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.