Credit Analysis: AUTODOTBIOGRAPHY LIMITED

1. Credit Opinion: DECLINE

Reasoning: This application must be declined on multiple fundamental grounds. The company is insolvent on a balance sheet basis with net liabilities of £172,943 against total assets of just £844. Furthermore, the company's status as "Active - Proposal to Strike off" indicates that compulsory or voluntary dissolution is already underway, meaning the entity will likely cease to exist in the near term. Extending credit to a company in the process of being struck off the register would represent an unacceptable risk of non-repayment.

2. Financial Strength: Critically Weak

The balance sheet reveals deep, persistent insolvency:

Key concerns:

• Negative net assets have worsened every year for a decade, growing from approximately (£103,000) in 2017 to (£173,000) in 2026 – an increase of roughly £70,000 in accumulated losses
• Asset base has collapsed from £9,058 (2020) to just £844 (2026), representing a 91% decline
• Shareholders' funds are deeply negative, indicating complete erosion of capital and ongoing trading losses
• Share capital stands at only £122, offering negligible capital cushion
• The company has been technically insolvent throughout its entire recent history, surviving only through creditor forbearance (likely director-related lending)

The liabilities are almost certainly dominated by director loans or related-party creditors, given the company's minimal trading scale, but this cannot be confirmed from micro-entity filings.

3. Cash Flow Assessment: Non-Viable

Liquidity Position: - Current assets: £844 - Current liabilities: £173,787 - Current ratio: 0.005:1

The company has virtually no liquidity. Current assets of £844 against current liabilities of £173,787 means the company can cover approximately 0.5% of its obligations due within one year.

Working capital: Negative to the extent of £172,943. The company has no working capital to fund operations.

Cash generation: The consistent erosion of net assets year-over-year (approximately £3,000-£10,000 per annum in additional losses) confirms the business is not generating sufficient revenue to cover its costs. With only 1 employee and total assets of £844, the business appears to have minimal, if any, trading activity.

Debt service capacity: Non-existent. The company has no capacity to service any new debt obligations.

4. Monitoring Points: N/A – Application Declined

However, for information purposes, the following would be critical watchpoints if any exposure already existed:

• Strike-off proceedings: Monitor Companies House daily for completion of dissolution or suspension of strike-off
• Creditor actions: Any creditor petitioning for winding up would escalate matters
• Director conduct: Whether directors are trading whilst insolvent – potential wrongful trading risk under Insolvency Act 1986 s.214
• Related-party debt: Understanding composition of the £173,787 liability – likely director-funded, which could be subordinated or called in

Additional Risk Factors