Credit Analysis: ALMOR LIMITED (02736280)

1. Credit Opinion: DECLINE

The company is in liquidation. This is an absolute bar to any credit facility. A company in liquidation is undergoing formal closure; its assets are being realised for the benefit of existing creditors, and it cannot meaningfully enter into new borrowing arrangements or commercial obligations. No further analysis can alter this determination — the company is ceasing to exist as a going concern.

The overdue filings (accounts and confirmation statement) are consistent with a business that has ceased normal operations and is unlikely to produce further compliant documentation.

2. Financial Strength

No usable financial data is available. The last filed accounts date to 30 September 2020 — over three years old — and subsequent accounts are overdue. Given the liquidation status, it is reasonable to infer:

• Net assets are likely negative — insufficient to satisfy existing creditor claims, which would have triggered or contributed to the liquidation
• Share capital of £11,430 is nominal and provides negligible buffer
• Shareholder funds have likely been eroded by accumulated losses

The absence of recent filings prevents detailed balance sheet analysis, but the liquidation itself is the definitive indicator of insolvency.

3. Cash Flow Assessment

Not applicable. A company in liquidation has no ongoing cash generation capacity available to service new debt. Any cash inflows are being administered by the liquidator for distribution to existing creditors in statutory priority order (secured creditors → preferential creditors → unsecured creditors → shareholders).

Trade creditors should expect to receive only a pence-in-the-pound return, if anything, depending on the realisable value of assets and the seniority of their claims.

4. Monitoring Points

While credit exposure to this entity should not be extended, the following are relevant for any existing exposure or related-party considerations:

• Liquidation progress: Monitor for liquidator reports detailing asset realisations and estimated dividends to creditors
• Director conduct: Directors Christopher John Allum, Thomas Christopher Allum, and Martin John Leadbetter should be monitored for disqualification proceedings, particularly if wrongful trading is suspected
• Connected entities: Dr Christopher John Allum (PSC with >75% shareholding) may have other business interests; any credit applications involving him should receive enhanced scrutiny
• Preferential transactions: Be alert to any transactions in the period before liquidation that may be challenged by the liquidator (transactions at undervalue, preferences)