BUILDER NEAR ME LTD

Executive Summary

Builder Near Me Ltd is a dormant startup with no trading history, minimal equity, and negligible cash resources, rendering it unable to support credit facilities at this time. The company’s credit risk is high due to lack of financial substance and operational activity. Future credit consideration should await evidence of trading performance and improved financial strength.

BUILDER NEAR ME LTD - Analysis Report

Company Number: 14892838

Analysis Date: 2025-07-29 16:58 UTC

1. Credit Opinion: DECLINE
   Builder Near Me Ltd is a newly incorporated private limited company (May 2023) and has filed dormant accounts indicating no trading activity or financial transactions during its first financial year. The company shows minimal equity (£1 net assets and shareholders funds) and virtually no cash (£1), which reflects no operating capacity or financial resources to service debt or credit facilities. Additionally, the company recently underwent a name change and director transition, which adds uncertainty to its operational stability. Without trading history, revenues, or financial performance data, the credit risk is high, and the company cannot currently demonstrate the ability to meet credit obligations.

2. Financial Strength:
   The balance sheet is minimal and reflects a dormant status with net assets and shareholders funds of only £1. There are no fixed or current assets beyond cash of £1, and no liabilities disclosed. This lack of financial substance means the company has no buffer or capital base to absorb losses or support business operations. The absence of trading also indicates no revenue generation or profit reserves, thus no internal financial strength.

3. Cash Flow Assessment:
   Cash resources are negligible (£1) and insufficient to cover any operational expenses or debt service. There is no information on working capital or cash flow from operations since the company is dormant. Consequently, liquidity is non-existent, and the company lacks the capacity to handle short-term obligations without additional funding or capital injection.

4. Monitoring Points:

• Monitor for first active trading accounts filing to assess revenue, profit margins, and cash flow trends.
• Track any changes in ownership structure or director appointments that could impact management quality.
• Watch for filings of overdue accounts or confirmation statements indicating compliance issues.
• Review any subsequent capital raises or external financing that may improve financial strength.
• Evaluate industry activity and market conditions once trading commences to assess business viability and resilience.