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.