Company Number: 15013172

Analysis Date: 2025-07-29 18:12 UTC

1. Risk Rating: HIGH
   RIDDINGTONS PAYROLL LTD currently presents a high risk profile primarily due to its dormant status, minimal financial activity, and extremely limited asset base. The company shows virtually no operational or financial substance, which raises concerns about its capacity to meet future obligations or sustain any meaningful business activity.

2. Key Concerns:

• Dormant Status and Minimal Assets: The company is classified as dormant with total assets and net assets reported as £1, indicating that it has not conducted significant trading or generated revenue.
• Lack of Financial History and Performance Data: Given its recent incorporation in 2023 and dormant classification, there is no financial track record or profitability data to assess operational viability.
• Single Controlling Entity: The company is wholly controlled by Riddingtons Cis & Payroll Solutions Uk Ltd, which may limit transparency and increases dependency risk on the parent entity’s financial health and governance.

3. Positive Indicators:

• Compliance with Filing Requirements: Despite dormancy, the company has submitted its annual accounts and confirmation statements on time, showing regulatory compliance.
• Clear Governance: Two directors are appointed with no negative conduct records mentioned, indicating at least basic governance structures are in place.
• Active Website and Contact Information: The company maintains an active website and publicly available contact details, which supports legitimacy and operational readiness if activated.

4. Due Diligence Notes:

• Investigate the purpose behind the dormant status and whether there are plans to commence trading or operations.
• Examine the financial health and business rationale of the parent company Riddingtons Cis & Payroll Solutions Uk Ltd, as it has full control.
• Monitor future filings for any changes in asset base, liabilities, or operational activity signaling a transition from dormancy.
• Confirm whether the company holds any contingent liabilities or off-balance-sheet obligations not disclosed in dormant accounts.