Company Number: 12535280

Analysis Date: 2025-07-29 18:03 UTC

1. Risk Rating: HIGH
   Justification: The company exhibits extremely minimal financial activity with net assets of only £100 and no reported turnover or employees. The financial statements show no operational revenue or expenses, indicating no substantive trading activity. Such a financial position suggests a high risk regarding the company’s ability to meet obligations and maintain operational viability.

2. Key Concerns:

• Minimal Financial Resources: With total assets and shareholders’ funds of only £100 consistently over multiple years, the company lacks the financial strength to absorb losses or invest in operations.
• No Reported Income or Employees: The absence of turnover and employees raises concerns about the company’s operational stability and sustainability as a going concern.
• Control Concentration and Name Changes: Ownership and control have shifted among entities and individuals with significant shareholding concentration (75-100%) in a single person and limited companies. The recent company name change (from WILS-ED. LIMITED to LEDGERLY LTD) could reflect restructuring or rebranding but merits further scrutiny.

3. Positive Indicators:

• Compliance with Filing Requirements: The company is up to date with its accounts and confirmation statement filings, signaling good regulatory compliance and governance discipline despite limited activity.
• Clear Director Appointment: The current director is identified with no known disqualifications or compliance issues, which supports transparency in management.
• No Overdue Filings or Liquidation Status: The company remains active and solvent in legal terms, with no indication of insolvency proceedings or overdue statutory submissions.

4. Due Diligence Notes:

• Investigate the reason for consistent minimal financial activity and the company’s business model viability.
• Verify the nature of transactions (if any) beyond the financial statements, including contracts, client base, or planned operations.
• Understand the implications and rationale behind the recent company name change and changes in controlling interests, including the status and involvement of Xxxxxxxname shown to subscribers and Xxxxxx Xxxxxxxxname shown to subscribers.
• Confirm whether the company is currently trading or is effectively dormant despite the “Active” status.
• Review directors’ plans or strategic outlook to assess future operational intentions and risk mitigation measures.