Company Number: 14230735

Analysis Date: 2025-07-29 15:53 UTC

1. Risk Rating: LOW

Justification: STREAMTRAK LTD is a recently incorporated (2022) private limited company classified as dormant for the latest financial year ending July 2023. The company has minimal net assets (£100), no recorded liabilities, and has not traded, indicating no current operational or financial stress. There are no overdue confirmation statement filings, and the only overdue filing is the dormant accounts which, while slightly delayed, is not uncommon for newly incorporated dormant entities.

2. Key Concerns:

• Overdue Dormant Accounts Filing: The accounts due by April 2025 are marked overdue, signaling minor compliance risk that should be rectified promptly to avoid penalties.
• Limited Financial Data: Dormant status and minimal net assets mean no financial performance insight or evidence of operational activity, limiting assessment of future viability.
• Concentrated Control: The sole director and significant controller (25-50% ownership) is the same individual, which may raise governance concerns in absence of additional oversight.

3. Positive Indicators:

• Clean Financial Position: With no liabilities and nominal net assets, there is no current solvency or liquidity risk.
• Compliance with Confirmation Statement: The latest confirmation statement is filed on time, demonstrating responsible corporate governance in this aspect.
• Clear Industry Classification: The company is registered under IT consultancy and software publishing SIC codes, indicating a well-defined business purpose.

4. Due Diligence Notes:

• Verify the reason for dormant status and whether trading activities are planned or have commenced since last accounts.
• Confirm the arrangements for filing overdue dormant accounts and establish management’s commitment to ongoing compliance.
• Assess the background and experience of the sole director, Simon Fowler, to ascertain capability to manage future operations and governance.
• Monitor for any changes in shareholding or director appointments that may impact control and risk profile.