Company Number: 13103014

Analysis Date: 2025-07-20 11:55 UTC

1. Credit Opinion: DECLINE
   Citrine Helix Limited is a dormant company with no trading activity and negligible financial substance. It holds only £1 in cash and net assets, reflecting no operating business or revenue generation. There is no evidence of financial activity or income to support servicing any credit facility or commercial credit obligations. Extending credit would carry high risk due to lack of financial data, absence of cash flow, and no business operations.

2. Financial Strength:
   The balance sheet shows minimal financial strength, with net assets and shareholders' funds of £1, consisting solely of the nominal share capital. No fixed assets, receivables, or other resources are reported. The company is classified as dormant, indicating no trading or financial transactions. This lack of assets and equity means there is no buffer to absorb liabilities or financial shocks.

3. Cash Flow Assessment:
   Cash on hand is consistently £1 across the last four years, confirming no cash generation or liquidity. There are no working capital components such as debtors or stock, and no current liabilities are reported. Cash flow is effectively non-existent, which precludes any ability to meet payment obligations or service debt.

4. Monitoring Points:

• Confirm if the company status changes from dormant to active trading, which would require reassessment of financials and creditworthiness.
• Monitor filing of annual accounts and confirmation statements to ensure compliance and update on any material financial changes.
• Watch for any changes in director or PSC details that may signal restructuring or changes in control.
• Assess any future financial statements showing operational activity or profitability.