RE SPRUNG LTD

Executive Summary

RE SPRUNG LTD is a newly formed private limited company currently dormant with minimal financial resources and no operational history. While regulatory compliance is satisfactory, the lack of trading activity and negligible capital present a high risk to solvency and liquidity. Close monitoring and further investigation into the company’s business plans and management credentials are essential before considering investment.

RE SPRUNG LTD - Analysis Report

Company Number: 15215037

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

1. Risk Rating: HIGH
   The company is very newly incorporated (October 2023), has filed dormant accounts with minimal activity, negligible cash balance (£100), and no substantive assets or liabilities. This indicates the company has not yet engaged in trading or generated any revenue, posing high uncertainty and risk regarding financial sustainability and operational viability.

2. Key Concerns:

• Dormant status with minimal financial activity: The company filed dormant accounts, implying no trading or income to support operations or meet liabilities.
• Insufficient capital and liquidity: Cash and net assets stand at only £100, far below typical operational requirements, raising concerns about the ability to fund business activities or cover expenses.
• Limited operational history: Incorporated less than a year ago with no financial track record, making it difficult to assess business model viability or management effectiveness.

3. Positive Indicators:

• Compliance with filing requirements: Accounts and confirmation statements are up to date and not overdue, indicating adherence to regulatory obligations thus far.
• Clear ownership and control: Single director and 75-100% shareholder control by Mr. Asif Moosa, providing straightforward governance and accountability.
• Specific SIC code classification: The company has a defined business sector (manufacture of mattresses), which may facilitate focused due diligence and market analysis.

4. Due Diligence Notes:

• Investigate business plan and funding sources: Understand how the company intends to transition from dormancy to active operations and what capital resources are available.
• Verify director’s experience and background: Evaluate Mr. Moosa’s track record in mattress manufacturing or related industries to assess operational capability.
• Monitor future filings and financial statements: Review upcoming accounts for signs of trading activity, revenue generation, and improving financial health.