Risk Assessment: UNITED FREEHOLDERS LIMITED (03237504)

1. Risk Rating: LOW

Justification: This is a long-established (29 years) residents property management company with no liabilities, consistent filing compliance, and positive net assets. The financial position is stable albeit minimal in scale. The primary concerns relate to transparency and governance rather than solvency or viability.

2. Key Concerns

a) PSC Register Opacity The Persons with Significant Control register contains only a generic statement rather than identifying actual PSCs. For a residents property management company (SIC 98000), leaseholders typically hold control rights. The lack of identified PSCs raises governance transparency concerns and may indicate non-compliance with the register requirements introduced in 2016.

b) Unusual Balance Sheet Composition for Property Management The complete absence of liabilities across all 10 years of available data is atypical for residents property management companies. These entities normally hold service charge funds as creditors (received from leaseholders, held on trust). The absence suggests either: (i) service charges are collected and disbursed through a different mechanism, (ii) the company is effectively dormant in operational terms, or (iii) there may be reporting that doesn't capture the full picture of financial activity.

c) Inconsistent Governance Roles Benjamin Charles Pitt is listed as secretary in the officers' register but signed the 2025 accounts as director. Additionally, Joan Angela HARRIS-EVANS shows a resignation date of 2026-09-02, which is a future date—this may indicate a data error or a pre-filed termination. These inconsistencies, while minor, suggest administrative carelessness.

3. Positive Indicators

• Longevity and Stability: Incorporated in 1996, the company has operated for nearly three decades without insolvency events, indicating a stable, ongoing purpose.

• No Liabilities: The company carries zero liabilities across the entire financial history reviewed, eliminating solvency risk entirely. Net assets have remained positive throughout, ranging from £1,900 to £3,936.

• Filing Compliance: Both accounts and confirmation statements are current and not overdue. The company filed micro-entity accounts approved 3 November 2025 for the year ending 31 August 2025, demonstrating timely compliance.

• Net Asset Growth: The most recent year shows an increase from £1,900 to £2,218, reversing the decline from the 2023 figure of £2,808.

4. Due Diligence Notes