Company Number: 14502244

Analysis Date: 2025-07-29 12:33 UTC

1. Risk Rating: LOW

Justification: ULCC Holdings Limited is a recently incorporated private limited company classified as a holding company. Its financial data indicates positive shareholders' funds of £81,001 and no overdue filings. There is no indication of financial distress or insolvency risk at this early stage.

2. Key Concerns:

• Limited Financial History: The company’s accounts cover only its first full financial period since incorporation in November 2022, limiting trend analysis and financial depth.
• Concentration of Control: One individual, Esteban Majano, holds majority shareholding (50-75%) and voting rights (75-100%), which concentrates decision-making and operational risk.
• Absence of Profit and Loss Statement: The financial statements do not include income or expenditure information, restricting insight into operational performance or cash flow dynamics.

3. Positive Indicators:

• Compliance: The company is current with statutory filing requirements, including accounts and confirmation statements, indicating good governance and regulatory compliance.
• Positive Net Assets: The balance sheet shows net assets and shareholders’ funds of £81,001, reflecting initial capital injection and no apparent liabilities.
• Clear Corporate Structure: Appointment and resignation records of directors and corporate secretary are transparent, with a professional corporate secretary appointed.

4. Due Diligence Notes:

• Investigate the nature and collectability of the debtor balance (£81,001) classified as "other debtors" to assess liquidity and potential credit risk.
• Review the company’s business plan or strategic outlook to understand intended operational activities and sustainability beyond holding investments.
• Verify the background and reputation of the controlling director, Esteban Majano, given his substantial control over the company.
• Confirm absence of contingent liabilities or off-balance sheet risks not reflected in the initial accounts.
• Monitor future filings, especially profit and loss statements, to assess operational cash flows and emerging financial performance.