Company Number: 13290221

Analysis Date: 2025-07-19 12:56 UTC

1. Risk Rating: HIGH
   Justification: The company is classified as dormant with minimal financial activity and extremely limited assets (£2 in cash and share capital). There is no trading history or evidence of operational revenue, which raises significant concerns about its ability to meet obligations or sustain business operations.

2. Key Concerns:

• Dormant Status with No Trading Activity: The company has filed dormant accounts for multiple years, indicating no commercial activity or revenue generation.
• Minimal Financial Resources: Net assets and cash remain at £2, reflecting no capital injection or retained earnings to support operations or liabilities.
• Recent Director Changes: The turnover of directors within a short period (two resignations within the first 2 years) might indicate instability or governance concerns.

3. Positive Indicators:

• Compliance with Filing Requirements: The company has filed accounts and confirmation statements on time without overdue filings or penalties, demonstrating regulatory compliance.
• Clear Ownership Structure: Significant control is clearly documented, with a single individual holding majority ownership and control rights, which may facilitate decision-making.
• No Indication of Insolvency Proceedings: The company is active and not in liquidation, administration, or receivership.

4. Due Diligence Notes:

• Investigate the company’s business plan or intentions for activation since incorporation given the dormant status.
• Confirm whether the company has any contingent liabilities or off-balance sheet obligations not reflected in dormant accounts.
• Review the background and intentions of the current director and majority shareholder regarding future plans and funding commitments.
• Explore reasons behind early director resignations to assess governance or internal issues.