Company Number: 14563859

Analysis Date: 2025-07-20 15:46 UTC

1. Risk Rating: HIGH

Justification: The company is classified as dormant with minimal activity, showing very low asset and equity values. The net assets have significantly decreased from £675 in 2023 to £124 in 2024, indicating limited capital buffer. The absence of turnover and employees raises concerns about operational viability and revenue generation.

2. Key Concerns:

• Dormant Status with Financial Decline: The company is dormant and has reduced net assets, suggesting it is not currently generating income or operating actively.
• Minimal Cash and Working Capital: Cash at bank is only £483 as of 2024 year-end, with current liabilities of £359, leaving a very narrow margin for meeting short-term obligations.
• No Revenue or Employees: The accounts confirm zero turnover and zero employees, which questions the sustainability and ongoing business operations.

3. Positive Indicators:

• No Overdue Filings: Both accounts and confirmation statements are filed on time, indicating compliance with Companies House requirements.
• Stable Ownership and Direction: The company has clear directors and persons with significant control, with no resignations or disqualifications affecting governance.
• No Audit Requirement Due to Dormant Status: Being exempt from audit simplifies compliance and reduces operating costs.

4. Due Diligence Notes:

• Investigate the company’s business plan or strategy to understand if there are plans to become active or generate revenue.
• Confirm the nature and source of current liabilities, especially director loans recorded in 2023 but cleared by 2024.
• Verify the reason for the sharp decline in net assets and whether this reflects asset write-offs or other financial adjustments.
• Assess the directors’ intentions regarding future operations or potential liquidation.