Company Number: 15351666

Analysis Date: 2025-07-20 15:58 UTC

1. Risk Rating: LOW
   Justification: SWATI TECHNOLOGIES LIMITED is a newly incorporated dormant company with minimal financial activity, no liabilities, and a very small cash balance. There are no overdue filings or compliance issues evident at this time.

2. Key Concerns:

• Minimal Financial Activity: The company is classified as dormant with only £2 in cash and net assets, indicating no revenue generation or operational activity so far.
• Limited Operational History: Incorporated in December 2023, the company has not yet demonstrated any business performance or sustainability.
• Concentrated Control: Two individuals hold significant control, with one director also a PSC; while not unusual, this warrants monitoring for governance transparency as operations commence.

3. Positive Indicators:

• Compliance: All statutory filings, including accounts and confirmation statements, are up-to-date with no overdue deadlines or penalties.
• Clear Governance: Director and PSC details are properly recorded, with a named director actively managing the company.
• Clean Financial Position: No debts or liabilities are reported, and the company benefits from the dormant status exemption under current legislation.

4. Due Diligence Notes:

• Investigate Business Plans: Clarify the timing and nature of intended business activities given the dormant status and infancy of the company.
• Monitor Future Financial Filings: Review upcoming accounts to assess commencement of trading and financial health evolution.
• Verify Backgrounds of PSCs and Director: Confirm reputations and track records of key individuals to preempt any governance or operational risks.