Company Number: 13989842

Analysis Date: 2025-07-20 11:26 UTC

1. Risk Rating: LOW

Justification: VORTEX STORE LTD is a dormant company with minimal financial activity, reflected in its consistently nominal net assets (£1) and shareholder funds (£1) over multiple years. There are no overdue filings and the company maintains active status with no indications of distress or non-compliance.

2. Key Concerns:

• Dormant Status: The company has been dormant since incorporation with no trading; this limits insight into operational viability or revenue generation capability.
• Minimal Financial Substance: The net assets and shareholders’ funds remain at £1, indicating no capital injections, earnings, or financial activity.
• Single Director and PSC Control: Full control by a single individual (Mrs Sofche Jovanovska) may raise governance and oversight concerns, though this is common for small private companies.

3. Positive Indicators:

• Up-to-date Filings: Both accounts and confirmation statements are filed on time with no overdue returns, showing compliance with regulatory requirements.
• Clear Corporate Governance: Director and secretary roles are held by the same person, simplifying decision-making and reducing administrative complexity.
• No Signs of Insolvency or Liquidation: The company is active and not under any insolvency procedures.

4. Due Diligence Notes:

• Investigate the purpose and plans for the company given its dormant status since incorporation.
• Confirm the absence of any contingent liabilities or off-balance-sheet commitments.
• Assess the background and business intentions of the sole director/PSC to understand future operational prospects.