WP GRID STORAGE 11 LIMITED

Executive Summary

WP GRID STORAGE 11 LIMITED is a newly formed entity with nominal financial resources and no operational activity as of the latest accounts. While regulatory compliance and experienced directors are positive, the lack of assets and income presents a high solvency and liquidity risk. Further due diligence on funding plans and related party support is essential before considering investment.

WP GRID STORAGE 11 LIMITED - Analysis Report

Company Number: 14719568

Analysis Date: 2025-07-29 18:02 UTC

1. Risk Rating: HIGH

Justification: WP GRID STORAGE 11 LIMITED is a newly incorporated private limited company with minimal financial substance reflected in its first available accounts. The company's net assets and current assets are nominal (£1), with no recorded income, employees, or significant operational activity. This profile indicates a high risk of insolvency or financial instability in the near term without further capital injection or operational development.

2. Key Concerns:

• Extremely limited financial resources: The entire balance sheet shows only £1 in cash and net assets, indicating no working capital or operational funding.
• Lack of operational activity: No employees and no profit & loss account filed, suggesting the company has not commenced trading or generated revenue.
• Ownership and control concentration: 100% control by Welsh Power Group Limited may imply limited financial independence and potential reliance on related party support.

3. Positive Indicators:

• Compliance with filings: The company’s accounts and confirmation statements are filed on time with no overdue documents, demonstrating regulatory compliance thus far.
• Experienced management: Directors include individuals with professional backgrounds in law and accounting, which may support sound governance and compliance.
• Clear industry classification: SIC code 35110 (Production of electricity) positions the company in a stable sector with potential long-term demand.

4. Due Diligence Notes:

• Investigate the business plan and capital structure: Understand the company’s strategy for funding operational start-up and growth, including related party financing arrangements.
• Review intercompany relationships: Examine transactions and financial support agreements with Welsh Power Group Limited and Carron Energy Limited to assess financial backing and potential liabilities.
• Monitor future financial performance: Request updates on subsequent periods to evaluate revenue generation, asset acquisition, and staffing progress.