BRAVOMAX SERVICES LIMITED
Company number 06500076 · 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: BRAVOMAX SERVICES LIMITED
1. CREDIT OPINION: DECLINE
Reasoning: The company is dissolved. A dissolved entity has no legal capacity to enter into credit arrangements, borrow funds, or honor commercial obligations. This is an absolute bar to lending. Regardless of financial performance, no facility can be extended to a non-existent legal entity.
Even setting aside dissolution, the financial trajectory raises material concerns—total assets have declined by 90% from their 2021 peak (£334,162 to £34,131), with cash falling from £328,431 to £14,302 over the same period.
2. FINANCIAL STRENGTH
Assessment: Weak and deteriorating
| Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Total Assets | £34,131 | £59,005 | £220,349 | £334,162 |
| Total Liabilities | £4,412 | £35,719 | £201,840 | £321,506 |
| Net Assets | £29,719 | £23,286 | £18,509 | £12,656 |
| Share Capital | £1 | £1 | £1 | £1 |
Key concerns: - Minimal capital base: Share capital of just £1 provides virtually no cushion for creditors - Asset liquidation trajectory: The 90% decline in total assets from 2021-2024 suggests systematic drawdown rather than trading losses - Liability reduction: Creditors fell from £35,719 to £4,412, with "other creditors" dropping from £34,598 to £2,525—this may represent related-party balances being settled ahead of dissolution - PSC anomaly: Both declared PSCs own >75% of shares—this is mathematically impossible and raises questions about the accuracy of statutory filings
3. CASH FLOW ASSESSMENT
Assessment: Severely constrained
| Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
| Cash | £14,302 | £53,107 | £213,123 | £328,431 |
| Trade Debtors | £19,829 | £5,898 | N/A | N/A |
| Net Current Assets | £29,719 | £23,286 | £18,509 | £12,656 |
Key observations: - Cash depletion: Cash has fallen 96% from the 2021 peak—a sustained pattern of cash extraction - Debtor spike: Trade debtors increased 236% year-on-year (£5,898 to £19,829) while cash declined—potential indicator of collection difficulties or revenue recognition without cash realization - Working capital: Technically positive at £29,719, but this figure is meaningless given the dissolved status - No revenue data: The company has not filed a Profit & Loss account (permitted under small company regime), making it impossible to assess trading viability or profit margins
4. MONITORING POINTS
Given the dissolution, these points are academic but noted for completeness:
- Dissolution status: Verify whether assets have already vested as bona vacantia (Crown property)
- Director conduct: Both directors remain listed as "Current" despite dissolution—check for disqualification orders or involvement in other entities
- Related-party transactions: The large "other creditors" balance that was cleared in 2024 warrants examination
- Debtor recoverability: The £19,829 trade debtor balance may be written off post-dissolution
Summary Red Flags: 1. ❌ Company is dissolved—no legal capacity to contract 2. ❌ 96% cash decline over three years 3. ❌ £1 share capital—no meaningful equity commitment 4. ❌ Inconsistent PSC declarations 5. ❌ No P&L visibility—unable to assess trading performance