SOURCE ONE TRADING CO., LIMITED

Executive Summary

Source One Trading Co., Limited is a recently incorporated dormant private limited company with minimal financial activity and no current trading. The company maintains good compliance with filings and exhibits a low financial risk profile at this stage. Close attention is recommended to its plans for operational commencement and governance oversight given the sole director’s overseas residence.

SOURCE ONE TRADING CO., LIMITED - Analysis Report

Company Number: 14801717

Analysis Date: 2025-07-29 16:51 UTC

1. Risk Rating: LOW
   The company is currently dormant with minimal financial activity, reflected by unchanged net assets of £1,000 over multiple years and no liabilities. There are no overdue filings or indications of financial distress.

2. Key Concerns:

• Dormant status indicates no trading activity, so operational viability and revenue generation are untested.
• Small equity base (£1,000) limits financial flexibility if the company were to commence operations.
• Sole director and shareholder residing outside the UK may pose challenges in local management oversight and governance.

3. Positive Indicators:

• Compliance with filing requirements is up to date; no overdue accounts or confirmation statements.
• No indications of insolvency or legal actions; company status is active and not in liquidation or administration.
• Clear ownership and control structure with a single shareholder/director, simplifying decision-making.

4. Due Diligence Notes:

• Investigate the intended business plans and timeline to transition from dormant to active trading.
• Confirm the director’s capability and plan to manage UK operations remotely or locally.
• Review any related party transactions or commitments not disclosed in dormant accounts.
• Monitor future filings for commencement of trading activities and financial performance.