BAODING XINHENGYUE PIPE FITTINGS CO., LTD

Executive Summary

BAODING XINHENGYUE PIPE FITTINGS CO., LTD is an active but dormant company with no trading history or financial activity, reflecting minimal financial strength and no current cash flow. Due to lack of operational data, the company is not creditworthy at this time and should be monitored for trading commencement and financial development before reconsidering credit exposure.

BAODING XINHENGYUE PIPE FITTINGS CO., LTD - Analysis Report

Company Number: 15652194

Analysis Date: 2025-07-29 12:26 UTC

1. Credit Opinion: DECLINE
   BAODING XINHENGYUE PIPE FITTINGS CO., LTD is a newly incorporated private limited company (April 2024) with dormant status and no trading activity to date. The company filed dormant accounts for the year ending April 2025, showing minimal net assets (£1,000) and no operating history or income. This lack of financial activity means there is no evidence of revenue generation or cash flow to support debt servicing or repayment capability. The absence of trading history and financial data precludes any meaningful assessment of business resilience or management quality from a credit perspective. Therefore, approval for credit facilities is not recommended at this stage.

2. Financial Strength:
   The balance sheet reveals nominal net assets of £1,000, all represented by called-up share capital. There are no fixed or current assets, no liabilities, and no shareholders’ funds beyond the initial capital injection. This extremely limited financial base reflects the company’s dormant status and lack of operational substance. Without assets or retained earnings, the company’s financial strength is negligible.

3. Cash Flow Assessment:
   No cash flow data or working capital exists as the company has not commenced trading. Current assets and liabilities are absent, indicating zero operational liquidity. The company’s ability to generate cash inflows to meet any financial obligations is unproven and presently non-existent.

4. Monitoring Points:

• Confirmation of commencement of trading and filing of subsequent full accounts showing revenue and expenses.
• Trends in turnover, profitability, and cash flow once trading begins.
• Changes in net assets and working capital indicating operational viability.
• Any director or shareholder changes, especially given the single director and 75-100% ownership by a non-UK resident.
• Timeliness of future filings and maintenance of corporate compliance.