Company Number: 13584618

Analysis Date: 2025-07-29 16:54 UTC

1. Risk Rating: HIGH
   Justification: The company has maintained dormant status since incorporation in 2021 with nominal financial activity (cash and net assets each £1), indicating no operational trading or revenue generation. This lack of trading history and minimal financial substance reflects high risk from an investment perspective due to absence of demonstrated operational viability or financial performance.

2. Key Concerns:

   • Dormant Status with No Revenue: The company has filed dormant accounts consistently, showing no active trading or cash flow, which raises concerns about the business’s operational sustainability and ability to generate income.
   • Minimal Net Assets and Cash: Net assets and cash balances remain at £1, suggesting no capital injection or asset base to support future operations or creditor claims.
   • Single Director and PSC Based Abroad: The sole director and 100% shareholder is a US resident, which may complicate oversight and governance, especially given the company’s lack of activity.

3. Positive Indicators:

   • Compliance with Filing Requirements: Despite inactivity, the company is up to date with both accounts and confirmation statements, showing adherence to regulatory obligations.
   • Clear Shareholding Structure: Ownership is transparent with a single PSC controlling 75-100% of shares, simplifying decision-making processes if operations commence.
   • No Overdue Filings or Insolvency Status: The company is active and not in liquidation or administration, maintaining a clean legal status.

4. Due Diligence Notes:

   • Investigate the company’s business plan or intentions to commence trading given the dormant status spanning multiple years.
   • Confirm whether there are any off-balance-sheet activities or related party transactions not reflected in the dormant accounts.
   • Assess the rationale for maintaining the company given its lack of financial activity and the director’s ability to support or develop the business.