AXON LIMITED

Executive Summary

AXON LIMITED is a dormant entity with a severely weakened financial position characterized by increasing net liabilities and minimal assets. The company demonstrates no trading activity or cash generation capacity, resulting in poor liquidity and solvency metrics. Based on current financial data, the company is not creditworthy and unable to support new credit facilities.

AXON LIMITED - Analysis Report

Company Number: 13268886

Analysis Date: 2025-07-20 16:26 UTC

1. Credit Opinion: DECLINE
   AXON LIMITED is currently dormant with no trading activity reflected in its financials. The company has consistently reported net liabilities and negative shareholders' funds, worsening from -£190k in 2024 to -£290k in 2025. Current liabilities significantly exceed current assets, indicating a weak liquidity position and inability to meet short-term obligations. There is no evidence of revenue generation or operational activity to support debt servicing. The company’s financial trajectory shows ongoing deterioration, with no employees and minimal capital invested since incorporation. Given these factors, the company lacks financial resilience and capacity to support new credit facilities.

2. Financial Strength:
   The balance sheet reveals persistent negative net assets and shareholders' funds, driven by liabilities far exceeding minimal assets. The share capital is nominal (£10), and no fixed assets or other tangible resources are recorded. Current liabilities increased from £200k to £300k year-on-year, with only £10 in cash assets, yielding a net working capital deficit of £290k. This weak solvency position indicates reliance on creditor funding with no internal financial strength or buffer to absorb losses or economic shocks.

3. Cash Flow Assessment:
   Cash on hand remains at a nominal £10 with no operational cash inflows documented. The negative net current assets position demonstrates insufficient liquid resources to cover immediate liabilities. The company’s dormant status and absence of employees suggest no ongoing trading cash flows, implying dependency on external funding or director contributions for liquidity. This severely limits any capacity to support debt repayment or meet unexpected financial demands.

4. Monitoring Points:

• Company status: Watch for any change from dormant to active trading and filing of trading accounts.
• Current liabilities: Monitor for increases that could worsen liquidity risk.
• Directors’ actions: Review any capital injections or restructuring plans.
• Filing compliance: Ensure timely submission of accounts and confirmation statements to avoid regulatory penalties.
• Business model development: Assess for evidence of operational commencement or revenue generation.