UKS SECURITY GROUP LIMITED

Executive Summary

UKS SECURITY GROUP LIMITED currently poses a high risk due to its dormant status, minimal capitalisation, and lack of recent trading activity. While the company is compliant with filing obligations and remains active, the absence of operational data limits confidence in its financial stability. Further investigation into current trading status and recent financial performance is essential for a comprehensive risk assessment.

UKS SECURITY GROUP LIMITED - Analysis Report

Company Number: 13133161

Analysis Date: 2025-07-20 15:28 UTC

1. Risk Rating: HIGH

   Justification: The company has only filed dormant accounts with minimal net assets (£100) as of its latest financial year end (31 January 2022). There is no indication of operational activity or revenue generation to support ongoing obligations. The very low equity base and lack of financial data beyond dormancy suggest a high risk of insolvency if obligations arise.

2. Key Concerns:

   • Dormant Status & Lack of Financial Activity: The company filed dormant accounts for the latest financial year, indicating no trading or revenue generation, raising concerns about operational sustainability.
   • Minimal Capitalisation: Share capital and net assets stand at only £100, which is insufficient to cover any meaningful liabilities or business risks.
   • Limited Financial Transparency: No recent active financial data or performance metrics are available, restricting assessment of liquidity or solvency beyond the dormant status.

3. Positive Indicators:

   • Compliance with Filing Requirements: The company is up to date with its accounts and confirmation statement filings, indicating adherence to regulatory compliance.
   • Active Status: The company remains active and not in liquidation or administration, suggesting no formal insolvency proceedings to date.
   • Stable Director Appointment: The current director, Mr. Asaf Iqbal, has maintained continuous appointment since incorporation, which may imply ongoing governance stability.

4. Due Diligence Notes:

   • Verify Current Trading Status: Confirm whether the company remains dormant beyond the last filed accounts or has commenced trading since 31 January 2022.
   • Review Recent Financials: Obtain and review accounts for financial years beyond 2022 if available to assess any change in financial position or operational activity.
   • Assess Director Background: Conduct background checks on the current director for any past regulatory or financial concerns.
   • Examine Business Model & Market: Investigate the viability and planned operations under SIC code 78109 (employment placement agencies) to determine future prospects.
   • Check for Undisclosed Liabilities: Enquire about any contingent liabilities or debts not captured in the dormant accounts.