UKCLOUD LTD

Risk Rating: HIGH The company’s status is explicitly listed as "Liquidation," indicating it is undergoing a formal closure process and is insolvent or unable to pay its debts. This is further compounded by severely overdue statutory filing obligations, signaling a total breakdown in regulatory compliance and operational continuity.

Key Concerns: * Insolvency and Liquidation Status: The most critical red flag is the company's status. A company in liquidation has ceased normal operations, and its assets are being distributed to creditors. This indicates a fundamental failure of solvency and operational stability. * Severe Regulatory Compliance Failures: The annual accounts are significantly overdue (next due June 30, 2022) and the confirmation statement is also overdue (next due May 17, 2023). This suggests an abandonment of statutory administrative duties, which is common in terminal corporate decline but severely limits transparency for any remaining stakeholders. * Stale Financial Information: The last filed accounts date back to March 31, 2020. There is over three years of missing financial data, meaning the exact trajectory of the company's financial collapse, its final liabilities, and the depletion of its assets cannot be determined from the available filed records.

Positive Indicators: * Clear Corporate Ownership Structure: The company has a registered Person with Significant Control (Virtual Infrastructure Group Limited) owning more than 75% of shares and voting rights. In liquidation scenarios, a clear holding company can sometimes streamline the administration process or clarify liability structures. * Established Operational History: Prior to its collapse, the company operated for over a decade (incorporated in 2011) and underwent a strategic rebrand (from Skyscape Cloud Services Ltd in 2016), indicating it had a viable commercial history and was not a transient or shell entity during its active years.

Due Diligence Notes: * Clarify Liquidation Status: There is a discrepancy in the provided data between the company status ("Liquidation") and the "in_liquidation" flag ("False"). It is imperative to verify the exact status via the Companies House register to determine if the company is in Creditors' Voluntary Liquidation (CVL), Members' Voluntary Liquidation (MVL), or Compulsory Liquidation. * Identify the Liquidator: If proceeding with any claims or investigations, identify the appointed insolvency practitioner to understand the timeline, asset realization, and potential dividends for creditors. * Parent Company Solvency: Investigate the financial health and status of the PSC, Virtual Infrastructure Group Limited. Given the >75% ownership, the parent company's financial position may have directly impacted UKCloud Ltd, or the liquidation may be part of a broader group restructuring. * Director Conduct: Review the Insolvency Service records for directors William Thomas Ginn and Sharon Brittan to ensure no disqualification proceedings have been initiated, which could indicate prior misconduct contributing to the company's failure.