Company Number: 14510826

Analysis Date: 2025-07-29 15:25 UTC

1. Risk Rating: HIGH
   Justification: SECURO K9 LTD is a newly incorporated private limited company (Nov 2022) classified as dormant with minimal financial activity and nominal net assets (£1). There are no employees, no revenues or expenses reported, and no operational financial data beyond statutory minimal filings. The company’s financial position shows a single unit of currency as current assets and net assets, indicating no substantive business activity or capital base. This presents a high risk regarding solvency and liquidity as there is no evidence of ability to meet obligations or sustain operations.

2. Key Concerns:

• Dormant status with no trading activity or operational financial data for two financial years, indicating lack of business substance or revenue generation.
• Minimal net assets (£1) and current assets, which suggests extremely limited liquidity and no cushion to absorb liabilities or financial shocks.
• Recent director change and multiple company name changes within a short timeframe could indicate instability or restructuring, which warrants further scrutiny.

3. Positive Indicators:

• All statutory filings (accounts and confirmation statements) are up to date with no overdue filings or penalties, indicating compliance with regulatory requirements.
• Company status is active and not in liquidation, administration or receivership.
• Clear ownership and control structure with a single major shareholder and director recently appointed, which can simplify governance and decision-making.

4. Due Diligence Notes:

• Investigate the company’s business plan or intended operations to understand the rationale for continued dormancy and minimal financial activity.
• Confirm if any off-balance sheet arrangements or related party transactions exist that are not reflected in the dormant accounts.
• Assess the background and track record of the current director and major shareholder for capability and credibility in executing the business strategy.
• Clarify the reasons behind multiple name changes in early 2024 and their impact on business continuity or branding.