Company Number: 13944120

Analysis Date: 2025-07-29 16:27 UTC

1. Risk Rating: HIGH
   Justification: The company is classified as dormant with minimal financial activity and negligible net assets (£1). No trading history or financial performance data is available, indicating it is not currently operational or generating revenue. This raises significant concerns regarding the company’s ability to meet financial obligations or sustain operations.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts since incorporation, implying no trading activity and no income generation. This poses a solvency risk if liabilities arise unexpectedly.
• Minimal Share Capital and Net Assets: Share capital is only £2 with net assets of £1, which is insufficient to cover any meaningful liabilities or operational costs.
• Recent Director Changes and Control: A major shareholder/director change occurred recently (March 2025), which may suggest restructuring or uncertainty in management continuity. Also, conflicting PSC data showing both individuals and an entity controlling 75-100% could indicate governance ambiguity.

3. Positive Indicators:

• Up-to-date Filings: Accounts and confirmation statements are filed on time with no overdue filings, reflecting regulatory compliance and good standing with Companies House.
• Clear Industry Classification: The company is registered under SIC 43342 (Glazing), consistent with its stated business activity (windows and doors), which is helpful for sector analysis if operations commence.
• Active Website Domain: The company’s website domain is active, which could indicate preparation for future operational activity or marketing efforts.

4. Due Diligence Notes:

• Investigate the reason for continued dormancy since incorporation and any plans for commencement of trading or business activities.
• Clarify the shareholding structure and control rights, especially regarding the apparent overlap between individual PSCs and the secretarial company holding majority control.
• Assess any off-balance sheet liabilities or contingent obligations that may not appear in dormant accounts but could impact solvency.
• Review directors’ intentions and background, particularly the new director appointed in 2025, to understand strategic direction and financial backing.