SKY'S THE LIMIT TRAINING AND RECRUITMENT LTD
Executive Summary
SKY'S THE LIMIT TRAINING AND RECRUITMENT LTD is a recently incorporated, dormant private limited company with minimal financial activity and nominal net assets. Compliance with statutory filing obligations is current, and governance is straightforward with two equal shareholders/directors. The company currently presents low financial risk but lacks operational history, warranting further review of future business plans and capitalization strategy.
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This analysis is opinion only and should not be interpreted as financial advice.
SKY'S THE LIMIT TRAINING AND RECRUITMENT LTD - Analysis Report
Risk Rating: LOW
The company is rated low risk in terms of solvency and regulatory compliance based on the available data. It is a dormant company with minimal financial activity, no overdue filings, and straightforward ownership.Key Concerns:
- Dormant Status: The company has filed dormant accounts indicating no trading activity, which means no revenue generation or operational validation at present.
- Minimal Financial Data: The company holds only £2 in cash and net assets, limiting insights into financial robustness or liquidity.
- New Entity: Incorporated in 2022, the company has limited operational history, which constrains assessment of business sustainability or performance trends.
- Positive Indicators:
- Compliance: All statutory filings including accounts and confirmation statements are up to date, with no overdue filings or penalties.
- Clear Ownership and Governance: Two directors with equal shareholding and voting control, simplifying oversight and control structure.
- No Insolvency or Liquidation: The company is active with no indication of distress or formal insolvency proceedings.
- Due Diligence Notes:
- Confirm future trading intentions: Given the dormant status, ascertain plans for operational commencement or business scaling.
- Investigate capitalization plans: Verify how the company intends to fund operations beyond nominal share capital and minimal cash reserves.
- Monitor director backgrounds: Although no red flags are evident, ongoing review of director conduct and any changes in governance is advised.
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