ALTOCODE LTD

Executive Summary

ALTOCODE LTD is a dormant private limited company with no trading activity or meaningful financial resources. Its minimal balance sheet and lack of cash flow preclude any reasonable expectation of servicing debt. Credit approval is not recommended until substantial operational and financial developments occur.

ALTOCODE LTD - Analysis Report

Company Number: 12614600

Analysis Date: 2025-07-20 16:08 UTC

1. Credit Opinion: DECLINE
   ALTOCODE LTD is currently a dormant company with minimal financial activity and no operating history reported since incorporation in 2020. The absence of trading results, negligible cash balance (£1), and no assets or liabilities beyond the nominal share capital indicate no capacity to generate revenue or service debt. Approving credit to a dormant company with no financial track record or cash flow is not advisable.

2. Financial Strength:
   The company’s balance sheet is extremely limited, showing net assets and shareholder funds of only £1, which corresponds to the single issued share capital. There are no fixed or current assets, and the company holds only £1 in cash. This reflects a negligible financial base without capital reserves or working capital to support business operations.

3. Cash Flow Assessment:
   Cash flow is effectively nonexistent, with recorded cash at bank of £1 consistently over the last three years. The company neither generates operating cash flow nor holds sufficient liquidity to meet any short-term obligations or unexpected expenses.

4. Monitoring Points:

• Should the company transition from dormant status to active trading, closely monitor financial filings for evidence of revenue generation, profitability, and liquidity improvements.
• Watch for updated cash flow statements and working capital positions upon filing of future accounts.
• Review director appointments and any material changes in business activity or capital structure that might affect credit risk.