THE PIT ONLINE LIMITED

Executive Summary

THE PIT ONLINE LIMITED is a recently formed dormant private company with minimal financial activity and a nominal capital base. Compliance with statutory filings is current, however, lack of trading history and unclear ownership details warrant further investigation. Overall, the company presents low immediate risk but limited information restricts assessment of future operational and financial stability.

THE PIT ONLINE LIMITED - Analysis Report

Company Number: 14964275

Analysis Date: 2025-07-29 19:15 UTC

1. Risk Rating: LOW
   Given the company is newly incorporated (2023), currently dormant, and has no liabilities or significant financial activity, the immediate financial and operational risks appear minimal. However, the absence of trading history limits assessment of future performance.

2. Key Concerns:

• Dormant Status: The company has not yet commenced trading, so there is no operational track record to assess sustainability or cash flow generation.
• Minimal Financial Resources: Reported cash and net assets stand at £1, indicating no working capital or financial buffer. This could pose solvency risks once trading begins unless adequately funded.
• Complexity in Control Structure: There are two PSCs each reported with 75-100% shareholding and voting rights, which is contradictory and requires clarification to understand control and governance arrangements.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are up to date with no overdue filings, suggesting good regulatory compliance.
• Clear Director and PSC Information: The director is identified with no adverse records, and ownership is transparent, facilitating governance oversight.
• Small Company Status with Dormant Accounts: This reduces immediate complexity and risks related to financial reporting and operational burdens.

4. Due Diligence Notes:

• Confirm the accuracy and consistency of the PSC disclosures, particularly the overlapping 75-100% shareholding claims between an individual and a corporate entity.
• Investigate plans for commencement of trading, including expected capital injection and business model viability in the sports and recreation education sector (SIC 85510).
• Monitor forthcoming financial statements once trading begins for liquidity, solvency, and profitability metrics.