ASA DRIVING ACADEMY LTD

Executive Summary

ASA DRIVING ACADEMY LTD is a newly formed dormant company with minimal financial activity and no trading history. Given the lack of financial data and operating cash flows, the company is not currently suitable for credit facilities. Future creditworthiness should be reassessed once trading commences and financial statements reflecting operating performance are available.

ASA DRIVING ACADEMY LTD - Analysis Report

Company Number: 14850660

Analysis Date: 2025-07-29 20:31 UTC

1. Credit Opinion: DECLINE
   ASA DRIVING ACADEMY LTD is a newly incorporated private limited company established in May 2023 and has filed dormant accounts for the first financial year ending May 2024. The company is dormant, showing minimal activity with only £100 in cash and net assets. There is no trading history, revenue, or profitability data to assess its ability to service debt or meet credit obligations. Given the lack of financial performance, no operating cash flow, and no proven business track record, the company is not currently creditworthy for any lending or commercial credit facilities.

2. Financial Strength:
   The balance sheet is extremely limited, showing only £100 in cash and shareholder funds, with no liabilities or other assets reported. This reflects a company that has not commenced trading or incurred significant expenses. The net asset position is positive but nominal and does not indicate financial strength or reserves to absorb losses or support operations.

3. Cash Flow Assessment:
   Cash resources stand at £100, which is insufficient to cover any meaningful operating expenses or debt service. There is no reported revenue or working capital cycle to evaluate liquidity or cash flow generation. The company’s dormant status means no cash flow activity has occurred during the period.

4. Monitoring Points:

• Monitor future filings to confirm commencement of trading and revenue generation.
• Review subsequent financial statements for profitability, cash flow improvement, and working capital management.
• Watch for changes in director or shareholder control that might signal strategic shifts or capital injections.
• Assess any credit applications only after at least one full year of trading accounts are available.