BJS PPG LTD

Executive Summary

BJS PPG LTD is a dormant and newly formed entity with minimal financial substance and no trading history, presenting a high credit risk. Current financials show negligible cash and assets, providing no basis for credit extension. Close monitoring of the company’s first trading accounts and cash flow generation will be essential before reconsidering credit facilities.

BJS PPG LTD - Analysis Report

Company Number: 15075965

Analysis Date: 2025-07-20 14:59 UTC

1. Credit Opinion: DECLINE
   BJS PPG LTD is a newly incorporated company (2023) classified as dormant with minimal financial activity. The latest accounts show only £3 in cash and net assets, indicating no operational revenue or trading history. There is no evidence of financial performance or cash flow generation to service debt. The company’s business activity is in performing arts, a sector often subject to high volatility and uncertain cash flows, further increasing credit risk. Without trading history or meaningful financial strength, extending credit would be speculative and not supported by current data.

2. Financial Strength:
   The balance sheet is negligible with only £3 in shareholder funds and cash, reflecting initial share capital and no operating assets or liabilities. No fixed or current assets are reported, and there is no indication of working capital or financial reserves. As a dormant company, it has no financial track record to demonstrate stability or growth potential. The absence of liabilities is typical but does not indicate financial robustness.

3. Cash Flow Assessment:
   With only £3 cash reported and zero trading activity, there is no cash flow from operations or working capital cycle. The company is not generating receipts or managing payables/receivables. Liquidity is effectively nonexistent, and the company’s ability to meet financial obligations, including interest or principal repayments, is unproven.

4. Monitoring Points:

• Filing of first trading accounts to assess revenue, profitability, and cash flow generation.
• Changes in net assets and cash balances indicating operational commencement or capital injections.
• Director and PSC changes that might affect governance or control.
• Evidence of secured or unsecured borrowings and repayment capacity.
• Industry developments in performing arts that may impact business viability.