WORK PATHS (NI) LTD

Executive Summary

WORK PATHS (NI) LTD is a recently incorporated private limited company with no reported trading activity or material financial substance as of its last filed accounts in February 2022. While compliance with statutory filings is current, the absence of assets, income, and employees raises a high risk of insolvency and operational instability from an investor perspective. Further up-to-date financial and operational information is necessary to properly assess the company’s viability and risk profile.

WORK PATHS (NI) LTD - Analysis Report

Company Number: NI678646

Analysis Date: 2025-07-20 11:42 UTC

1. Risk Rating: HIGH
   Justification: The company is very newly incorporated with no reported trading activity or financial substance to date. Its financial statements as of 28 February 2022 show zero assets, liabilities, cash, debtors, or employees. Net assets are nominal and relate solely to called-up share capital. The lack of operational data and absence of current financial information raise material concerns about solvency and liquidity.

2. Key Concerns:

• Absence of Financial Activity: The company’s latest filed accounts indicate no turnover, no assets, no cash, and no liabilities, suggesting it has not commenced meaningful trading or revenue generation.
• Minimal Capitalization: Share capital reported is a trivial amount (£100 called up), insufficient to support ongoing operations or absorb losses.
• Lack of Updated Financials: Only one set of unaudited abridged accounts is available (to 28 February 2022), with no subsequent financial data to assess current financial health or performance trends.

3. Positive Indicators:

• Compliance with Filings: The company is up to date with its statutory accounts and confirmation statement filings, indicating adherence to regulatory requirements.
• Active Status: The company remains active and not in liquidation or administration, implying it has not faced formal insolvency proceedings.
• Experienced Directors: Two directors appointed at incorporation remain in place, which may suggest stable governance, though no further detail on their backgrounds or conduct is provided.

4. Due Diligence Notes:

• Obtain latest financial statements beyond February 2022 to assess current financial position and any trading activity.
• Investigate business model, contracts, or client base to determine operational viability and revenue prospects.
• Review directors’ backgrounds and related party transactions, especially given significant shareholding by Skills Team Group Limited, to understand control dynamics.
• Assess cash flow forecasts, funding arrangements, or capital injections since last filing to evaluate liquidity and solvency risk.
• Confirm if the company has commenced substantive trading activities since incorporation and if any assets or liabilities have arisen.