Company Number: 15220672

Analysis Date: 2025-07-29 12:51 UTC

1. Risk Rating: HIGH

   Justification: The company is newly incorporated (October 2023) and filed dormant accounts for the financial year ending October 2024. Its financials show nominal cash (£1), net assets (£1), and shareholders’ funds (£1), indicating no trading activity or operational substance to date. This lack of financial activity presents a high risk regarding solvency, liquidity, and operational stability.

2. Key Concerns:

   • Dormant Status: The company’s dormant classification means it has not generated revenue or incurred expenses, raising questions about its viability and ability to meet future obligations.
   • Minimal Financial Resources: With only £1 in cash and net assets, the company lacks working capital to support operations or absorb losses.
   • New Company with No Operating History: Incorporated less than one year ago with no trading history, there is no evidence of business sustainability or regulatory compliance beyond initial filings.

3. Positive Indicators:

   • Compliance with Filing Requirements: No overdue accounts or confirmation statements suggest the company is maintaining statutory compliance.
   • Clear Ownership and Control: Single director and 75-100% shareholder ownership by the same individual provide straightforward governance and accountability.
   • Industry Classification: The company’s SIC codes cover roofing, plastering, and construction activities, which are established sectors with ongoing demand, potentially signaling future business plans.

4. Due Diligence Notes:

   • Investigate the company’s business plan and timeline for commencing trading activities.
   • Confirm the director’s experience and capacity to develop the business in the construction sector.
   • Monitor subsequent filing periods for signs of operational activity, revenue generation, and financial health improvements.
   • Verify if there are any external funding arrangements or planned capital injections.