Company Number: 12991363

Analysis Date: 2025-07-20 14:47 UTC

1. Risk Rating: HIGH
   Justification: The company is dormant with no trading activity or employees reported since incorporation in 2020. It maintains nominal net assets of £2 and no current assets or liabilities. Such minimal financial substance and inactivity indicate a high risk from a solvency and operational standpoint.

2. Key Concerns:

• Dormant status over multiple years with zero turnover and no employees suggests the company is not operational and has no ongoing cash flow.
• Extremely low net assets (£2) and no current assets raise questions about the company’s ability to meet any liabilities that may arise.
• Lack of any financial activity or trading history limits visibility into business sustainability or revenue generation.

3. Positive Indicators:

• The company is compliant with filing requirements; accounts and confirmation statements are up to date with no overdue filings.
• Directors and secretary are appointed and appear to be maintaining statutory compliance.
• The company is relatively new (incorporated in late 2020), so it may be a dormant holding or shell company prepared for future use.

4. Due Diligence Notes:

• Investigate the purpose of the company given its dormant status and absence of trading activity. Is it a holding company, a vehicle awaiting activation, or simply inactive?
• Verify any off-balance sheet obligations or contingent liabilities not reflected in the dormant accounts.
• Confirm the background and involvement of directors and PSCs (notably Mr Courage Oye and Mr Bienosie Igweh) to assess any related party risks or future plans for the company.
• Review any recent communications with Companies House or HMRC regarding the company’s status or intentions.