THE SIDINGS (LICHFIELD) BLOCK MANAGEMENT COMPANY LIMITED

Executive Summary

THE SIDINGS (LICHFIELD) BLOCK MANAGEMENT COMPANY LIMITED is a dormant private company limited by guarantee, with no trading activity or financial transactions reported to date. The company shows low immediate risk due to compliance with filing requirements and clear ownership structure; however, absence of financial data and early director resignations suggest areas for further inquiry, particularly regarding operational plans and governance stability.

THE SIDINGS (LICHFIELD) BLOCK MANAGEMENT COMPANY LIMITED - Analysis Report

Company Number: 15423236

Analysis Date: 2025-07-29 19:03 UTC

1. Risk Rating: LOW
   The company is newly incorporated (January 2024) and currently dormant with zero net assets and no liabilities reported. There are no overdue filings or indications of financial distress. The controlling entity holds full voting rights, implying stable ownership.

2. Key Concerns:

• Dormant Status: Being dormant means no trading activity; future operational viability depends on commencement of business.
• Minimal Financial Data: Lack of financial transactions and zero net assets limit the ability to assess solvency or liquidity risks.
• Director Turnover: Two directors resigned within the first year, which may warrant inquiry into governance or strategic direction.

3. Positive Indicators:

• Compliance: All statutory filings (accounts and confirmation statement) are up to date with no overdue penalties.
• Clear Ownership: One PSC (Elan Homes Holdings Ltd) with 75-100% control and director appointment rights provides governance clarity.
• Professional Management: Directors include individuals with relevant occupational backgrounds (financial controller, sales director).

4. Due Diligence Notes:

• Investigate intended business activities and timeline for commencement since the company is currently dormant.
• Review reasons for director resignations early in the company’s life to assess any governance or operational concerns.
• Confirm financial support and plans from the parent company (Elan Homes Holdings Ltd) to ensure adequate capitalization once trading begins.
• Monitor future accounts for the transition from dormant status and any emerging liabilities or financial risks.