SMART CHECK TECHNOLOGY LTD

Executive Summary

SMART CHECK TECHNOLOGY LTD presents a high risk profile due to minimal financial activity, lack of employees, and negligible assets. Despite compliance with filing obligations, the company appears inactive or dormant operationally, raising concerns about its viability and solvency. Further due diligence is needed to clarify the company's business purpose and governance, especially given the director's overseas residence.

SMART CHECK TECHNOLOGY LTD - Analysis Report

Company Number: 13018715

Analysis Date: 2025-07-20 15:59 UTC

1. Risk Rating: HIGH

Justification: The company's financial data shows extremely minimal activity with only £100 in current assets and no liabilities or fixed assets. It has no employees and no recorded operational revenue or expenses, indicating a lack of substantive business activity. This micro-entity profile with negligible financial footprint raises concerns about the company's ability to meet obligations or sustain operations.

2. Key Concerns:

• Insolvency Risk: The company holds only £100 in assets and no liabilities but also no evidence of revenue generation, which suggests insufficient resources to cover any unforeseen expenses or obligations.
• Operational Viability: Zero employees and no fixed assets or revenue imply the business is either dormant or inactive despite its "Active" status, raising questions about ongoing business operations and sustainability.
• Director and Control Concentration: The sole director and 75-100% shareholder resides outside the UK (South Africa), which may complicate governance oversight and increase risks related to management transparency and local regulatory compliance.

3. Positive Indicators:

• Compliance: Filing of accounts and confirmation statement are up to date with no overdue reports, indicating adherence to statutory filing requirements.
• Clear Ownership: The ownership and control structure is transparent, with a named individual holding 100% control and responsibility.
• No Liabilities: Absence of current or long-term liabilities reduces immediate financial risk from creditors.

4. Due Diligence Notes:

• Investigate business activity: Confirm whether the company is trading or dormant despite being registered as active. Review bank statements, contracts, or trading records.
• Director engagement: Assess the director’s involvement and governance practices given remote residency, including decision-making processes and controls.
• Financial plans: Obtain management accounts or forecasts to understand intended business plans and capital injections beyond the nominal £100 capital.