QUICKPLAY LIMITED
Executive Summary
QUICKPLAY LIMITED is currently a dormant private limited company with minimal financial activity and no outstanding liabilities. The company maintains compliance with statutory filing requirements and displays a clean, though minimal, financial position. Investors should be aware that the company is not presently operational and should seek clarity on future business intentions before assessing operational or financial risk further.
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This analysis is opinion only and should not be interpreted as financial advice.
QUICKPLAY LIMITED - Analysis Report
Risk Rating: LOW
Given that QUICKPLAY LIMITED is a dormant company with minimal financial activity and no liabilities, the immediate financial risk is low. The company has complied with filing deadlines, and there is no indication of operational or regulatory distress.Key Concerns:
- Dormant Status: As a dormant company, there is no trading activity or revenue generation, which suggests no operational cash flow or business sustainability at this time.
- Minimal Financial Resources: Cash and net assets stand at only £2, indicating no substantive capital or liquidity. This is typical for a dormant entity but would be a concern if business activity were to commence without additional funding.
- Concentration of Control: Both directors hold significant control and share ownership (25-50%), which may increase governance risk if conflicts arise, though no actual issues are evident from the data.
- Positive Indicators:
- Compliance: The company has filed accounts and confirmation statements on time with no overdue filings or penalties noted.
- Clean Financial Position: No liabilities or debts are recorded; net assets are positive, albeit minimal, reflecting a clean balance sheet.
- Clear Governance: Directors are properly appointed and disclosed, with no evidence of disqualification or adverse records.
- Due Diligence Notes:
- Confirm the intended business plans or timeline for activating operations, since the company is currently dormant.
- Verify no undisclosed liabilities or contingent obligations exist beyond the filed dormant accounts.
- Monitor any upcoming filings or changes in status that may indicate business commencement or capital injection.
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