ANGEL GT RACING LTD

Executive Summary

Angel GT Racing Ltd is a newly formed dormant entity with no trading history, minimal financial resources, and a non-operational status. The company currently lacks the financial capacity or cash flow to support credit facilities, leading to a recommendation to decline credit at this stage. Future monitoring should focus on the company's transition to active trading and financial performance development.

ANGEL GT RACING LTD - Analysis Report

Company Number: 14989643

Analysis Date: 2025-07-29 18:45 UTC

1. Credit Opinion: DECLINE
   Angel GT Racing Ltd is a very recently incorporated company (July 2023) classified as dormant with minimal financial activity and no operational history. It has negligible assets (£2 net assets, £1 cash) and no trading or revenue reported to date. The single director and 100% owner is an individual with a background as a graphic designer, which does not directly align with the motor vehicle manufacturing sector the company is registered under. Given the lack of financial substance, operating history, and cash flow, the company currently lacks the capacity to service debt or meet credit obligations. Credit approval is therefore not recommended at this stage.

2. Financial Strength:
   The balance sheet is extremely limited with only £2 in net assets and £1 in cash. The share capital is minimal (£2 issued). No liabilities or working capital data exist due to dormant status. As a result, the company has no financial cushion or asset base to support borrowing or absorb adverse events. Without trading history or asset base, financial strength is effectively non-existent.

3. Cash Flow Assessment:
   Cash on hand is negligible (£1), with no reported income, receivables, or payables. The dormant status indicates no operating cash flows. The company currently holds no working capital and no evidence exists of liquidity to fund operations or service debt. Cash flow risk is very high.

4. Monitoring Points:

• Monitor for the first set of trading accounts to assess revenue generation and profitability.
• Review cash flow statements when available to evaluate operating liquidity.
• Track any changes in director or ownership that may impact management quality or strategic direction.
• Watch for filings indicating operational commencement and capital injections.