Company Number: 14992943

Analysis Date: 2025-07-20 12:06 UTC

1. Risk Rating: HIGH
   Given the company’s dormant status with nominal net assets (£1) and cash (£1), there is a high risk related to solvency and operational sustainability. The absence of trading activity indicates no current revenue stream or trading history to support creditor obligations.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts, meaning no trading or operational activity, which implies no income generation and potential inability to meet liabilities if they arise.
• Minimal Financial Resources: With only £1 in cash and net assets, the company has no financial buffer to cover any expenses or liabilities.
• Single Director and PSC Control: Mr. Paul Greenfield holds 100% ownership and control, concentrating risk in one individual’s capacity and decisions without evidence of broader governance.

3. Positive Indicators:

• Compliance with Filing Deadlines: The company is up to date with accounts and confirmation statement filings, showing adherence to regulatory requirements despite dormancy.
• Clear Ownership and Management: The director’s background as an accountant may suggest professional oversight and understanding of compliance requirements.
• No Evidence of Financial Distress Filings: The company is not in liquidation, administration, or receivership, indicating no formal insolvency proceedings.

4. Due Diligence Notes:

• Verify the company’s future business plans to assess if and when it intends to commence trading and generate revenue.
• Review any inter-company transactions or related party dealings that may impact financial position once trading starts.
• Confirm the absence of contingent liabilities or off-balance-sheet obligations that could affect solvency upon activation.
• Investigate the director’s full business history for any prior company failures or compliance issues.