Company Number: 13538834

Analysis Date: 2025-07-20 17:46 UTC

1. Risk Rating: HIGH
   Justification: RL DISTRIBUTION LTD is a dormant private limited company with minimal financial activity and nominal net assets (£1). The company has no employees and no substantive operational or financial history beyond registration. The absence of trading and meaningful financial data indicates a high risk of operational and solvency concerns for an investor.

2. Key Concerns:

• Dormant Status: The company is classified as dormant with no trading activity or revenue, raising questions about ongoing operational viability and business sustainability.
• Minimal Financial Substance: Balance sheet values are nominal (£1 cash and net assets), indicating no working capital or financial buffer to meet obligations.
• Single Director and Shareholder Control: Complete control by one individual (Mrs Rositsa Lazarova) presents concentration risk and limited oversight or governance transparency.

3. Positive Indicators:

• Compliance: All filings including accounts and confirmation statements are up to date and not overdue, demonstrating regulatory compliance and good standing at Companies House.
• Clear Ownership and Directorship: Ownership and control are transparent and current, with no indications of director disqualification or adverse records.
• Incorporated Recently: The company’s recent incorporation (2021) means limited legacy risk or historical problems.

4. Due Diligence Notes:

• Investigate Business Model: Clarify why the company is dormant despite its freight transport SIC code, and if there are plans for future trading or asset acquisition.
• Examine Related Entities: Review any affiliated or parent companies for operational activity or support arrangements.
• Assess Director Intentions and Financial Support: Confirm whether the director plans to activate the company’s operations or maintain it as a dormant holding, and any capital injection plans.