SEKOND CHANCE LTD

Executive Summary

SEKOND CHANCE LTD is currently a dormant private limited company with minimal financial activity and net assets of £1. Compliance with statutory filing obligations is up to date, mitigating regulatory risk. However, the absence of trading and financial substance means operational and liquidity risks cannot yet be assessed, warranting further inquiry if the company plans to commence trading.

SEKOND CHANCE LTD - Analysis Report

Company Number: 14294317

Analysis Date: 2025-07-20 14:18 UTC

1. Risk Rating: LOW
   The company is rated low risk primarily because it is dormant, with no trading activity or liabilities reported, minimal financial complexity, and timely filings. There is no indication of financial distress or operational issues.

2. Key Concerns:

• Dormant status indicates no current trading activity, raising questions about operational viability and future sustainability.
• Extremely minimal net assets (£1) and shareholder funds, reflecting essentially no financial substance.
• Lack of financial performance data due to dormancy limits insight into business prospects or cash flow capabilities.

3. Positive Indicators:

• The company is fully compliant with filing requirements; accounts and confirmation statements are up to date and not overdue.
• No signs of insolvency proceedings or regulatory non-compliance.
• Active website and contact details suggest readiness for future business operations.

4. Due Diligence Notes:

• Investigate the company’s plans for activation or trading since it has remained dormant since incorporation in 2022.
• Confirm intended business model and funding sources once operational.
• Review director background and any related party transactions when the company becomes active.
• Monitor future accounts for changes in asset base, liabilities, and trading activity.