TRUE TO YOURSELF PILATES LTD

Executive Summary

TRUE TO YOURSELF PILATES LTD is a recently formed dormant private company with minimal financial activity and no overdue compliance filings. While current risk is low given the lack of operations, the absence of trading data limits assessment of future viability. Close monitoring of business commencement and financial development is recommended for a more comprehensive risk evaluation.

TRUE TO YOURSELF PILATES LTD - Analysis Report

Company Number: 14719042

Analysis Date: 2025-07-29 20:19 UTC

1. Risk Rating: LOW

Justification: TRUE TO YOURSELF PILATES LTD is a newly incorporated (March 2023) private limited company classified as dormant for the financial year ending March 2024. The company has minimal financial activity, with net assets and cash balances reported as £1, reflecting a single issued share capital. There are no overdue filings or indications of financial distress at this stage.

2. Key Concerns:

• Dormant Status: Lack of trading activity means no current revenue generation; the company’s ability to meet future obligations depends on future capital injection or commencement of trading.
• Minimal Financial Data: With only one financial year recorded and no operational data, it is difficult to assess operational sustainability or cash flow prospects.
• Single Director and Shareholder: Control concentrated in one individual (Nicola Stather) could pose governance risks if not complemented by appropriate oversight mechanisms.

3. Positive Indicators:

• Compliance: Company is up to date with statutory filing obligations, with no overdue accounts or confirmation statements.
• Clear Ownership and Control: The sole director and shareholder are identified with no known disqualifications.
• Dormant Company Exemption: Utilization of the dormant company exemption reduces administrative burden and costs, which may be appropriate at this early stage.

4. Due Diligence Notes:

• Investigate planned business strategy and timeline for commencement of trading to evaluate future operational and financial viability.
• Confirm absence of contingent liabilities or commitments not visible in dormant accounts.
• Monitor for updates to financials once trading begins to assess revenue generation and cash flow management.
• Review director background for any past conduct issues or external factors that may impact company governance.