SHARING PROJECTS COMMUNITY LTD

Executive Summary

Sharing Projects Community Ltd is a newly incorporated micro-entity with minimal financial activity and net assets of £59, reflecting no trading or operational presence to date. While regulatory filings are current, the absence of revenue, employees, and substantial assets presents significant solvency and liquidity concerns. Further due diligence is necessary to understand the company’s business purpose and governance stability before considering any investment.

SHARING PROJECTS COMMUNITY LTD - Analysis Report

Company Number: 14802748

Analysis Date: 2025-07-29 15:14 UTC

1. Risk Rating: HIGH
   The company exhibits a high risk profile primarily due to its extremely limited financial footprint and lack of operational data. With only £59 in net assets, no current assets or liabilities, zero employees, and no reported turnover or trading activity, the company’s ability to meet obligations or sustain operations is highly questionable.

2. Key Concerns:

• Lack of Financial Substance: The micro-entity accounts show negligible assets (£59) and zero current assets/liabilities, indicating no operational business or trading activity during the period.
• No Revenue or Employees: Absence of any employees or turnover suggests the company is either dormant or in the very early stages of setup without proven business operations.
• Concentration of Control and Recent Director Changes: Significant shareholding and control is concentrated in two individuals (both Italian nationals resident in Italy), with one director resigning within six months of incorporation. This raises governance and continuity questions.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its accounts and confirmation statement filings, with no overdue returns or accounts, which demonstrates regulatory compliance.
• Clear Ownership and Director Information: Transparency regarding persons with significant control and director appointments is maintained.
• No Indication of Insolvency or Liquidation: The company status is active with no insolvency proceedings underway.

4. Due Diligence Notes:

• Investigate the company’s business plan or commercial activity to confirm operational viability given the lack of trading evidence.
• Clarify the reason behind the director resignation shortly after incorporation and assess any impact on management stability.
• Review any off-balance sheet liabilities or contingent obligations not reflected in the accounts.
• Confirm the source and nature of the £59 capital and whether further funding or investment is planned.
• Assess the ultimate beneficial ownership and control structure for risks related to foreign residency of controllers.