WORCESTER BOILER REPAIRS LIMITED

Executive Summary

Worcester Boiler Repairs Limited is a dormant private limited company with minimal financial substance and no trading activity since incorporation in 2020. While statutory accounts filings are up to date, the company shows no liquidity or operational history and has an overdue confirmation statement, raising compliance concerns. Investors should exercise caution and conduct further due diligence before considering any engagement.

WORCESTER BOILER REPAIRS LIMITED - Analysis Report

Company Number: 12706524

Analysis Date: 2025-07-29 20:23 UTC

1. Risk Rating: HIGH
   Justification: The company has been dormant since incorporation, showing no trading activity or financial substance. Cash is zero and net assets are nominal (£1). There is an overdue confirmation statement filing, indicating potential compliance oversight. This profile suggests minimal operational activity and no evident capacity to meet obligations or generate revenue.

2. Key Concerns:

   • Dormant Status with No Trading Activity: The company has filed dormant accounts for multiple years with no revenue or assets beyond the nominal share capital, raising questions about its viability and operational intent.
   • Zero Cash and Net Asset Base: The lack of cash or meaningful assets means the company has no liquidity buffer to meet liabilities or fund operations if it were to commence trading.
   • Overdue Confirmation Statement Filing: Non-compliance with statutory filing deadlines may indicate governance weaknesses or administrative neglect, potentially exposing the company to penalties or loss of good standing.

3. Positive Indicators:

   • Active Company Status: Despite dormancy, the company remains legally active and is not in liquidation or administration, preserving the option to resume operations.
   • Single Director with Clear Control: The director and sole significant controller is identified, which simplifies accountability and decision-making.
   • No Overdue Accounts Filing: The company has maintained up-to-date dormant accounts filings, demonstrating some level of compliance with financial reporting requirements.

4. Due Diligence Notes:

   • Verify the reasons for prolonged dormancy and whether there is a business plan or intent to trade in the near future.
   • Confirm whether there are any undisclosed liabilities or contingent risks not apparent from the dormant accounts.
   • Investigate the cause and implications of the overdue confirmation statement filing, including any penalties or regulatory actions.
   • Assess the background and reputation of the director/owner, particularly given the company’s lack of operational history.
   • Clarify the relationship or distinction from the previous company name "BAXI BOILER LTD" to understand any legacy issues.