Company Number: 13136873

Analysis Date: 2025-07-20 17:58 UTC

1. Credit Opinion: DECLINE
   The company shows persistent and worsening net liabilities over four consecutive years, with net current liabilities increasing from £3,262 in 2021 to £11,919 in 2024. There is no evidence of revenue generation or employees, and the SIC code classifies it as dormant. This indicates no trading activity and an inability to service debts or generate cash flow. The continuing negative equity and lack of operational indicators make the company a high credit risk.

2. Financial Strength:
   The balance sheet is weak, with net liabilities of £11,919 and shareholders funds in deficit by the same amount. Current liabilities significantly exceed current assets, reflecting poor working capital management. The micro-entity status and minimal share capital (£1) provide limited financial buffer. The absence of fixed assets or other tangible resources further limits the company’s financial resilience.

3. Cash Flow Assessment:
   The company’s current assets are minimal (£993) and insufficient to cover its creditors due within one year (£12,912). This negative working capital position suggests liquidity stress and inability to meet short-term obligations without external funding. Lack of employees and dormant classification imply negligible operational cash inflows, reinforcing cash flow weakness.

4. Monitoring Points:

• Watch for any filed accounts showing improved assets or reduction in liabilities.
• Monitor if the company moves out of dormant status and begins trading with positive cash flows.
• Review director actions for plans to recapitalise or restructure the balance sheet.
• Check for overdue filings or director disqualifications indicating governance risks.