Company Number: 14062639

Analysis Date: 2025-07-19 11:52 UTC

1. Risk Rating: HIGH
   Justification: PUPI LTD is a dormant company with minimal financial activity, reflected in its negligible cash balance (£1) and net assets (£1) over three consecutive years. The company holds no significant assets or liabilities, indicating no ongoing operational activity or revenue generation. This raises concerns about its ability to meet any future obligations or sustain operations.

2. Key Concerns:

• Dormant Status with Minimal Financial Substance: The company shows no trading activity or financial growth since incorporation, which may imply inactivity or lack of business development.
• Insufficient Liquidity: The cash balance of £1 is inadequate to cover any operational expenses or liabilities, suggesting a potential inability to meet short-term obligations.
• Single Director and Shareholder Control: The sole director and 100% shareholder (Marco Marcari) centralizes control, which may pose governance risks if oversight is limited.

3. Positive Indicators:

• Compliance with Filing Requirements: The company has filed its dormant accounts and confirmation statements on time, indicating regulatory compliance.
• Clear Ownership and Control Structure: Ownership and control are transparent, with a single known individual responsible for the company.
• No Indication of Insolvency or Legal Proceedings: The company is active and not undergoing liquidation, administration, or receivership.

4. Due Diligence Notes:

• Investigate Business Intentions: Clarify the company’s purpose and plans for future trading or asset acquisition, as current dormancy limits financial analysis.
• Review Director’s Background: Assess the director’s professional history and any potential conflicts of interest given sole control.
• Monitor Future Filings: Ensure ongoing compliance and watch for any changes in financial activity or structure that could impact risk.