WESLEY E5 LTD

Executive Summary

WESLEY E5 LTD is a newly formed dormant real estate company with minimal financial activity and nominal net assets. While compliance with statutory filings is maintained, the absence of operational revenue, zero liquidity, and recent director turnover pose significant risks to its operational stability and solvency. Further investigation into governance changes and business intentions is recommended before considering investment exposure.

WESLEY E5 LTD - Analysis Report

Company Number: 14988598

Analysis Date: 2025-07-29 18:48 UTC

1. Risk Rating: HIGH
   WESLEY E5 LTD is a recently incorporated dormant company with nominal net assets (£1) and no cash resources. The lack of trading activity, absence of financial substance, and frequent director changes raise concerns regarding operational stability and financial viability.

2. Key Concerns:

• Dormant Status with Zero Cash: The company reported no trading activity and zero cash balance as of the latest accounts, indicating no operational revenue or liquidity.
• Frequent Director Turnover: Within one month in August 2024, two directors resigned and two new directors were appointed, suggesting potential governance instability or internal management changes.
• Concentration of Control: The same individuals have been reported as holding 75-100% of shares and voting rights at different times, but there is a rapid turnover of PSC declarations, which may warrant further scrutiny.

3. Positive Indicators:

• Compliance with Filings: The company has filed accounts and confirmation statements on time with no overdue notices, demonstrating adherence to statutory requirements.
• Clear Industry Classification: Registered under SIC codes for real estate activities, indicating a defined business sector, although no trading has commenced.
• Active Status: The company is currently active and not in liquidation or administration, preserving the potential for future operations.

4. Due Diligence Notes:

• Investigate the reasons behind the dormant status and lack of financial activity since incorporation.
• Clarify the rationale and circumstances around rapid director appointments and resignations in August 2024.
• Review shareholder agreements or related-party transactions to understand the concentration and transfer of control among PSCs.
• Assess any underlying assets or liabilities not reflected in the dormant accounts that may impact solvency.
• Confirm the business plan or strategy for transitioning from dormancy to active trading.