Company Number: 13555247

Analysis Date: 2025-07-20 15:28 UTC

1. Risk Rating: HIGH

Justification: TAP SOLAR LIMITED is a dormant private limited company with minimal financial activity and nominal net assets (£100). Its dormant status means no trading activity or revenue generation, which indicates an absence of operational cash flow and business sustainability at this time. This raises significant solvency and liquidity concerns for any investor looking for an active, financially stable business.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts for multiple years with no reported trading activity or financial transactions, signaling no current operations or revenue.
• Insignificant Net Assets: Shareholders’ funds and net assets are minimal (£100), far below any meaningful capital base to meet liabilities or finance operations.
• Director Turnover: There has been notable director churn in a short period (four directors appointed and resigned within three years), which could indicate governance or strategic instability.

3. Positive Indicators:

• Compliance with Filings: All statutory filings including accounts and confirmation statements are up to date with no overdue returns or penalties.
• Clear Control Structure: The company has a single controlling entity (The Auckland Project) owning between 75-100% shares and voting rights, which may provide stable ownership oversight.
• Established Governance: Despite director changes, a company secretary remains in place and accounts are prepared in compliance with regulatory requirements.

4. Due Diligence Notes:

• Investigate Business Plans: Clarify the company’s intended future activities or reasons for dormancy to assess potential for reactivation or business development.
• Director Backgrounds: Review the reasons behind frequent director changes and assess the experience and intentions of current directors, particularly the CEO and managing director.
• Financial Commitments: Examine any off-balance sheet liabilities or contingent obligations not evident in dormant accounts that could affect solvency upon activation.