TAPPY SOLUTIONS LTD
Executive Summary
TAPPY SOLUTIONS LTD is a newly established dormant company with minimal financial activity and no current liabilities, resulting in a low immediate risk profile. The company benefits from compliance with filings and full ownership by a presumably established related entity. However, the lack of operational data and recent CFO resignation suggest areas for further inquiry to assess future viability.
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This analysis is opinion only and should not be interpreted as financial advice.
TAPPY SOLUTIONS LTD - Analysis Report
Risk Rating: LOW
TAPPY SOLUTIONS LTD is a recently incorporated dormant company with minimal financial activity and no liabilities reported. As such, immediate solvency or liquidity risks are negligible at this stage.Key Concerns:
- Dormant Status: The company has no trading activity, which means no revenue generation or operational cash flow; the sustainability of future operations depends on external funding or activation of business activities.
- Limited Financial History: With incorporation in 2023 and only one dormant accounts filing, there is insufficient financial performance data to assess operational viability or growth prospects.
- Director Changes: The resignation of the Chief Financial Officer within about a year of incorporation may warrant review to ensure continuity in financial oversight.
- Positive Indicators:
- Compliance: The company is up to date with statutory filings including accounts and confirmation statements, indicating good governance practices.
- Shareholding: Controlled entirely by Wastenergy Solutions Ltd, suggesting backing by a presumably established entity which may provide financial or strategic support when needed.
- Low Liability Profile: Net assets and shareholders’ funds stand at £100, with no reported debts or liabilities, minimizing immediate solvency risk.
- Due Diligence Notes:
- Investigate the plans for activating business operations given the dormant status and the SIC code indicating “Other engineering activities.”
- Review the financial and operational relationship with Wastenergy Solutions Ltd as the sole shareholder to understand funding commitments and strategic intent.
- Clarify the circumstances and impact of the CFO’s resignation on financial controls and reporting going forward.
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