ZEROPLUSTHEATRE LTD

Executive Summary

ZEROPLUSTHEATRE LTD currently presents a high risk profile due to its dormant status, zero net assets, and limited financial activity. While compliance with filing obligations and active company status are positive, the absence of trading and minimal working capital raise solvency and liquidity concerns. Further investigation into operational plans and member guarantees is recommended to clarify the company’s future viability.

ZEROPLUSTHEATRE LTD - Analysis Report

Company Number: 14015978

Analysis Date: 2025-07-29 15:50 UTC

1. Risk Rating: HIGH

   Justification: The company is classified as dormant for the latest financial year with zero net assets and shareholders' funds. Prior year figures show minimal turnover (£17,960) and current liabilities exceeding current assets, indicating weak financial activity and limited operational scale. The absence of share capital and the limited by guarantee structure further complicate equity assessment. Overall, there is a significant risk that the company cannot meet obligations or sustain operations without additional funding or business activity.

2. Key Concerns:

   • Dormant Status with Zero Net Assets: The company filed dormant accounts for the most recent period, reporting zero net assets and reserves, suggesting no active trading or financial buffer.
   • Limited Financial Activity: Prior year turnover was very low with minimal current assets (£3) and current liabilities of £1,540, implying working capital constraints and potential liquidity issues.
   • Company Structure - Limited by Guarantee: Without share capital, the financial backing depends on guarantors rather than shareholders, which may limit capital raising options and investor protections.

3. Positive Indicators:

   • Compliance with Filing Requirements: The company is up to date with accounts and confirmation statement filings, with no overdue reports or penalties noted.
   • Active Company Status: Although dormant in the latest year, the company is still registered as active, preserving the option to recommence operations.
   • Clear Industry Classification: The company’s SIC codes (90010, 90020) clearly define its focus on performing arts activities, which may appeal to niche investors familiar with this sector.

4. Due Diligence Notes:

   • Investigate the reasons behind the dormant filing—whether this reflects a temporary pause or a winding down of operations.
   • Review the company’s business plan and funding sources given the lack of share capital and low asset base.
   • Examine any guarantees or financial commitments by members given the limited by guarantee structure.
   • Confirm director background and any related party transactions to assess governance and operational viability.