SORTD APP LIMITED

Executive Summary

SORTD APP LIMITED is currently a dormant private limited company with nominal net assets and no trading activity, posing high financial and operational risk for investors. While compliance with filing deadlines is maintained, the absence of operational data and recent corporate changes warrant thorough due diligence before considering any investment. The company’s future viability depends on forthcoming business developments not yet evidenced in available filings.

SORTD APP LIMITED - Analysis Report

Company Number: 14539951

Analysis Date: 2025-07-29 13:16 UTC

1. Risk Rating: HIGH

Justification: The company is a dormant entity with minimal financial activity and negligible net assets (£100). It has no operating revenue, fixed or current assets, or liabilities reported. Such a status indicates that the company is not currently trading and has no active business operations, exposing investors to high operational and financial risk if considering investment or credit exposure.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts for the year ending 31 December 2023, indicating no trading activity and no revenue generation.
• Minimal Net Assets: Shareholders’ funds and net assets stand at £100, reflecting only the nominal share capital with no operational capital or reserves.
• Recent Director Appointment and Name Change: A director was appointed after the last accounts date, and the company changed its name recently (October 2024). These actions may suggest restructuring or repositioning, but there is no evidence of business activity yet.

3. Positive Indicators:

• Compliance: The company has filed its dormant accounts and confirmation statements on time, with no overdue filings, demonstrating adherence to statutory requirements.
• Clear Ownership and Control: The person with significant control is clearly identified with substantial influence, and director information is current and transparent.
• No Insolvency or Liquidation Status: The company is active and not under any insolvency proceedings, which maintains its legal standing.

4. Due Diligence Notes:

• Investigate Business Plan: Assess the company’s intentions post-dormancy, including any planned commencement of trading or capital injection.
• Director Backgrounds: Review the professional background and intentions of the newly appointed director to understand potential operational changes.
• Financial Projections: Obtain forward-looking financial data or budgets to evaluate future liquidity and solvency once trading begins.
• Legal and Contractual Obligations: Confirm there are no hidden liabilities or commitments not reflected in dormant accounts.