD - Analysis Report

Company Number: 13239023

Analysis Date: 2025-07-29 14:15 UTC

1. Risk Rating: HIGH

   Justification: The company is classified as dormant for the latest financial year ending 31 March 2024, reporting net assets and shareholders’ funds of only £1, which indicates no active trading or financial activity. Historical data shows a significant reduction from net assets of approximately £23,000 reported in 2021-2023 to £1 in 2024, suggesting a cessation of business operations or asset disposals. This raises concerns about the company’s capacity to meet financial obligations or generate income.

2. Key Concerns:

   • Dormant Status with Minimal Net Assets: The company has filed dormant accounts for the latest period, with net assets reduced to nominal value (£1), indicating no ongoing business operations or financial activity.
   • Significant Decline in Net Assets: Prior years showed net assets around £23,000, but this has dropped sharply, which may reflect asset disposal or lack of business sustainability.
   • Limited Financial Information and Activity: The company holds only £1 in share capital and no recent turnover or operational data is available, limiting the ability to assess liquidity or operational stability.

3. Positive Indicators:

   • Compliance with Filing Requirements: The company is up to date with its accounts and confirmation statement filings with no overdue returns or penalties noted.
   • Clear Ownership and Management: The sole director and person with significant control is identified, providing transparency in governance.
   • No Signs of Insolvency Proceedings: The company is active and not in liquidation, administration, or receivership.

4. Due Diligence Notes:

   • Investigate the reasons for the dormant status and significant drop in net assets between 2023 and 2024.
   • Confirm whether the company has any contingent liabilities, debts, or pending obligations not reflected in dormant accounts.
   • Verify the company's business plans or intentions—whether it is temporarily inactive, restructuring, or winding down.
   • Review related party transactions or asset transfers that may explain changes in financial position.
   • Assess the financial position and conduct records of the sole director for potential risks.