UNIQUE SYSTEMS (A.V.) LIMITED

Risk Rating: HIGH
The company has been dissolved (struck off) as of 6 October 2026, rendering it ineligible for any new investment. The financial trajectory over the last two years shows an extreme and rapid erosion of net assets, with the business having already ceased trading prior to dissolution.

Key Concerns: 1. Company Dissolution – The company is no longer a legal entity. Investment is impossible; any existing equity is worthless unless the company is restored (unlikely without significant legal action and evidence of valid claims). 2. Severe and Rapid Asset Depletion – Net assets fell from £109,510 (Dec 2023) to £2,850 (Sep 2024) to £7,165 (Sep 2025). Total assets collapsed from £208,758 to £7,165 over the same period, indicating a near-total winding down of operations. The note “EntityNoLongerTradingButTradedInPast” confirms the business had ceased active trading at least by the financial year ending September 2025. 3. Absence of Revenue or Cost Information – The filed accounts provide no turnover or profit/loss figures. With zero employees and no disclosed income, the company appears to have been dormant in its final year. The lack of trading performance data makes it impossible to assess why the value was lost so quickly.

Positive Indicators: - The final balance sheet is debt-free (no creditors, no bank loans), and cash of £7,165 was retained. This suggests an orderly wind-down of liabilities rather than a disorderly default. - All filing deadlines were met up to the point of dissolution, indicating administrative compliance while the company was active. - Directors have no disqualification records in the available data, and the company maintained a consistent board structure.

Due Diligence Notes: - Investigate the dissolution process: Was it voluntary strike-off (form DS01) or compulsory (Companies House initiated)? The dissolution date is shortly after the accounts approval, suggesting a voluntary dissolution by the directors. Confirm the reason via any public notices. - Examine the relationship with the parent company Studiotech UK Ltd (PSC with >75% control). Why was this subsidiary allowed to be dissolved while the parent continues? Shareholder and intercompany loan arrangements should be reviewed. - Obtain the final confirmation statement (last made up 15 March 2026) to check any changes in director or shareholder intentions. The dissolution occurred only six months later – confirm no legal claims or creditor objections exist. - The accounting reference date was changed from 31 December to 30 September in 2024. The short period (9 months) between Jan and Sep 2024 shows a massive drop in assets. Clarify whether this reflects a disposal of fixed assets or repayment of borrowings.