Company Number: 13816395

Analysis Date: 2025-07-29 16:03 UTC

1. Credit Opinion: DECLINE

13 APES LIMITED is a dormant company with no trading activity reported since incorporation in late 2021. The financials show nominal cash and net assets of £1, reflecting only the initial share capital with no operational income or expenses. There is no evidence of revenue generation or financial activity to support debt servicing capability. The company’s dormant status and minimal financial footprint present a high credit risk, as there is no demonstrated ability to generate cash flows or profits. Without operational performance or working capital, extending credit is not advisable.

2. Financial Strength:

The balance sheet is extremely limited, showing only £1 in cash and shareholders’ funds, representing a single issued share. There are no fixed or current assets, no liabilities, and no retained earnings. This minimal balance sheet is typical for a dormant entity with no trading history. The absence of assets and earnings means there is no cushion to absorb financial shocks or support credit obligations.

3. Cash Flow Assessment:

No cash flow activity is evident aside from the initial capital injection of £1. The company does not generate operating cash flows, nor does it hold working capital. Liquidity is essentially nonexistent beyond the nominal share capital. This lack of cash flow capacity indicates the company cannot fund operations, repay debts, or meet financial commitments.

4. Monitoring Points:

• Monitor for any change in trading status, as transition from dormant to active would require new financial data to reassess creditworthiness.
• Track director appointments and PSC changes for any shifts in management strategy or financial backing.
• Watch for upcoming accounts filings and confirmation statements to ensure compliance and detect any emerging financial activity.
• Review any future disclosures of trading results, cash flow statements, or balance sheet changes indicating operational development.