WP GRID STORAGE 12 LIMITED

Executive Summary

WP GRID STORAGE 12 LIMITED is a newly incorporated entity with minimal financial activity and assets, indicating high risk from a solvency and operational perspective. While the company maintains compliance with filing requirements and has experienced directors, its current financial position and lack of employees suggest it is not yet operational and heavily reliant on its parent company for support. Further investigation into its business plans and intercompany funding is recommended to assess future viability.

WP GRID STORAGE 12 LIMITED - Analysis Report

Company Number: 14719691

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

1. Risk Rating: HIGH
   The company shows minimal financial activity with only £1 in current assets and net assets, no employees, and no profit and loss data filed. This extremely limited financial footprint suggests a high risk in terms of solvency and operational sustainability.

2. Key Concerns:

• Liquidity and Solvency: The balance sheet reports only £1 in cash and net assets, indicating no material working capital or liquidity to meet obligations without external support.
• Operational Stability: No employees and no profit and loss account available, suggesting the company is not currently operational or generating revenue.
• Dependence on Parent Company: The sole shareholder and controller is Welsh Power Group Limited, implying the company may be a special purpose vehicle or dormant entity without independent financial strength.

3. Positive Indicators:

• Compliance with Filings: Accounts and confirmation statements are filed on time, indicating regulatory compliance and no immediate governance red flags.
• Experienced Directors: The board includes professionals with relevant expertise (accountant, solicitor, directors), which may support sound governance if operations commence.
• Clear Ownership Structure: Ownership by Welsh Power Group Limited is transparent, facilitating accountability and potential financial backing.

4. Due Diligence Notes:

• Investigate the company's business plan and operational status to determine if it is currently dormant or in early development stages.
• Review intercompany transactions and funding arrangements with Welsh Power Group Limited and Carron Energy Limited to assess financial support and contingent liabilities.
• Confirm if the company intends to commence trading or investments in electricity production and the timeline for scaling operations.