Company Number: 14016226

Analysis Date: 2025-07-29 20:15 UTC

1. Credit Opinion: DECLINE
   Axe Consulting Ltd is a newly incorporated private limited company categorized as dormant, with no trading activity reported in its latest accounts. The financial statements show a very minimal asset base (£1,201 fixed assets) and current liabilities exceeding current assets by £586, resulting in a negative working capital position. Lack of turnover and operating history undermines the ability to assess repayment capacity or ongoing viability. Given the absence of trading, limited financial data, and negative net current assets, the company does not demonstrate sufficient creditworthiness to approve a credit facility at this time.

2. Financial Strength:
   The balance sheet reveals net assets of only £615, consisting primarily of fixed assets net of depreciation. Current liabilities (£3,044) exceed current assets (£2,458 cash only) leading to negative net current assets of £-586. The company's equity is minimal, with only £1 in share capital and retained earnings of £614. The financial position is very weak, with limited resources to absorb losses or fund operations. No turnover or profits are reported to strengthen equity or liquidity.

3. Cash Flow Assessment:
   Cash holdings are minimal at £2,458 and fully offset by current liabilities, indicating no excess liquidity or working capital buffer. The company’s dormant status means there is no operating cash flow, and the negative net current assets suggest ongoing cash flow stress if the company were to begin trading. There is no evidence of external funding or credit lines to support liquidity needs.

4. Monitoring Points:

• Filing of first trading accounts and demonstration of revenue generation to assess operating performance.
• Changes in working capital and liquidity as trading commences.
• Any material changes in shareholder funds or capital injections.
• Track director Marcus Axelson’s ability to generate sales or contracts given his software sales background.
• Monitor timely filing of accounts and confirmation statements to ensure compliance and transparency.