CITY DOCS LIMITED
Company number 04129257 · 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: CITY DOCS LIMITED (04129257)
1. Credit Opinion: DECLINE
Reasoning: This entity is not a viable credit proposition. The company has been classified as dormant since at least 2017, holds only £25 in share capital with no trading activity, zero employees, and is currently subject to a proposal to strike off the Companies House register. There is no operational business to service debt obligations, and the company is in the process of formal dissolution. Extending any credit facility would carry an unacceptable risk of non-repayment.
2. Financial Strength
Assessment: Negligible / Critical
The balance sheet is essentially non-existent:
| Metric | FY2024 | FY2023 | FY2015 (last active year) |
|---|---|---|---|
| Shareholders' Funds | £25 | £25 | £2,020,748 |
| Total Assets | £25 | £25 | £2,725,744 |
| Net Assets | £25 | £25 | £2,020,748 |
- The dramatic collapse from £2M+ net assets in FY2015 to £25 in FY2016 indicates a complete asset stripping or business transfer, likely as part of a group restructuring under parent Apogee Corporation Limited (ultimately owned by HP Inc).
- Since FY2017, the company has filed dormant accounts with only the £25 share capital remaining.
- No tangible assets, no cash reserves, no revenue-generating operations.
- The sole asset is a £25 intercompany debtor, offering zero recovery value.
Conclusion: The entity has no financial substance and is a dormant shell within the HP Inc group structure.
3. Cash Flow Assessment
Assessment: Non-existent
- No trading activity: The accounts explicitly state the company is "no longer trading but traded in the past" (bus:EntityNoLongerTradingButTradedInPast).
- Zero employees: Average staff numbers are nil for both current and prior year.
- No revenue streams: Dormant status confirms no income generation.
- Working capital: Irrelevant – there are no current liabilities and no meaningful current assets (£25 debtor only).
- Liquidity: The company has no cash holdings and no capacity to generate cash flow from operations.
Conclusion: There is no capacity whatsoever to service debt or honor commercial obligations.
4. Monitoring Points
Should any existing exposures exist within the group or with counterparties, the following require immediate attention:
| Risk Factor | Detail | Priority |
|---|---|---|
| Strike-off status | Active proposal to strike off – company will be dissolved from the register | CRITICAL |
| Dormant status | No trading activity since ~2016; dormant accounts filed consistently | CRITICAL |
| Director resignation | Ms S L Jackson resigned as director (noted September 2026 – verify date accuracy) | HIGH |
| Group structure changes | Ultimate parent HP Inc via Manzana Bidco Limited / Apogee Group Limited – may indicate post-acquisition rationalisation | MEDIUM |
| Website misrepresentation | citydocs.co.uk describes active trading business ("Europe's Largest Multi-Brand Provider") which is materially misleading given dormant status | HIGH |
| PSC discrepancies | Duplicate PSC entries for Apogee Corporation Limited and conflicting ownership ranges with Mr Peter Lawson – requires clarification | MEDIUM |