Company Number: 15594734

Analysis Date: 2025-07-20 16:06 UTC

1. Risk Rating: HIGH
   Justification: The company is newly incorporated (March 2024), classified as dormant for its first financial year, and shows negative net assets (£-176) with current liabilities exceeding current assets. There is no trading activity or revenue recorded, indicating potential solvency and liquidity concerns from inception.

2. Key Concerns:

• Negative Net Assets: The balance sheet shows a deficit in shareholders’ funds, which signals an initial capital shortfall or unpaid liabilities.
• Dormant Status with Liabilities: Despite being dormant, the company has current liabilities, which may indicate unpaid expenses or setup costs without revenue to cover them.
• Early Stage with Limited Financial History: Incorporated less than a year ago with minimal financial data and no operational income to assess sustainability or cash flow.

3. Positive Indicators:

• Compliance with Filings: The company’s accounts and confirmation statements are filed on time with no overdue filings, suggesting sound governance and regulatory compliance.
• Directors’ Background: Directors include an accountant and a teacher, with one director’s financial expertise potentially beneficial for oversight.
• Ownership Structure: Control is evenly split between two directors, indicating clear governance and decision-making lines.

4. Due Diligence Notes:

• Investigate Nature of Current Liabilities: Clarify the composition and due dates of the £176 current liabilities and how the company plans to settle them.
• Confirm Capital Contributions: Verify whether shareholders have fully funded their share capital and if additional funding is planned.
• Understand Business Model and Future Plans: Since the company is a holding company, detail its intended investments or subsidiaries and associated risks.
• Monitor Subsequent Trading Activity: Review future accounts for evidence of operational income, asset acquisitions, or changes in financial position.