Company Number: 14014387

Analysis Date: 2025-07-20 17:49 UTC

1. Risk Rating: HIGH
   Justification: The company is newly incorporated (2022) and has filed dormant accounts for successive years, showing no trading activity or meaningful financial data beyond a nominal £1 share capital and net assets. This indicates no operational income or cash flow, raising significant solvency and liquidity concerns.

2. Key Concerns:

• Dormant Status: The company has remained dormant since incorporation, reflecting no revenue generation or active business operations, which poses a risk to ongoing viability.
• Minimal Financial Substance: Net assets and shareholder funds stand at £1 with no reported assets or liabilities, indicating no capital buffer or resources to meet obligations if they arise.
• Single Director Control: One director holds 100% ownership and control, concentrating risk in governance and increasing vulnerability if the director is unable or unwilling to support the company.

3. Positive Indicators:

• Compliance: The company is up to date with filing of dormant accounts and confirmation statements, showing good regulatory compliance to date.
• No Overdue Returns or Accounts: There are no overdue filings or penalties, reducing immediate regulatory risk.
• Clear PSC Information: Full disclosure of the person with significant control improves transparency.

4. Due Diligence Notes:

• Investigate Business Plans: Understand the company’s intended operational model and timeline to transition from dormancy to active trading.
• Assess Director’s Financial Commitment: Clarify if the sole director plans to inject capital or resources to support business activities.
• Confirm No Undisclosed Liabilities: Review any off-balance sheet liabilities or contingent risks since the accounts show no financial activity.
• Verify Market and Industry Position: Given SIC code 80100 (private security activities), confirm if the company has secured contracts or clients to commence trading.