Company Number: 13054835

Analysis Date: 2025-07-20 18:48 UTC

1. Risk Rating: HIGH
   The company is effectively dormant with negligible financial activity and minimal assets. This raises significant concerns about its ability to meet obligations or sustain operations.

2. Key Concerns:

• Dormant Status: The company has filed dormant accounts consistently, indicating no substantive trading or cash flow. This suggests no operational business activity.
• Minimal Financial Resources: Cash and net assets stand at £1, indicating no working capital for business operations or liabilities coverage.
• Lack of Operational History: Since incorporation in late 2020, the company has remained dormant, with no indication of planned trading or revenue generation.

3. Positive Indicators:

• Compliance: All statutory filings (accounts and confirmation statements) are up to date with no overdue submissions or penalties noted.
• Clear Governance: There is a named director with stable appointment since incorporation and no indication of director disqualifications or governance issues.
• Exemption Reliance: The company correctly uses dormant company exemptions under Companies Act 2006, indicating appropriate compliance with filing requirements for its status.

4. Due Diligence Notes:

• Investigate the rationale behind maintaining the company in dormant status since incorporation—whether for future business plans, holding assets, or other strategic reasons.
• Confirm if there are any contingent liabilities or off-balance sheet commitments not reflected in dormant accounts.
• Review any related party transactions or agreements given the note that the company acted as an agent during the year, despite dormant classification.
• Assess the director’s intentions and any plans for activating business operations or dissolving the company.