Company Number: 12532456

Analysis Date: 2025-07-29 14:54 UTC

1. Credit Opinion: DECLINE
   AIB Secure Ltd shows very limited financial activity and scale. Despite a slight increase in current assets to £3,239 and net current assets of £2,624 as of March 2024, the overall financial size is minimal. The company classifies under a micro-entity and is dormant by SIC code, suggesting no active trading or revenue generation. Lack of turnover data and no employees indicate the company has minimal operational substance. The single director holds full control, which concentrates risk. Given the lack of trading history, small asset base, and dormant status, the company’s ability to service debt or sustain commercial obligations is highly uncertain. This results in an inability to recommend approval for credit facilities.

2. Financial Strength:
   Balance sheet strength is very weak in absolute terms despite showing positive net assets. The net assets of £2,624 reflect minimal capital and working capital buffer. There are no fixed assets or long-term investments. Shareholders funds mirror net assets, indicating no external financing. Current liabilities are low at £615, but the overall scale is too small to provide meaningful financial resilience or collateral value. The company’s micro size and dormant classification limit its financial robustness.

3. Cash Flow Assessment:
   Cash flow appears minimal. Current assets primarily consist of cash or equivalents totaling £3,239, which is a slight improvement from prior years when current assets were nominal (£1). No employees and no reported turnover suggest no operating cash inflows. The very limited current liabilities indicate low cash outflows but also imply minimal business activity. Working capital is positive but trivial in scale, providing little liquidity cushion for debt servicing under any stress scenario.

4. Monitoring Points:

• Monitor for commencement of active trading and revenue generation to assess future creditworthiness.
• Watch for any substantial changes in assets, liabilities, or equity reflecting external funding or business growth.
• Review director changes or PSC structure for governance risks.
• Observe filing compliance and any changes in company status away from dormant classification.