BIG SOFA TECHNOLOGIES LIMITED

1. Risk Rating: HIGH The company is listed with a status of "Dissolved," indicating it is no longer an active trading entity. Furthermore, the available financial data reveals a history of significant operating losses, rendering any investment or credit exposure highly precarious.

2. Key Concerns * Corporate Status and Solvency: The company status is recorded as "Dissolved" (with an anomalous future dissolution date of 2026-10-07 noted in the data). A dissolved status inherently signifies maximum solvency risk, as the entity has ceased operations and is no longer a going concern. * Sustained Financial Losses: The latest available accounts text (for the year ended 31 December 2019) shows a substantial loss of £1,984,000, following an even larger loss of £3,128,000 in 2018. This sustained cash burn severely undermines both solvency and liquidity. * Governance and Control Discrepancies: There is a notable discrepancy in the officer records. The current officer listed in the metadata is Xxxxxx Xxxxxxxxname shown to subscribers, while the 2019 filed accounts name Xxxxxx Xxxxxxxxname shown to subscribers as the sole director and company secretary. Additionally, the Persons with Significant Control (PSC) register shows conflicting control claims, with both "Big Sofa Technologies Group Plc" and "Big Sofa Technologies Group Limited" claiming ownership of more than 75% of the shares.

3. Positive Indicators * Research and Development Investment: In 2019, the company was actively investing in its product pipeline, spending £907,000 on R&D, with £672,000 capitalized. This indicates an attempt to build long-term intellectual property prior to its dissolution. * Statutory Filing Compliance: Despite the dissolved status and historical financial struggles, the metadata indicates that the last filed accounts (up to 31 December 2021) and confirmation statement (up to 12 September 2022) are not marked as overdue.

4. Due Diligence Notes * Investigate the exact nature of the corporate status and the anomalous dissolution date of 2026-10-07 to confirm whether this is a scheduled future strike-off or a data entry error. * Trace the corporate hierarchy to resolve the conflicting PSC declarations between Big Sofa Technologies Group Plc and Big Sofa Technologies Group Limited. * Review the full financial statements for the periods ending 31 December 2020 and 31 December 2021 (the last made-up date) to assess the trajectory of the company's decline leading up to dissolution. * Clarify the directorship history and the exact dates of appointment and resignation for both Xxxxxx Xxxxxxxxname shown to subscribers and Xxxxxx Xxxxxxxxname shown to subscribers to ensure compliance with Companies Act filing requirements.

Names of the people mentioned are shown to subscribers. See subscription