RIDGEONS LIMITED

Risk Rating: LOW Justification: The company is officially classified as dormant (SIC 99999), indicating it does not actively trade and therefore carries minimal operational or solvency risk as a standalone entity. It has a long corporate history (incorporated in 1989), its statutory filings are up to date, and it operates under the clear ownership structure of a larger corporate group.

Key Concerns: - Operational Opacity / Dormant Status: While the company is registered as dormant, its website domain resolves to an active builders merchant (Huws Gray Ltd), and its registered address is care of the Huws Gray Limited Head Office. This indicates Ridgeons Limited is likely a non-trading shell or holding entity within a larger group. Consequently, assessing the standalone financial health (solvency/liquidity) of this specific entity is impossible based on dormant accounts, as the commercial value lies at the group level. - Financial Data Limitations: As a dormant, audit-exempt subsidiary, the company is not required to file detailed profit and loss statements or comprehensive balance sheets. This lack of financial transparency means we cannot independently verify its net asset position or whether it holds dormant liabilities. - Filing Data Anomaly: The last confirmation statement was made up to 2026-08-30, which is a future date. While the filing is listed as "not overdue," a future make-up date suggests a potential administrative error by the company or a data anomaly that requires clarification.

Positive Indicators: - Regulatory Compliance: The company is active, not in liquidation, and has no overdue filings for accounts or confirmation statements, demonstrating basic administrative compliance. - Corporate Longevity: Incorporated in 1989, the company has a 35-year track record, suggesting long-term stability and survival through various economic cycles. - Transparent Ownership: The PSC is clearly identified as Ridgeons Support Services Limited, owning more than 75% of the shares. This clear corporate structure reduces the risk of opaque beneficial ownership.

Due Diligence Notes: - Verify Group Structure: Investigate the financial health of the parent company, Ridgeons Support Services Limited, and the ultimate holding company (likely Huws Gray Limited). Any solvency or liquidity risk will be concentrated at the group level rather than within this dormant entity. - Confirm Filing Dates: Manually verify the Companies House register to confirm the accuracy of the 2026 confirmation statement date and ensure no recent compliance breaches have occurred. - Determine Purpose of Entity: Ascertain the strategic purpose of Ridgeons Limited within the Huws Gray group (e.g., whether it holds specific intellectual property, property assets, or is merely a legacy entity kept dormant for historical reasons). - Director Checks: Conduct standard background checks on the four listed directors to ensure they possess good standing and no disqualification records.