THE GRIDDLE BAR LTD

Executive Summary

The Griddle Bar Ltd is a dormant newly formed company with minimal financial activity and no operational trading to date. Compliance with filing requirements is up to date, and no insolvency or governance concerns are evident. Further due diligence is recommended once the company transitions to active trading for a more substantive risk assessment.

THE GRIDDLE BAR LTD - Analysis Report

Company Number: 15091861

Analysis Date: 2025-07-20 13:51 UTC

1. Risk Rating: LOW
   Justification: THE GRIDDLE BAR LTD is a newly incorporated private limited company classified as dormant with minimal financial activity (net assets of £2 and cash of £2). There are no overdue filings or statutory concerns, and directors have complied with filing requirements on time.

2. Key Concerns:

• Absence of operational trading: The company is dormant and has no revenue or expenses, indicating no active business operations currently.
• Minimal financial resources: With only £2 in net assets and cash, the company lacks capital to meet any obligations beyond nominal shareholder equity.
• Limited financial history: Incorporated in 2023 with only one dormant year filed, there is insufficient financial data to assess sustainability or operational trends.

3. Positive Indicators:

• Compliance with statutory obligations: Accounts and confirmation statements are filed on time and show no overdue filings or penalties.
• Clear ownership and control structure: Two directors/shareholders each controlling 25-50% shares and voting rights, with no governance red flags.
• No indications of insolvency or enforcement action: The company is active and not in liquidation or administration.

4. Due Diligence Notes:

• Monitor for transition from dormant to active trading status to evaluate operational viability and cash flow.
• Verify the business plan or funding sources planned by the owners before trading commences.
• Review any related party transactions or commitments not yet reflected in accounts due to dormancy.
• Confirm directors’ experience and background given the nascent stage of the company.