RB REALISATIONS LIMITED

Risk Rating: HIGH Justification: The company is explicitly marked as in liquidation and dissolved (or dissolving). This represents the highest level of solvency and operational risk; the entity is no longer a going concern and is actively winding down its affairs, meaning any investment or credit exposure would almost certainly result in a total loss.

Key Concerns: * Terminal Insolvency: The company status confirms it is in liquidation. This indicates an absolute failure of solvency, meaning the company cannot meet its financial obligations as they fall due and is undergoing formal closure. * Severe Information Asymmetry: The last filed accounts were made up to September 30, 2012. There is over a decade of missing financial data, making it impossible to assess the trajectory of the company's decline or the current value of any remaining assets. * Asset Realisation Status: The company changed its name from "ROSEBIRCH LIMITED" to "RB REALISATIONS LIMITED" in April 2015. In UK corporate practice, appending "Realisations" to a company name is a standard convention used by insolvency practitioners when a company enters liquidation and its assets are being "realised" (sold off) for the benefit of creditors. This confirms the cessation of normal trading operations.

Positive Indicators: * There are no positive financial or operational indicators for an institutional investor. The entity is insolvent and being wound up. * The only administrative positive is that the accounts and confirmation statements are not flagged as overdue. However, this is standard for companies in liquidation, as filing requirements are typically managed by the appointed insolvency practitioner rather than the directors.

Due Diligence Notes: * Insolvency Practitioner Records: Identify the appointed liquidator to understand the timeline for distribution, the estimated recovery rate for creditors, and whether the liquidation is a Members' Voluntary Liquidation (solvent) or a Creditors' Voluntary Liquidation (insvent). Given the data, a CVL is highly probable. * Director Track Record: Investigate the director, Stephen Andrew FLYNN. It is critical to determine if he has a history of directorships entering liquidation, which could indicate serial failures or, in a worst-case scenario, potential disqualification risks. Check the Insolvency Service records for any past or pending disqualification orders. * Pre-Pack/Phoenix Activity: Investigate whether the original trading business of "Rosebirch Limited" was sold to a connected party or new entity prior to the liquidation (a "pre-pack" sale). This is vital for understanding if the underlying business still operates under a different corporate shell and whether that new entity poses any contingent risks. * Dissolution Date Clarification: The data shows a dissolution date of August 28, 2026. This is likely a projected or pending date set by the liquidator upon completion of the winding-up process. Verify the exact legal status with Companies House to confirm whether the company is currently in active liquidation or simply awaiting final striking off.