YOZGAT LTD

1. Risk Rating: MEDIUM

Justification: YOZGAT LTD is an active, incorporated private company with statutory filings up to date and no insolvency proceedings. However, it is classified as dormant, has never traded according to its filed accounts, holds net assets of only £1, and has experienced recent officer departures, leaving limited operational substance.

2. Key Concerns

• Dormant status and absence of trading activity: The company’s accounts indicate the entity has never traded and is classified under SIC 99999 (Dormant Company). There is no revenue-generating operation, and net assets stand at £1, providing no commercial or financial buffer.
• Minimal capital base: Shareholders’ funds of £1 offer negligible protection against even modest liabilities or administrative costs. The balance sheet also reflects called-up share capital not paid, which should be verified as a recoverable amount rather than a shortfall.
• Recent officer turnover: A director and the corporate secretary both resigned in August 2026, leaving a sole current director. This reduces governance depth and may indicate limited ongoing management oversight.

3. Positive Indicators

• Statutory filings are current: the accounts and confirmation statement are not overdue, and the next account filing is not due until February 2028.
• The company remains active on the register and is not in liquidation, administration, or receivership.
• The latest dormant accounts were filed under section 480 of the Companies Act 2006 with the appropriate audit exemption claimed, indicating compliance with dormant company reporting requirements.

4. Due Diligence Notes

• Confirm the identity and extent of any persons with significant control; the provided extract contains only a generic PSC statement without substantive ownership details.
• Establish the company’s intended future status: continued dormancy, commencement of trading, or voluntary strike-off.
• Investigate the reduction in net assets from £4 to £1 across the reported financial history.
• Verify whether any contingent liabilities or obligations exist that are not reflected in dormant accounts.
• Confirm the registered office remains operational and that statutory correspondence is being monitored.