Company Number: 15022119

Analysis Date: 2025-07-29 13:41 UTC

1. Credit Opinion: DECLINE
   Cleanshet Ltd is a newly incorporated private limited company (since July 2023) that filed dormant accounts for the year ending July 2024. The dormant status indicates no trading activity or revenue generation to date. The company has minimal net assets (£100) and cash (£100), reflecting only initial share capital with no operational financial history. Without trading performance or cash flow data, the company lacks demonstrated ability to service debt or meet credit obligations. Additionally, the recent change in directorship and sole controlling shareholder abroad add uncertainty regarding management continuity and oversight. Given these factors, extending credit at this stage presents a high risk.

2. Financial Strength:
   The balance sheet shows a net asset position of £100, entirely composed of share capital. There are no fixed or current assets beyond this minimal cash balance. The company has no liabilities recorded, consistent with dormant status. As no operating results or reserves exist, the financial strength is negligible. There is no evidence of capital investment beyond the initial share issuance.

3. Cash Flow Assessment:
   Cash on hand is £100, indicating no working capital available to fund operations or debt servicing. Since the company is dormant, it has no revenue or cash inflows. The absence of current or ongoing trading activity means the company has no internal liquidity to support business needs or credit commitments.

4. Monitoring Points:

• Monitor for future trading accounts to assess revenue generation and profitability.
• Watch for changes in net current assets and cash flow indicating operational activity.
• Review director appointments and shareholder control for stability and governance.
• Check filing compliance and any overdue returns or accounts that may signal management issues.