SHB DIAMOND DRILLING LTD

Executive Summary

SHB Diamond Drilling Ltd has been dormant since incorporation in 2022 with minimal assets and no operational activity, presenting a high risk from a financial and operational perspective. While regulatory filings are current, the lack of trading history and limited financial substance raise significant concerns about sustainability and solvency. Further investigation into the company’s future plans and associated risks is recommended before any investment consideration.

SHB DIAMOND DRILLING LTD - Analysis Report

Company Number: 14267819

Analysis Date: 2025-07-29 16:37 UTC

1. Risk Rating: HIGH
   The company is classified as dormant, with minimal financial activity and very limited assets (£100 net assets consistently over three years). There is no evidence of operational income or expenses, no employees, and no substantive trading activity, which raises concerns about the company's ability to meet obligations or generate cash flow.

2. Key Concerns:

• Dormant status with negligible financial activity: Indicates the company is not currently trading or generating revenue, which is a serious red flag for operational sustainability.
• Minimal net assets (£100) and no current liabilities information: The balance sheet size is very small, limiting financial resilience and raising solvency risk if liabilities or operational expenses arise.
• Single director with 75-100% control and no apparent business activity: Concentrated control without operational activity increases governance risk and questions the purpose and future of the entity.

3. Positive Indicators:

• Compliance with statutory filing deadlines: Accounts and confirmation statements are up to date with no overdue filings, suggesting the company maintains regulatory compliance.
• Clear control and ownership structure: The person with significant control is identified, which aids transparency.
• Recent name change filed properly: Demonstrates some level of corporate housekeeping and attention to formal requirements.

4. Due Diligence Notes:

• Investigate the company’s intended business model and plans for activation or trading since incorporation in 2022, given prolonged dormancy.
• Confirm absence of undisclosed liabilities or contingent obligations that might impact solvency once operational.
• Review director’s background and related entities to assess if this company is a holding entity, shell, or dormant placeholder for other activities.
• Assess reasons behind the recent name change and any associated strategic business shifts.
• Verify whether any dormant status exemptions have been correctly applied and whether the company intends to file full accounts upon activation.