AROUND LW LIMITED

Credit Opinion: DECLINE The credit application must be declined in its current state. AROUND LW LIMITED is officially classified as a dormant entity, with filed accounts explicitly stating the company is no longer trading, although it traded in the past. A dormant company generates no revenue and has no operational capacity to service debt. Unless the applicant can provide a robust business plan demonstrating a formal reactivation of the company, supported by injected capital and confirmed trading contracts, there is no basis for extending credit facilities.

Financial Strength The balance sheet is essentially bare. For the past seven consecutive years (2018-2025), the company has reported exactly £100 in net assets, £100 in cash, and £100 in shareholders' funds. This £100 represents the issued share capital and serves merely as the statutory minimum to keep the company registered. There are no retained earnings, no tangible fixed assets, and no trading liabilities. The company possesses zero balance sheet capacity to absorb any financial shock or leverage against borrowed funds.

Cash Flow Assessment Liquidity and working capital are non-existent from a commercial lending perspective. The £100 cash balance is insufficient to cover even minor administrative costs, let alone service debt obligations such as interest or principal repayments. Because the company is dormant, there is no operational cash generation, no debtor book, and no trade creditors. Debt Service Coverage Ratio (DSCR) cannot be calculated as there is no EBITDA or cash flow available to service debt.

Monitoring Points Should the applicant return with a proposal to reactivate the business, the following metrics must be strictly monitored: * Change of Status: Formal confirmation that the accounts category has shifted from "Dormant" to "Small" or "Micro", accompanied by a meaningful P&L statement. * Capital Injection: Verification of new equity being introduced into the business to fund initial operations, rather than relying entirely on bank debt. * Revenue Proof: Signed contracts or invoices demonstrating that the management consultancy, advertising, or travel agency activities (as per SIC codes) have resumed and are generating cash flow. * Director's Financial Position: Assessment of the sole director and PSC, Rosa Maria Cuerda Riutort's, personal financial standing, as any reliance on repayment would currently depend entirely on personal guarantees rather than corporate cash flow.