Company Number: 14470878

Analysis Date: 2025-07-20 12:03 UTC

1. Risk Rating: HIGH

Justification: STORY GENIUS LTD is a recently incorporated dormant company with nominal net assets (£1) and cash (£1), indicating no substantive trading or operational activity to date. The company has no recorded revenue or liabilities, suggesting it has not commenced business operations. The change in controlling director shortly after incorporation and the presence of two PSCs each controlling 75-100% of shares raises questions about shareholding clarity and control transition. These factors collectively present a high risk profile from a financial and operational standpoint.

2. Key Concerns:

• Dormant status with negligible financial substance: no revenues, assets, or liabilities beyond nominal values, indicating lack of operational activity.
• Control and governance changes within a short period: initial director resigned shortly after incorporation and was replaced, with overlapping PSC declarations suggesting possible shareholding or control complexity.
• Absence of meaningful financial data prevents assessment of solvency or liquidity; reliance on nominal equity and zero cash flow is a significant concern for any operational sustainability.

3. Positive Indicators:

• Company is currently active and compliant with filing obligations; no overdue accounts or confirmation statements.
• Clear registered office address and director appointments documented.
• Dormant status may reflect early stage or preparatory phase, not necessarily indicative of failure or distress at this point.

4. Due Diligence Notes:

• Verify the nature of the company's business plan and timeline for commencement of trading activities.
• Clarify the shareholding structure and confirm the validity of PSC declarations, especially given the overlap in 75-100% control claims.
• Investigate reasons for director resignation and subsequent appointment to understand governance stability.
• Request management accounts or cash flow forecasts to assess future operational viability.
• Confirm absence of contingent liabilities or off-balance sheet commitments that may impact solvency.