Company Number: 14840942

Analysis Date: 2025-07-29 16:30 UTC

1. Risk Rating: HIGH
   Justification: The company is newly incorporated (2023), classified as dormant with minimal financial activity (£100 cash and net assets), and has undergone multiple director changes within a short period. There is no operational trading reflected and the name change suggests possible strategic uncertainty or restructuring.

2. Key Concerns:

• Dormant status with negligible financial resources indicates lack of trading activity and no revenue generation, raising solvency and liquidity concerns.
• Rapid turnover of directors within less than a year may imply governance instability or internal management issues.
• The company changed its name from Zephyr Garments Limited to Zafraan Kitchen Limited yet retains a domain and email linked to the previous name and industry (garments), suggesting potential confusion or misalignment in business focus and branding.

3. Positive Indicators:

• The company has fulfilled its filing obligations on time, with no overdue accounts or confirmation statements, demonstrating regulatory compliance to date.
• Shareholders’ funds are fully subscribed and accounted for, indicating initial capital injection even if minimal.
• PSCs are clearly identified with full control rights, providing transparency on ownership.

4. Due Diligence Notes:

• Investigate the rationale behind the name change and whether the company has commenced trading activities consistent with the new SIC codes related to food services.
• Confirm the operational status and business model, given dormant classification and very low asset base.
• Clarify the reason for frequent director appointments and resignations to assess governance risks.
• Verify if the domain and email remain active and related to the current business activities or are legacy from the prior garment business.
• Review any subsequent filings post-May 2024 for signs of trading, capital injection, or changes in financial position.