PIPPA SYSTEMS LTD

Executive Summary

PIPPA Systems Ltd is a newly formed private limited company currently dormant with minimal financial resources and no trading activity. While compliant with filing requirements, the lack of operational data and negligible cash reserves present significant solvency and liquidity risks. Further due diligence should focus on the company’s plans for commencing business and the directors’ capacity to finance and manage operations.

PIPPA SYSTEMS LTD - Analysis Report

Company Number: 14850360

Analysis Date: 2025-07-29 17:51 UTC

1. Risk Rating: HIGH
   The company is newly incorporated with minimal financial activity, very low cash reserves (£300), and no recorded income or employees. The absence of trading and operational history significantly increases solvency and liquidity risk.

2. Key Concerns:

• Dormant Status: The accounts confirm the company was dormant throughout the first financial period, indicating no trading activity or revenue generation.
• Minimal Financial Resources: Cash on hand is only £300 with no other assets or liabilities, suggesting no available working capital to meet obligations or fund operations.
• Lack of Operational Data: No income statement filed, no employees, and no evidence of business activities or contracts raises concerns about sustainability and future viability.

3. Positive Indicators:

• Compliance with Filings: The company is up to date with its statutory accounts and confirmation statement filings, showing regulatory compliance so far.
• Clear Ownership Structure: Three directors each hold equal shares and voting rights, which may facilitate straightforward governance and decision-making.
• No Indication of Legal or Insolvency Issues: The company is not in liquidation or administration, and directors have no recorded disqualifications.

4. Due Diligence Notes:

• Investigate the business plan and timeline for activating trading operations, including expected revenues and capital funding sources.
• Review directors' backgrounds and any other business interests to assess capability and intent.
• Monitor upcoming filings and any changes in financial position or corporate activity for signs of development or distress.