Company Number: 13307856

Analysis Date: 2025-07-29 18:59 UTC

1. Risk Rating: HIGH

   Justification: The company is currently dormant with minimal financial activity and nominal net assets of £100 as of the latest filing. Previous financial data shows a large decline in assets and shareholders' funds, suggesting possible restructuring or asset transfers. The lack of current assets and revenues indicates no ongoing trading, posing significant solvency and liquidity risks.

2. Key Concerns:

   • Dormant Status with Minimal Financials: The company filed dormant accounts for the latest year with only £100 in cash and net assets, indicating no active trading or revenue generation.
   • Large Historical Asset Reduction: Prior years show substantial fixed and current assets (over £5 million in 2023), but this disappeared in the latest accounts, which may indicate asset disposals, transfers, or restructuring that require explanation.
   • Complex Ownership and Control Changes: Multiple changes in directors and significant control have occurred within a short period, with overlapping reported ownership stakes that could signal governance or transparency issues.

3. Positive Indicators:

   • Compliance with Filings: The company is up to date with its accounts and confirmation statement filings, with no overdue documents or penalties.
   • Stable Registered Status: The company remains active and is not in liquidation, administration, or receivership.
   • Experienced Management: Current directors include a finance director and managing director, suggesting some level of formal management structure.

4. Due Diligence Notes:

   • Investigate the cause and nature of the significant reduction in assets from 2023 to 2024, including any asset sales, transfers, or intercompany transactions.
   • Clarify the company’s current business operations given the dormant filing, and confirm whether the company intends to trade in the near future.
   • Review the background and relationship among the persons with significant control to understand the ownership structure, especially given overlapping control claims.
   • Verify the completeness and accuracy of the financial records, particularly relating to asset disposals or restructuring events.
   • Assess any contingent liabilities or off-balance-sheet obligations that might affect solvency.