YARDEX GROUP LTD

Risk Rating: MEDIUM — The company is active, not in insolvency proceedings, and all statutory filings are current. However, it was incorporated on 21 January 2026 and has not yet filed any accounts, so no balance sheet, profit and loss, or cash flow data is available to assess its ability to meet obligations. Ownership is concentrated in a single corporate PSC holding more than 75% of shares and voting rights, with one director listed.

Key Concerns

1. Absence of financial statements: First accounts are not due until 21 October 2027. Without filed accounts, solvency, liquidity, and operational performance cannot be verified from public records.
2. Short trading history: Incorporated in January 2026, the company has a limited track record in its sector (SIC 46140: agents involved in the sale of machinery, industrial equipment, ships and aircraft).
3. Governance concentration: A single corporate entity (Nmcl Holdings Ltd) holds more than 75% of shares, voting rights, and the right to appoint and remove directors. Only one director is currently listed, creating dependency on a small number of decision-makers.

Positive Indicators

• Active company status with no liquidation, administration, or receivership proceedings.
• No overdue accounts or confirmation statement filings; next filings are due in 2027.
• Registered office at a commercial address in Belfast.

Due Diligence Notes

• Request interim or management accounts to establish current cash holdings, debtors, creditors, and working capital since incorporation.
• Identify the source of initial funding and any shareholder loans or guarantees supporting the company.
• Obtain details of Nmcl Holdings Ltd, including its financial position and any group relationships.
• Review customer and supplier concentration, particularly given the agency business model in industrial equipment and related sectors.
• Confirm the director's other business interests and any potential conflicts or group dependencies.