APAP LOGISTICS LIMITED

Executive Summary

APAP Logistics Limited is a dormant start-up with minimal financial history and nominal capital. Credit approval is only recommended on a conditional basis pending evidence of trading operations and cash flow generation. Close monitoring of future financial filings and operational performance will be essential to reassess creditworthiness.

APAP LOGISTICS LIMITED - Analysis Report

Company Number: 14615268

Analysis Date: 2025-07-29 16:27 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   APAP Logistics Limited is a newly incorporated entity (Jan 2023) classified as dormant in its first financial period, with minimal financial activity and no trading history. This limits the ability to assess operational cash flows, profitability, or debt servicing capacity. Given the lack of trading data, credit approval should be conditional on future submission of trading accounts demonstrating sustainable revenue generation and positive cash flows. The directors are UK-based and appear stable; no adverse director conduct is noted.

2. Financial Strength:
   The balance sheet shows total assets and shareholders’ funds of £100, representing nominal share capital with no liabilities. The company holds no fixed or current assets beyond a nominal debtor balance of £100. As a dormant company, there are no financial reserves or retained earnings, indicating no financial buffer or capital base for operational risk. The company is effectively at start-up stage with no established financial strength.

3. Cash Flow Assessment:
   No cash flow or profit and loss information is available due to dormant status. Working capital is nominal and insufficient to support operations or debt repayment. Liquidity cannot be evaluated but is expected to be limited given the lack of trading. Future credit consideration should require evidence of positive cash generation or external funding arrangements.

4. Monitoring Points:

• Submission and review of first trading accounts and cash flow statements.
• Confirmation of revenue generation and gross margins in line with transportation support activities (SIC 52290).
• Monitoring director compliance with filing deadlines and operational status updates.
• Watch for changes in share capital or external financing arrangements.
• Ongoing assessment of debtor quality and liquidity metrics once active trading commences.