WAVE & ISLES CO LTD
Executive Summary
WAVE & ISLES CO LTD is a dormant private limited company with minimal net assets and no trading activity since incorporation. While it is compliant with filing obligations and maintains an active status, the lack of financial substance and operational activity presents a high-risk profile from an investment standpoint. Further due diligence is recommended to understand the company's strategic intent and capital support plans.
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This analysis is opinion only and should not be interpreted as financial advice.
WAVE & ISLES CO LTD - Analysis Report
Risk Rating: HIGH
The company is rated high risk primarily due to its dormant status with minimal financial activity and negligible net assets (£100). This presents a lack of operational and financial substance, raising concerns about its ability to meet obligations or sustain business activities.Key Concerns:
- Dormant Status: The company has filed dormant accounts consistently since incorporation, indicating no trading activity or revenue generation.
- Minimal Net Assets: Shareholders' funds and net assets remain at £100 over multiple years, suggesting no capital injection or asset accumulation.
- Concentration of Control: Significant control is held by two individuals with high ownership and voting rights, which may present governance and succession risks if not properly managed.
- Positive Indicators:
- Compliance with Filing Requirements: Accounts and confirmation statements are filed on time with no overdue filings, demonstrating adherence to regulatory compliance.
- No Insolvency or Liquidation Proceedings: Company status is active and not under any formal insolvency process.
- Director Stability: Presence of a current director and proper board sign-off on accounts indicates some level of governance.
- Due Diligence Notes:
- Purpose and Future Plans: Investigate the company’s intended commercial activities and timeline for commencing operations given its dormant status.
- Financial Support: Clarify sources of funding or capital injections planned or required for future trading.
- Related Party Transactions: Examine any agent activities referenced in accounts notes to understand if transactions are conducted through other group entities or third parties.
- Director Background Checks: Review backgrounds and potential conflicts of interest of the controlling directors given their dominant ownership and influence.
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