HAS-VENT GROUP LIMITED

1. Risk Rating: MEDIUM
Justification: The company is active, has no overdue filings, and holds a substantial £4,000,000 issued share capital. However, the available data contains no financial statements or trading figures. As a holding company, its solvency depends on underlying subsidiaries that are not visible in this extract. The risk profile is therefore best described as medium until full accounts are reviewed.

2. Key Concerns

• Dependence on underlying group performance: The company’s SIC code is “Activities of distribution holding companies.” Its cash flow will likely come from subsidiary dividends, intra-group receipts, or funding arrangements. None of those financial flows are visible in the data provided.
• Limited financial transparency: HAS-VENT GROUP LIMITED files as a small company, which permits reduced disclosure. No turnover, profit, net assets, cash position, or debt figures are available from the supplied information, making an independent solvency and liquidity assessment incomplete.
• Concentrated control and ownership complexity: A corporate entity, Has-Vent Holdings Limited, controls more than 75% of shares and voting rights. There is also a “persons with significant control statement” referenced, but no individual beneficial owner is identifiable from this extract. This ownership chain should be traced carefully.

3. Positive Indicators

• The company is Active and is not flagged for liquidation, administration, or receivership.
• Filing compliance appears acceptable: the latest confirmation statement and accounts are not shown as overdue.
• Issued share capital of £4,000,000 suggests the company has been capitalised at a meaningful level.
• The website indicates an active operating brand in the spiral ductwork and ventilation sector, which supports the view that the wider business has commercial activity.

4. Due Diligence Notes

• Obtain the latest full annual accounts from Companies House, including the balance sheet, profit and loss account, and notes. Focus on net current assets, net assets, and any intercompany balances.
• Identify all subsidiary undertakings and establish whether the holding company has provided guarantees, cross-guarantees, or security over its assets.
• Review the Companies House charges register for any debentures, mortgages, or fixed/floating charges.
• Trace the ultimate beneficial owner of Has-Vent Holdings Limited and map the full group structure.
• Understand the purpose and timing of the early name changes, particularly the changes from HAS AIR SUPPLY GROUP LIMITED to HAS-VENT LIMITED and then to HAS-VENT GROUP LIMITED within a few days of incorporation.
• If external debt exists, confirm any covenants, repayment schedules, and the availability of group or parent support.