RECOVERY HULL LIMITED
Executive Summary
RECOVERY HULL LIMITED is a dormant private limited company with minimal financial activity, maintained compliance, and no liabilities. While its dormant status limits operational insight, current filings and solvency position indicate low immediate financial risk. Further due diligence should focus on the company's intended business plans and governance arrangements.
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This analysis is opinion only and should not be interpreted as financial advice.
RECOVERY HULL LIMITED - Analysis Report
Risk Rating: LOW
The company is classified as dormant with minimal financial activity, no liabilities, and consistent nominal net assets. There is no indication of operational or financial distress.Key Concerns:
- Dormant Status: No trading activity means no revenue generation or operational track record, which limits assessment of business viability.
- Minimal Financial Data: Cash and net assets remain at £1, indicating no financial transactions or investments to evaluate.
- Single Director: Concentration of control with one director who is also the sole signatory; governance oversight may be limited.
- Positive Indicators:
- Compliance: All filings (accounts and confirmation statements) are up to date with no overdue returns or penalties.
- Solvency: No liabilities reported; net assets equal to share capital, indicating no creditor exposure or insolvency risk.
- Established Legal Entity: Active private limited company status with formal incorporation and registered office.
- Due Diligence Notes:
- Confirm the reason for continued dormancy and future business plans or timeline for activation.
- Verify if any off-balance sheet liabilities or commitments exist that are not reflected in dormant accounts.
- Assess the background and capability of the sole director, including any prior directorships or related party transactions.
- Investigate whether the company holds any assets or contracts that could impact future operations.
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