Investment Risk Analysis: GEOPURE LLP

Companies House Number: NC001367

1. Risk Rating: MEDIUM-HIGH

The company receives a medium-high risk rating primarily due to overdue financial filings, which is a significant compliance concern. While the entity is active, established, and not in liquidation, the combination of compliance irregularities and absence of verifiable financial data creates meaningful uncertainty for prospective investors. The overdue status suggests either administrative neglect, internal disruption, or potential underlying financial difficulty that has delayed reporting.

3. Key Concerns

1. Overdue Annual Accounts Filing The most pressing concern is the overdue accounts status. The latest filed accounts cover the period ending 30 June 2023, and accounts for the year ending 30 June 2024 should have been submitted by 31 March 2025. Late filings are widely regarded by credit reference agencies and lenders as a leading indicator of financial distress or poor governance. Penalties may have already accrued, and prolonged non-filing can lead to strike-off proceedings by Companies House.

2. Absence of Verifiable Financial Data No financial statements (turnover, profit/loss, balance sheet figures) are available in the dataset. As a Micro entity, GEOPURE LLP benefits from reduced disclosure requirements, which means we cannot independently verify revenue trends, profitability, working capital position, or debt levels. For an investor, this opacity is a material concern.

3. Corporate Designated Member with Ambiguous Role The presence of "Compliance Management Group Ltd" as a corporate designated member is unusual for a trading LLP. While legitimate in many cases (often used by professional services firms or family structures), it complicates ultimate beneficial ownership analysis and may suggest reliance on a third-party administration provider. Combined with the overdue filing, this raises questions about operational robustness.

4. Positive Indicators

• Active Status: The LLP is currently registered and operating, with no insolvency proceedings, liquidation, or administration flagged.
• Established Track Record: Incorporated in June 2016, the entity has been operating for approximately nine years, suggesting some degree of operational continuity.
• Current Confirmation Statement: The confirmation statement appears up to date and is not overdue, indicating at least baseline corporate housekeeping.
• Designated Members in Place: Two designated members are recorded, which satisfies the statutory requirement for LLPs (a minimum of two designated members is required for proper governance).
• PSC Disclosed: A person with significant control has been formally registered, demonstrating compliance with the 2016 transparency requirements.

5. Due Diligence Notes

Before any investment exposure, the following items should be investigated:

• Reason for Filing Delay: Request explanation from management for the overdue accounts. Determine whether this is a one-off administrative lapse or indicative of systemic issues. Check whether Companies House strike-off action has commenced.
• Micro-entity Threshold Confirmation: Verify the LLP genuinely meets micro-entity criteria (turnover ≤ £632k, balance sheet ≤ £316k, ≤ 10 employees). If the entity has outgrown this threshold but continues to file as Micro, this would constitute a regulatory misclassification.
• Business Activity Verification: No SIC code is provided in the available data. Confirm the nature of the business through direct enquiry — is it trading, holding, or professional services? The Northern Ireland registration and "Meadow Road" Moira address should be verified.
• Identify the Other PSC: Xxxxxx Xxxxxxxxname shown to subscribers is shown as holding 25-50% of voting rights. The remaining ownership (potentially held by Compliance Management Group Ltd or other partners) should be clarified to establish the full beneficial ownership structure.
• Cross-Reference Other Entities: Investigate whether Xxxxxx Xxxxxxxxname shown to subscribers or Compliance Management Group Ltd are associated with other companies, particularly any that have been dissolved or struck off.
• Review Accounts Once Filed: When the overdue accounts are submitted, scrutinise cash position, debtor concentration, and any related-party transactions. Particular attention should be paid to any transactions with Compliance Management Group Ltd.
• Charges and Insolvency Registers: Search the Companies House charges register and the Northern Ireland Insolvency register for any undisclosed security interests or prior insolvency events involving the partners.
• Director/Officer Disqualifications: No disqualification records appear in the dataset, but a separate Insolvency Service check should be conducted for both Xxxxxx Xxxxxxxxname shown to subscribers individually and any directors of Compliance Management Group Ltd.

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