TCT FIRE PROTECTION LTD

Executive Summary

TCT FIRE PROTECTION LTD is currently a dormant company with minimal financial activity since incorporation in December 2022, reflected in nominal net assets and cash balances. While compliance with filing deadlines is satisfactory, the absence of trading raises significant solvency and liquidity concerns. Further investigation into the company’s plans for commencing operations and the governance structure is recommended to assess future viability.

TCT FIRE PROTECTION LTD - Analysis Report

Company Number: 14527693

Analysis Date: 2025-07-29 12:50 UTC

1. Risk Rating: HIGH
   The company has been dormant for the latest reported financial year (2024) with negligible assets (£1 cash, £1 net assets) and no trading activity. This indicates an absence of operational business and revenue generation, raising significant concerns about solvency and liquidity if obligations arise.

2. Key Concerns:

   • Dormant Status with Minimal Financials: The company has filed dormant accounts for the 2024 year, showing virtually no assets or liabilities, which implies no trading activity and no incoming cash flow.
   • Lack of Operational History: Incorporated in late 2022 but no substantive financial activity reported, suggesting the business is either in a start-up phase with no trading or inactive, which impairs assessment of operational sustainability.
   • Concentration of Control: One individual (Mr. Torin Michael John Crotch) holds 75-100% ownership, which may pose governance risks if there is lack of oversight or succession planning.

3. Positive Indicators:

   • Compliance with Filing Requirements: The company is up to date with both accounts and confirmation statement filings, with no overdue submissions or penalties noted.
   • Clear Director Appointments: Two directors appointed at incorporation with no adverse information on their conduct, and both have signed the dormant accounts, suggesting governance formality is maintained.
   • No Indications of Insolvency or Formal Proceedings: The company is active and not in liquidation, administration, or receivership, which is positive from a regulatory compliance perspective.

4. Due Diligence Notes:

   • Investigate the business plan or reason for dormancy and timeline for commencement of trading activities to understand sustainability prospects.
   • Review the financial position and cash flow forecasts once trading begins, to assess solvency risk more accurately.
   • Examine the background and track record of the controlling shareholder and directors to evaluate governance and operational capability.