Company Number: 12495574

Analysis Date: 2025-07-29 16:53 UTC

1. Risk Rating: HIGH
   The company exhibits extremely limited financial activity and asset base, with net assets of only £150 consistently over four years. The most recent accounts show zero fixed assets and net liabilities (negative net assets), indicating potential insolvency or operational cessation. This small scale with negligible capital and no current assets suggests a very high risk of failing to meet obligations.

2. Key Concerns:

• Minimal Financial Substance: The company’s reported net assets have decreased from £150 to nil, with no current assets or liabilities disclosed, indicating a cessation or suspension of normal trading activity.
• Lack of Revenue and Operational Data: No turnover or profit/loss data available, combined with the filing as a micro-entity with minimal disclosures, prevents assessment of ongoing business operations or cash flow.
• Single Director and No PSC Information: The sole director is also the registered office address, with no persons with significant control reported, which may limit transparency and pose governance risks.

3. Positive Indicators:

• Compliance with Filing Requirements: The company has filed accounts and confirmation statements on time, with no overdue returns or penalties, demonstrating regulatory compliance.
• No Signs of Insolvency Proceedings: The company is active and not under liquidation, administration, or receivership as per available data.
• Accountant Engagement: An ICAEW member firm prepared the unaudited accounts, suggesting some professional oversight.

4. Due Diligence Notes:

• Investigate the nature of the company’s business activities given its SIC code for holding companies but with no substantive assets or equity.
• Clarify cash flow status and liabilities not reflected in the micro-entity accounts, including any intercompany debts or contingent liabilities.
• Verify whether the company is dormant in practice despite active registration, and understand the director’s plans or intentions for the entity.
• Assess the rationale behind maintaining the company with nominal share capital and minimal financial reporting detail.