Company Number: 14008310

Analysis Date: 2025-07-29 12:49 UTC

1. Risk Rating: HIGH
   Justification: The company shows extremely minimal financial activity with only £100 in current assets and net assets over three consecutive years, indicating minimal operational scale and capital. Such low asset base raises significant concerns about the company’s ability to meet financial obligations or sustain operations.

2. Key Concerns:

• Minimal Financial Substance: Current assets and net assets remain at a nominal £100, suggesting no meaningful capital or liquidity buffer.
• Limited Operational Activity: Only one employee on average and no reported revenue or significant assets, indicating lack of active business operations or income generation.
• Recent Director Resignation & Name Change: The departure of a director within one year and a company name change could signal internal restructuring or strategic uncertainty.

3. Positive Indicators:

• Compliance with Filing Requirements: Accounts and confirmation statements are up to date with no overdue filings or penalties, indicating attention to statutory compliance.
• Active Status: The company remains active and is not in liquidation or administration, preserving potential for future operations.
• Clear Ownership and Control: Two individuals each holding 25-50% share and voting rights provide a defined control structure.

4. Due Diligence Notes:

• Investigate the nature and source of the £100 current assets to understand if this is cash or receivables and any commitments against them.
• Review business model and strategy to ascertain if the company is in start-up phase, dormant, or holding assets off-balance sheet.
• Confirm reasons for director resignation and company name change to evaluate any governance or operational risks.
• Seek detailed cash flow data and any off-balance sheet liabilities or obligations not visible in micro-entity accounts.
• Assess related party transactions or loans, given minimal reported financials.