SHORE HIRE LTD

Executive Summary

SHORE HIRE LTD is a dormant company with minimal financial activity and nominal net assets, presenting low solvency and liquidity risks at present. Its compliance with filing deadlines and consistent dormant status support a low-risk profile, though the absence of operational history and capital buffers warrants scrutiny if the company plans to commence trading. Further investigation into future intentions and governance structure is advised to fully assess operational stability.

SHORE HIRE LTD - Analysis Report

Company Number: 13593343

Analysis Date: 2025-07-20 16:16 UTC

1. Risk Rating: LOW
   Justification: SHORE HIRE LTD is a dormant private limited company with no trading activity reflected in its accounts. The company shows minimal financial activity, has filed accounts and confirmation statements on time, and maintains a nominal net asset value of £1, consistent with a non-operational entity. There are no signs of financial distress or regulatory non-compliance.

2. Key Concerns:

• Lack of operational activity: Being dormant means no trading or revenue generation, which poses a risk if the company intends to start trading without adequate preparation or capital.
• Minimal net assets: Shareholders’ funds stand at £1, indicating no capital buffer to absorb future liabilities or losses once trading commences.
• Single director structure: Sole director arrangement could increase governance risk, especially if the company transitions to an active trading status without additional oversight.

3. Positive Indicators:

• Up-to-date filings: Both accounts and confirmation statements have been filed on time, showing compliance with statutory requirements.
• Dormant status maintained consistently: No changes in net assets or financial position, which reduces the risk of hidden liabilities or deteriorating financial health.
• Clear director appointment and address records: Transparency on governance structure aids in accountability.

4. Due Diligence Notes:

• Confirm the company’s future business plans and capital structure if it intends to commence trading.
• Verify that no undisclosed liabilities or contingent obligations exist despite dormant status.
• Review the background and capacity of the sole director to manage any potential transition to an active business.
• Assess related party transactions or loans if the company becomes operational.