COMTEC RACING SERVICES LIMITED

Executive Summary

COMTEC RACING SERVICES LIMITED is a dormant private limited company with no trading history, zero net assets, and negative working capital. The company lacks financial strength and liquidity to support any credit facility. Credit approval is not recommended at this stage without evidence of trading or capital support.

COMTEC RACING SERVICES LIMITED - Analysis Report

Company Number: 13822521

Analysis Date: 2025-07-29 20:17 UTC

1. Credit Opinion: DECLINE
   COMTEC RACING SERVICES LIMITED has been dormant since incorporation and has not generated any revenue or incurred expenses. The company shows zero net assets and negative net current assets (£-100) consistently over its financial years. This indicates no operating history or financial strength to support credit. Without trading activity or assets, there is no evidence of capacity to service debt or meet financial obligations. The sole director and 100% shareholder does not provide further financial robustness or guarantees.

2. Financial Strength:
   The balance sheet is minimal and static, reflecting dormancy status. The only recorded liability is £100 of current creditors balanced by £100 called up share capital not paid. Net assets and shareholders’ funds stand at zero. There are no fixed or current assets, no retained earnings, and no equity build-up. The company has effectively no financial buffer or capital resources.

3. Cash Flow Assessment:
   No trading means no operating cash flow, no income, and no expenses. The company does not hold cash or other current assets. Working capital is negative due to current liabilities exceeding current assets by £100. Liquidity is non-existent, and the company cannot generate internally or externally sourced cash from its business activities.

4. Monitoring Points:

• Trading commencement: Any future filing showing operational activity, income, and expenses.
• Asset acquisition or capital injection that would strengthen liquidity or net assets.
• Director changes or introduction of financial guarantees from shareholders.
• Timely filing of accounts and confirmation statements to avoid compliance risks.
• Watch for any overdue filings or director conduct issues that may affect creditworthiness.