SIMBA DRIVE LIMITED

Executive Summary

SIMBA DRIVE LIMITED is a newly incorporated dormant company with minimal financial data and no operational history. While it demonstrates compliance with filing requirements and exhibits no immediate solvency or liquidity risks, the lack of trading activity limits assessment of its business viability. Further investigation into the company’s plans and director credentials is recommended before considering investment.

SIMBA DRIVE LIMITED - Analysis Report

Company Number: 14126153

Analysis Date: 2025-07-20 16:09 UTC

1. Risk Rating: LOW
   Justification: SIMBA DRIVE LIMITED is a dormant company with minimal financial activity, showing only nominal net assets and shareholders' funds of £1 over three years. It is compliant with filing requirements and shows no overdue accounts or returns, indicating no immediate solvency or liquidity concerns.

2. Key Concerns:

• Dormant Status: The company has no trading activity, which means it currently generates no revenue and is not operational. This raises questions about its future business plans and operational viability.
• Minimal Financial Data: The absence of financial transactions limits the ability to assess financial health, cash flow, or profitability, which are critical for investment decisions.
• Lack of Operational History: Incorporated in 2022 and remaining dormant, there is no track record of business performance or management execution in the used car sales sector.

3. Positive Indicators:

• Compliance: Up-to-date filing of dormant accounts and confirmation statements demonstrates good governance and regulatory compliance.
• Clean Status: The company is active with no signs of insolvency proceedings (liquidation, administration) or director disqualifications noted.
• Simple Capital Structure: The presence of one ordinary share with nominal value simplifies ownership and control considerations.

4. Due Diligence Notes:

• Investigate the company’s intended business operations and timeline for activating trading status, including any planned capital injections or business development strategies.
• Verify the background and capability of the director, Joseph Simba, regarding experience in the used car industry and business management.
• Confirm absence of any off-balance sheet liabilities or contingent risks since the accounts do not reflect operational activity.
• Monitor for future filings indicating commencement of trading or changes in financial position.