SUPPORT BUILD CONSTRUCTION LTD
Executive Summary
SUPPORT BUILD CONSTRUCTION LTD exhibits significant solvency and operational risk due to minimal financial resources and lack of employees, despite being compliant with filing requirements. The company’s sustainability and business activity are unclear, warranting further investigation into its operational status and governance stability.
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This analysis is opinion only and should not be interpreted as financial advice.
SUPPORT BUILD CONSTRUCTION LTD - Analysis Report
Risk Rating: HIGH
The company shows extremely limited financial substance with net assets of only £1, no employees, and minimal current assets. This indicates very limited operational activity and raises concerns about its ability to meet liabilities or sustain operations.Key Concerns:
- Minimal Financial Base: Net assets and current assets both stand at £1 over multiple years, suggesting the company has not conducted significant business or accumulated capital.
- No Employees: Zero employees reported, indicating either a dormant-like status or lack of operational capacity.
- Recent Director Resignation: One of two directors resigned recently (April 2024), potentially impacting governance or signaling internal changes.
- Positive Indicators:
- Compliance with Filings: Accounts and confirmation statements are filed timely and are not overdue, demonstrating regulatory compliance.
- Clear Ownership Structure: A single person controls 75-100% of shares and voting rights, which can simplify decision-making and accountability.
- Active Status: The company remains active and not in liquidation or administration.
- Due Diligence Notes:
- Investigate the business model and actual trading activity given the micro-entity financials indicating negligible assets and no employees.
- Clarify the purpose of the company and any off-balance sheet commitments or related party transactions.
- Confirm reasons for director resignation and assess any impact on company operations or governance.
- Review any contracts, client relationships, or pipeline to evaluate future viability beyond the minimal current financial footprint.
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