TULA SPACES LTD

Executive Summary

TULA SPACES LTD is a newly formed dormant company with minimal financial activity and no liabilities, presenting low immediate financial risk. Compliance with filing requirements is up to date, but the absence of trading history and concentrated ownership warrant monitoring as the company moves towards operational activity. Further due diligence should focus on the company’s future plans and funding arrangements to assess sustainability.

TULA SPACES LTD - Analysis Report

Company Number: 15024337

Analysis Date: 2025-07-29 13:35 UTC

1. Risk Rating: LOW

Justification: TULA SPACES LTD is a recently incorporated dormant private limited company with very limited financial activity to date. Its net assets equal the nominal share capital (£1), indicating no operational or financial liabilities. The company has filed all required accounts and confirmation statements on time, demonstrating compliance with regulatory filing requirements. Due to the absence of trading and liabilities, immediate solvency or liquidity risks are minimal.

2. Key Concerns:

• Dormant Status: The company is currently dormant, which means no trading activity or cash flow exists. This raises uncertainty about the future viability or operational stability until trading commences.
• Lack of Financial History: Being newly incorporated in 2023 and dormant, there is no financial track record or performance data to assess business sustainability.
• Single Director and Ultimate Control: The sole director and 100% shareholder is the same individual, concentrating control and potentially increasing governance risk if oversight is insufficient.

3. Positive Indicators:

• Regulatory Compliance: All statutory filings, including accounts and confirmation statements, are up to date with no overdue submissions.
• Clear Ownership Structure: The single person with significant control is clearly identified, facilitating transparency.
• No Immediate Financial Liabilities: With net assets of £1 and no recorded liabilities, the company is not currently exposed to solvency or liquidity pressures.

4. Due Diligence Notes:

• Investigate the company’s business plan or intended operations, particularly timing for commencing trading and capital requirements.
• Confirm the source and adequacy of funding once the company becomes active, to ensure operational stability.
• Monitor any changes in director appointments or shareholdings for governance assessment.
• Review any related party transactions or commitments not reflected in dormant accounts once trading begins.