Company Number: 14409499

Analysis Date: 2025-07-29 16:14 UTC

1. Risk Rating: HIGH
   Justification: STEPSO LIMITED is a dormant company with minimal financial activity, showing net assets of only £1 as of the latest accounts. There is no evidence of operational revenue or substantive assets, indicating an absence of trading activity and limited financial resilience.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts, indicating no significant transactions or trading activity, raising concerns about operational viability.
• Minimal Net Assets: Net assets stand at £1, reflecting no financial buffer to absorb losses or fund operations.
• Single Director and Shareholder Control: The sole director and 100% owner is the same individual, which concentrates control and may limit oversight or governance robustness.

3. Positive Indicators:

• Timely Filing Compliance: All statutory filings, including accounts and confirmation statements, are up to date and not overdue, demonstrating adherence to regulatory requirements.
• Clear Ownership Structure: The person with significant control is clearly identified, which aids transparency.
• No Insolvency or Legal Proceedings: There is no indication of liquidation, administration, or disqualification orders against the director.

4. Due Diligence Notes:

• Confirm the company’s intended business plans or reason for dormancy to assess future prospects.
• Investigate whether any trading or financial activity is expected or has occurred since the last dormant filing.
• Review background and track record of the director for any undisclosed risks.
• Clarify any related party transactions or liabilities not reflected in the dormant accounts.
• Monitor for any changes in company status or filings that might indicate a shift in operational status.