BROADWAY (RAINHAM) RESIDENTS MANAGEMENT COMPANY LIMITED

Executive Summary

Broadway (Rainham) Residents Management Company Limited is a non-trading entity limited by guarantee with no assets, income, or financial activity. Its operations are limited to administering service charges through trust arrangements rather than generating independent revenue or incurring liabilities. Due to the absence of financial substance and cash flow, this company is not suitable for credit facilities and presents a high credit risk.

BROADWAY (RAINHAM) RESIDENTS MANAGEMENT COMPANY LIMITED - Analysis Report

Company Number: 12563398

Analysis Date: 2025-07-20 11:16 UTC

1. Credit Opinion: DECLINE. Broadway (Rainham) Residents Management Company Limited operates as a private company limited by guarantee with no share capital and no recorded financial activity or assets. The company’s financial statements show zero assets, liabilities, and equity over multiple years, reflecting no trading or economic activity in its own right. It serves primarily as a vehicle for managing service charges collected and administered through trust funds for leaseholders. Without independent revenue streams or financial substance, the company lacks payment capacity to service any debt or credit facility and presents an unacceptable credit risk.

2. Financial Strength: The company’s balance sheet consistently reports nil total assets less current liabilities and zero shareholders’ funds across all reported years. There are no fixed or current assets recorded, and no working capital. The absence of any net assets or equity means there is no financial buffer to absorb losses or support operations. The financial statements confirm that the company has no income or expenditure in its own right and transactions are conducted through trust accounts for service charges. This structure inherently limits the company’s ability to generate or deploy cash, resulting in negligible financial strength.

3. Cash Flow Assessment: There is no evidence of cash flow from operations, investing, or financing activities within the company’s own accounts. The company has no employees and no reported income or expenses. Funds related to service charge liabilities are held in separate trust accounts outside the company’s balance sheet. Consequently, the company cannot demonstrate any liquidity or working capital, nor does it control cash inflows or outflows independently. This lack of operational cash flow severely restricts the company’s capacity to meet any financial obligations.

4. Monitoring Points:

• Confirm any changes in company status or purpose that might introduce independent financial activity.
• Monitor compliance with service charge administration and timely transfer of funds in trust accounts.
• Review any future filings for emergence of assets, liabilities, or income streams that could affect credit risk.
• Watch for changes in director appointments or management that could affect governance and operational control.