DAC TELECOMMS LTD

Risk Rating: MEDIUM

Justification: The company is active, not insolvent, and all statutory filings are currently up to date. However, it was incorporated on 17 October 2025 and has not yet filed any accounts, so there is no published financial evidence with which to assess solvency, liquidity, or trading performance. The rating reflects this information gap and limited operating history rather than any observed financial distress.

Key Concerns

1. No filed financial accounts: The first accounts are not due until 17 July 2027. Without a balance sheet or profit and loss account, it is impossible to assess whether the company can meet its obligations, whether it holds adequate working capital, or whether it is generating revenue.

2. Limited operating history in a capital-intensive sector: Incorporated in October 2025, the company has no demonstrated track record. Its SIC classification (61100 – wired telecommunications activities) typically involves significant infrastructure investment and regulatory obligations, which can be challenging for a newly formed entity to fund and sustain.

3. Concentrated ownership and control: The two current directors are also the persons with significant control. Each holds between 25% and 50% of shares and voting rights, and each has the right to appoint and remove directors. This structure concentrates decision-making authority without an evident independent governance check from public records.

Positive Indicators

• The company is active and is not in liquidation, administration, or receivership.
• Both the accounts and confirmation statement are currently not overdue, indicating basic regulatory compliance to date.
• As a private limited company, shareholder liability is limited to invested capital.

Due Diligence Notes

• Request management accounts or bank statements to verify cash reserves and liquidity, since no published balance sheet exists.
• Confirm the date trading commenced and review early customer contracts or revenue pipeline in the wired telecommunications sector.
• Verify whether any regulatory authorisations are required for the company’s activities and whether they are in place.
• Establish whether the registered address at 64 Deepdale Road, Preston is an operational trading site or a service/correspondence address.
• Monitor the confirmation statement due 30 October 2026 and the first accounts due 17 July 2027 for timeliness and content once filed.