CONMOR CONTRACTS LTD

Executive Summary

Conmor Contracts Ltd is an early-stage, dormant company with no trading history and negligible financial resources, rendering it unable to support credit facilities. The current financial position is very weak with minimal assets and no cash flow. Credit approval is not advised until the company demonstrates operational activity and improves its financial strength.

CONMOR CONTRACTS LTD - Analysis Report

Company Number: NI687307

Analysis Date: 2025-07-20 17:00 UTC

1. Credit Opinion: DECLINE
   Conmor Contracts Ltd is a very recently incorporated company (April 2022) with dormant status accounts filed for the latest financial years. The financial statements show minimal activity with net assets and current assets of only £100, indicating no real trading or operational substance. The absence of turnover, employees, and substantive financial transactions suggests the company is not yet generating revenue or cash flow to service any credit facilities. Without trading history or financial performance data, the risk of lending is high. Moreover, the company’s business activity (building completion and finishing) typically requires working capital and asset investment which are not reflected here. Therefore, credit approval is not recommended at this stage.

2. Financial Strength:
   The balance sheet reflects a micro-entity with minimal net assets (£100) and no liabilities or fixed assets reported. The company’s financial position is very weak, essentially showing a non-trading shell with no tangible net worth or working capital buffer. The absence of turnover or profit reserves means there is no retained earnings to support future credit. This weak financial base underlines the high credit risk.

3. Cash Flow Assessment:
   Cash flow information is not available, but the current assets of £100 and net current assets of £100 imply negligible liquidity. Given the dormant status and no employees, working capital is minimal and insufficient to support operational or debt servicing needs. No evidence of cash inflows or outflows is apparent, confirming that liquidity is effectively non-existent.

4. Monitoring Points:

• Monitor future filed accounts for trading activity, revenue generation, and profit margins.
• Review any changes in asset base and working capital to assess operational progress.
• Watch for director and ownership changes or any significant new capital injections.
• Track filing compliance and timely submission of statutory documents.
• Assess creditworthiness once substantive trading data and financials become available.