Company Number: SC680456

Analysis Date: 2025-07-20 17:45 UTC

1. Risk Rating: HIGH

Justification: The company, SWIM FOR GOOD LTD, is a micro-entity with very minimal current assets (£76 as at 30 Nov 2023) and no fixed assets, indicating extremely limited financial resources. Although there are no current liabilities reported, the negligible asset base and the sharp decline in assets from previous years (from £1,617 in 2020 to £76 in 2023) raise concerns about its ability to meet obligations. The absence of employees also suggests limited operational activity or scale.

2. Key Concerns:

• Liquidity Risk: Current assets have declined substantially over four years, leaving almost no liquid resources to cover any unforeseen expenses or obligations.
• Operational Sustainability: The company reports zero employees and no fixed assets, which may indicate limited or no active business operations, raising questions about its ongoing viability.
• Governance and Control: The company is limited by guarantee with a single person (Mr. Colin Jamieson Campbell) holding 75-100% voting rights and director control, posing concentration risk and potential governance weaknesses.

3. Positive Indicators:

• Compliance: All statutory filings, including accounts and confirmation statements, are up to date with no overdue filings or penalties.
• No reported liabilities or creditors, indicating absence of financial debts or immediate obligations.
• The company operates in a defined niche (Sports and recreation education) which may hold potential for growth if adequately capitalized.

4. Due Diligence Notes:

• Investigate the nature and scale of the company’s actual business activities given the lack of employees and minimal assets.
• Review cash flow statements, if available, to assess inflow/outflow patterns and funding sources.
• Explore the reasons behind the rapid depletion of current assets over recent years.
• Assess the financial support arrangements or guarantees from members given the guarantee structure.
• Confirm any off-balance sheet liabilities or contingent obligations not disclosed.
• Evaluate the risk related to the concentration of control under a single individual.