STEPHEN CORNISH LTD

Executive Summary

STEPHEN CORNISH LTD is a recently incorporated dormant private limited company with minimal financial activity and a very limited asset base. Current risk is low due to inactivity, but the absence of trading history and operational data restricts assessment of future viability. Ongoing monitoring and further information on business plans and capital are essential for a comprehensive risk evaluation.

STEPHEN CORNISH LTD - Analysis Report

Company Number: 15083720

Analysis Date: 2025-07-20 17:55 UTC

1. Risk Rating: LOW
   Given the company's dormant status with minimal financial activity and no liabilities, the immediate financial risk is low. However, this rating reflects the current inactivity rather than operational performance.

2. Key Concerns:

• Dormant Status: The company has not commenced trading or generated revenue since incorporation, raising questions about operational viability and future income generation.
• Minimal Capital and Assets: With only £100 in cash and no other assets or liabilities, the financial buffer is extremely limited, potentially restricting the ability to absorb unexpected costs once active.
• Lack of Operational History: Absence of trading history or financial performance data limits the ability to assess business sustainability or market positioning.

3. Positive Indicators:

• Compliance: The company is up to date with statutory filings (accounts and confirmation statement) with no overdue submissions or penalties.
• Clear Ownership and Governance: Directors and persons with significant control are clearly identified, with no indications of disqualifications or governance issues.
• Small Scale and Low Complexity: As a newly incorporated micro-entity, reporting requirements are minimal, reducing administrative burden at this stage.

4. Due Diligence Notes:

• Investigate Business Plan: Obtain details on the company’s intended trading activities, revenue model, and timeline to transition from dormant to active status.
• Assess Capital Requirements: Clarify plans for capital injection or funding to support operational start-up and early trading expenses.
• Monitor Future Filings: Track subsequent accounts and filings for signs of trading commencement and financial health evolution.
• Verify Directors’ Backgrounds: While no immediate red flags exist, confirm professional backgrounds align with the intended business activities, especially given one director’s accounting expertise and the other’s software engineering background.