Company Number: 13461978

Analysis Date: 2025-07-20 18:05 UTC

1. Risk Rating: HIGH
   Justification: The company has minimal reported financial activity, with cash, net current assets, and shareholders' funds reported at only £1 over multiple years. This extremely low asset base and lack of detailed financial performance data suggest significant solvency and liquidity risks.

2. Key Concerns:

• Solvency Risk: The balance sheet shows virtually no assets beyond nominal share capital, raising doubts about the company’s ability to meet liabilities or sustain operations.
• Liquidity Concerns: Cash holdings are reported as £1 consistently, indicating no meaningful liquid resources to support business activities or obligations.
• Operational Stability: Absence of income statement and profit/loss information limits assessment but persistent minimal financial activity over four years implies very limited or no ongoing operations.

3. Positive Indicators:

• Compliance: The company is up to date with filing of accounts and confirmation statements, with no overdue filings or penalties noted.
• Governance: There is a single director with clear control and no adverse director conduct records, reducing governance risk.
• Clear ownership structure: The company has a defined PSC structure with no conflicting control issues.

4. Due Diligence Notes:

• Investigate the nature of the company’s business activities given the SIC code “Financial intermediation not elsewhere classified” but negligible financial figures.
• Confirm whether the company is dormant or operating at a minimal scale despite being active.
• Review any off-balance sheet liabilities or contingent risks not captured in the limited financial statements.
• Clarify why income statement and profit/loss data are not provided and assess profitability or loss history.
• Understand sources of funding and financial support if any, considering the minimal asset base.