Company Number: 13864587

Analysis Date: 2025-07-29 17:27 UTC

1. Risk Rating: LOW
   The company is classified as dormant with minimal financial activity and net assets of only £100 consistently over the last three years. There are no overdue filings or indications of financial distress. Solvency and liquidity risks are negligible given the lack of operational activity.

2. Key Concerns:

• Dormant Status: The company has not traded or generated revenue, raising questions about operational viability and sustainability of the business model.
• Limited Financial Data: Absence of turnover, profit or loss figures prevents meaningful assessment of business prospects or cash flow health.
• Concentrated Control: One individual (Mr Rio Smithers) holds 75-100% ownership and voting rights, which may increase governance risk due to lack of checks and balances.

3. Positive Indicators:

• Compliance: All statutory filings including dormant accounts and confirmation statements are up to date with no overdue deadlines.
• Clear Ownership: PSC information is transparent, and the director is properly appointed and active.
• No Liabilities: Net assets equal share capital, indicating no accumulated debts or financial liabilities.

4. Due Diligence Notes:

• Investigate the company’s business plan or intended future activity to assess if and when it plans to commence trading.
• Confirm the rationale behind multiple SIC codes as a dormant company should not currently be operational in these sectors.
• Review related party transactions or intercompany loans if applicable, to ensure no hidden liabilities or risks.
• Monitor for any changes in filing status or financial activity in upcoming reporting periods.