CAREDATA LTD

Executive Summary

Caredata Ltd is a start-up entity currently dormant with minimal financial activity and negligible asset base. There is no demonstrated ability to service debt or sustain operations at this stage. Credit facilities should be declined until the company establishes trading history with positive cash flow and improved financial strength.

CAREDATA LTD - Analysis Report

Company Number: 14825916

Analysis Date: 2025-07-29 18:29 UTC

1. Credit Opinion: DECLINE Caredata Ltd is a newly incorporated company (April 2023) with dormant status for its first financial year ending April 2024. The accounts show negligible financial activity with current assets and net assets of only £2. There is no revenue, profit, or operating cash flow reported, and the company is classified as micro-entity with exemption from audit. The absence of trading history and financial substance means there is no evidence of capability to service debt or commercial obligations at this stage. Credit approval would be premature without operational track record and financial performance.

2. Financial Strength: The balance sheet reflects a minimal asset base, comprising only £2 in current assets, no fixed assets, and no liabilities reported. Shareholders' funds equal £2, indicating the company equity is nominal and essentially represents initial share capital or minimal cash injection. The micro-entity accounting standard applied means limited disclosures, but the lack of tangible or working capital resources shows weak financial strength and no buffer to absorb financial stress.

3. Cash Flow Assessment: Cash flow position is effectively nil as the company shows only £2 in current assets with no reported income or expenses. Working capital is positive but trivial (£2), and there is no evidence of cash generation or operating liquidity. Given the dormant classification, it is likely the company has not commenced trading and thus has no cash flow to support debt servicing or business operations currently.

4. Monitoring Points:

• Confirmation of commencement of trading and submission of subsequent filed accounts showing revenue, profit, and cash flow generation.
• Changes in asset base, particularly accumulation of working capital or fixed assets.
• Management of payables and receivables to assess operational cash flow.
• Directors’ plans and capital injections to support growth and liquidity.
• Timely filing of returns and accounts to ensure compliance and transparency.