STEPSO LIMITED

Executive Summary

STEPSO LIMITED is a dormant private limited company with negligible net assets and no trading activity, indicating high solvency and operational risk. The company complies with filing obligations but currently lacks financial substance or business activity to support sustainability. Investors should conduct further inquiry into the company’s plans and management background before considering exposure.

STEPSO LIMITED - Analysis Report

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.