SMART BRIGHT TRAINING C.I.C.
Executive Summary
Smart Bright Training C.I.C. is currently a dormant entity with nominal financial resources and no operational activity. While it is compliant with statutory filings and governance requirements, its lack of revenue and assets presents a high risk from a financial stability and operational sustainability standpoint. Further due diligence is necessary to understand the company’s future plans and funding intentions.
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This analysis is opinion only and should not be interpreted as financial advice.
SMART BRIGHT TRAINING C.I.C. - Analysis Report
- Risk Rating: HIGH
Justification: The company is classified as dormant, with minimal financial activity and extremely limited assets and equity (both at £2). There is no evidence of operational revenue or expenses, no employees, and no substantive financial transactions. Such a profile indicates high risk from a solvency and operational sustainability perspective.
- Key Concerns:
- Lack of Operating Activity: The company has filed dormant accounts for multiple years with no reported turnover or business activity, raising concerns over the viability of ongoing operations or revenue generation.
- Minimal Financial Resources: Share capital and net assets stand at a nominal £2, implying no financial buffer to meet liabilities or support growth.
- Absence of Employees and Income: No employees recorded and no reported income, which suggests the business is not currently functioning as a going concern.
- Positive Indicators:
- Compliance with Filings: The company has maintained timely filing of annual accounts and confirmation statements with no overdue filings or penalties.
- Clear Ownership and Governance: Directors and persons with significant control are clearly identified, with no records of disqualifications or compliance issues.
- Stable Company Status: The company is active and not subject to liquidation, administration, or receivership.
- Due Diligence Notes:
- Investigate Business Plans: Clarify the intended purpose of the company given its dormant status since incorporation and absence of trading activity.
- Confirm Funding Sources: Determine if there are any off-balance-sheet commitments, pending contracts, or planned capital injections.
- Director Intentions: Assess the directors’ strategy for the company and timeline for commencement or resumption of operations.
- Verify No Hidden Liabilities: Although assets and liabilities are minimal, confirm no undisclosed debts or contingent liabilities exist.
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