Company Number: 13916830

Analysis Date: 2025-07-29 20:41 UTC

1. Risk Rating: HIGH
   The company shows significant negative net assets and liabilities exceeding current assets by a large margin, despite being dormant. This indicates an inability to meet obligations and raises serious solvency concerns.

2. Key Concerns:

• Negative Net Assets and Working Capital Deficit: Persistent net liabilities around £30,000 with negligible current assets (£1) highlight severe solvency risk.
• Dormant Status with Ongoing Liabilities: The company has not traded but carries substantial creditors due within one year and beyond, creating unresolved financial obligations.
• Control Concentration and Potential Related Party Risk: A single corporate shareholder (Ac Fashion World Ltd) holds majority control, which may limit external oversight and increase risk of financial exposure related to related party transactions.

3. Positive Indicators:

• Timely Filing and Compliance: Accounts and confirmation statements are up to date with no overdue filings, indicating regulatory compliance and governance attention.
• Clear Ownership and Director Information: PSC and director details are transparent and current, which facilitates accountability.
• Dormant Status Reduces Operational Risk: The company has not traded or incurred expenses, limiting operational losses during the dormant period.

4. Due Diligence Notes:

• Investigate the nature and origin of the £30,000 creditors to assess if these are related party loans or external liabilities.
• Clarify the plans for addressing the large negative equity position and whether there is any capital injection or restructuring intended.
• Verify the relationship and financial transactions between WILLIAM COJOCARU LTD and Ac Fashion World Ltd to assess related party risks.
• Confirm if the dormant status is temporary and obtain management’s business plan for activating or winding down the company.