AXIOM GROUP LIMITED
Company number 01431196 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Analysis: AXIOM GROUP LIMITED (01431196)
1. Credit Opinion: DECLINE
Recommendation: DECLINE — No credit facilities should be extended.
The company is currently in Liquidation, which represents an absolute bar to new lending. A company undergoing formal closure cannot service new debt obligations, and any existing creditors will be paid according to statutory priority rules under insolvency law. The overdue accounts and confirmation statements further indicate administrative failure consistent with insolvency.
There is no scenario under which new credit facilities are appropriate for a company in liquidation.
2. Financial Strength
Assessment: Unavailable / Irrelevant due to insolvency
| Metric | Status |
|---|---|
| Latest Accounts | 30 November 2022 — OVERDUE |
| Confirmation Statement | OVERDUE |
| Share Capital | £585,000 |
| Net Assets | Unknown — accounts not filed on time |
The failure to file accounts and confirmation statements suggests the company has ceased normal operations. The £585,000 share capital indicates historical capitalisation, but in liquidation, shareholder equity is typically subordinated to all creditor claims.
The company traded for approximately 44 years (incorporated 1979) under various names (formerly A1 Flooring Limited, Duoglen Limited) in the floor and wall covering sector. This long history makes the liquidation more notable — it suggests a significant failure rather than a short-lived venture.
3. Cash Flow Assessment
Assessment: Not applicable — company is being wound up.
In liquidation, cash flows are controlled by the appointed liquidator, not management. Any remaining assets will be realised and distributed to creditors in the statutory order: 1. Fixed-charge holders 2. Preferential creditors (employees, HMRC) 3. Floating-charge holders 4. Unsecured creditors 5. Shareholders
No assessment of ongoing cash generation is possible or relevant.
4. Monitoring Points
For existing exposures only (if any):
- Liquidation progress: Monitor for appointment of liquidator, statement of affairs, and dividend prospects for unsecured creditors
- Connected parties: PSC Nicholas David Edwards (>75% shareholding) and current directors (Beddard, Mulchinock, Leonard, Edwards) — assess for potential director disqualification proceedings or connected-party transactions
- Recovery prospects: Floor and wall covering sector assets (stock, equipment) may have limited realisable value
- Group exposure: Check whether directors have other active entities that could represent contingent exposure or preference risks