TRIOS SECURE LIMITED
Company number 03169729 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Risk Rating: LOW
Justification: The company is dormant, has no overdue filings, and holds minimal share capital (£100). While dormant status limits trading risk, it also raises questions about operational substance. The complex ownership structure warrants caution, but the compliance record is clean.
Key Concerns
1. Dormant status contradicts SIC code: The company is classified under "Combined facilities support activities" (SIC 81100) yet reports no trading activity. This suggests it may be a non-trading holding entity or a shell within a group structure, which could obscure actual business operations or liabilities.
2. Complex PSC chain: Multiple corporate entities (Trios Facilities Management Limited, Gold Round Limited, etc.) are listed as persons with significant control, with some appearing to hold overlapping ownership rights. This opacity increases due diligence cost and may mask ultimate beneficial owners or contingent liabilities.
3. No financial data disclosed: As a dormant company, no balance sheet or profit/loss figures are filed. While legal, this prevents assessment of solvency, liquidity, or asset backing—critical for any investor considering exposure.
Positive Indicators
- All filing deadlines met (accounts and confirmation statement).
- Long-standing incorporation since 1996, suggesting stability or continued group use.
- Directors are all current and appear to have no disqualification records disclosed.
Due Diligence Notes
- Request consolidated group accounts or intercompany agreements to understand why Trios Secure is maintained as a dormant entity and whether it holds any contingent liabilities (e.g., guarantees, leases).
- Confirm ultimate beneficial owner by tracing through the corporate PSC chain (especially Trios Facilities Management Limited and Spie UK Limited).
- Verify that the dormant classification is accurate by obtaining a director’s confirmation that no significant transactions occurred.
- Investigate historical activity: the previous name (Tolley Window & Door Service Limited) suggests the company once traded; understand why it ceased.