Company Number: 14606036

Analysis Date: 2025-07-29 20:25 UTC

1. Risk Rating: LOW
   Radnor Rum Ltd is a newly incorporated, dormant private limited company with minimal financial activity and negligible reported assets and liabilities. There are no overdue filings or compliance issues, indicating low immediate risk.

2. Key Concerns:

• Dormant Status with Minimal Assets: The company shows only £1 in cash and net assets, reflecting no operational activity or revenue generation to date, which could pose future solvency risks if capital is not injected.
• Single Director and Shareholder Control: Anthony Robert Watts, along with Welsh Shepherd Spirits Limited, holds full control. This concentration of control can pose governance risks, particularly if the company begins operations.
• Lack of Financial History: Being newly formed and dormant, there is no financial track record to assess operational stability or business viability.

3. Positive Indicators:

• Compliance with Filings: All statutory filings, including accounts and confirmation statements, are up to date with no overdue status or penalties, reflecting good regulatory compliance.
• Clear Ownership and Control Structure: Ownership and control are transparently declared with PSC notifications, aiding governance oversight.
• No Insolvency or Liquidation Status: The company is active and not subject to any insolvency procedures.

4. Due Diligence Notes:

• Verify the business plan and capital funding intentions given the dormant status and minimal financial resources.
• Monitor for any changes in operational status or financial activity in forthcoming accounts.
• Assess the background and reputation of the controlling entities and director, especially in relation to the planned wholesale alcohol trade activity.
• Confirm whether the name change from Radnor Distillery Ltd to Radnor Rum Ltd reflects a strategic business shift or restructuring.