BULGIN LIMITED

1. Risk Rating: LOW

The company demonstrates a low risk profile based on available evidence. It is well-capitalized with over £10.2m in share capital, maintains a long-standing operational history in the electronic components sector, and appears to be under the ownership of a substantial global corporate entity (Infinite Electronics International). The company is actively registered and has no overdue filing flags.

2. Key Concerns

1. Overlapping PSC Registrations: The data lists multiple entities (Infinite Electronics International, Regatta Bidco Limited, and Elektron Technology Plc) holding more than 75% of shares and voting rights. This overlapping control suggests either a recent, potentially incomplete corporate restructuring or messy PSC filings that need to be untangled to confirm the ultimate beneficial owner.
2. Anomalous Filing Dates: The accounts are listed as "last made up" to 2025-12-31, and the confirmation statement to 2026-07-09. As these dates are in the future, it indicates either a data extraction error or highly unusual extended filing periods following a recent acquisition, which warrants clarification.
3. Absence of Trading Financials: While share capital is known, the available data omits key financial metrics (turnover, net assets, working capital, profitability). Without these, it is impossible to assess the underlying operational profitability or short-term liquidity position of the business itself.

3. Positive Indicators

1. Strong Corporate Backing: The involvement of Infinite Electronics International, Inc. (a well-known global provider of electronic and RF components) as a PSC provides significant financial and operational stability.
2. Substantial Capitalization: The reported share capital of £10,200,007.50 indicates a strongly funded corporate entity, reducing immediate solvency concerns.
3. Established Market Presence: Incorporated in 2003 and operating under well-known legacy names such as Arcolectric and Elektron Technology, the company has a proven, multi-decade track record in the manufacture of electronic components (SIC 26110).
4. Compliance Standing: The company is Active, not in liquidation, and has no filings flagged as overdue.

4. Due Diligence Notes

1. Ownership Structure: Investigate the exact chain of ownership. It is highly likely that Bulgin was recently acquired by Infinite Electronics (via Regatta Bidco Limited) from Elektron Technology Plc. The PSC register should be reviewed to ensure historical and current ownerships are accurately reflected and separated.
2. Financial Performance: Obtain the latest filed full accounts (historically up to 2023 or 2024) to review current assets, current liabilities, and net current assets to assess working capital and liquidity.
3. Filing Dates Verification: Cross-reference Companies House directly to verify the correct accounting reference dates, as the future dates provided in this dataset (2025/2026) are anomalous.