DATA (NORTHERN) LIMITED
Company number 07159588 · 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 Assessment: DATA (NORTHERN) LIMITED
1. Credit Opinion: DECLINE
This facility must be declined without exception. The company is in formal liquidation and therefore legally unable to enter into new credit arrangements. Even setting aside the liquidation status, the financial position is deeply insolvent with no prospect of debt service capability. The sole director has been disqualified for 9 years from September 2020, indicating serious regulatory findings of misconduct. No lender should consider exposure to this entity.
2. Financial Strength
The balance sheet is critically impaired:
| Metric | FY2017 | FY2016 |
|---|---|---|
| Total Assets | £7,553 | £7,553 |
| Total Liabilities | £40,186 | £40,186 |
| Net Assets | (£32,633) | (£32,633) |
| Shareholders' Funds | (£32,633) | (£32,633) |
- Insolvency: The company is technically insolvent with negative net assets of £32,633 – liabilities exceed assets by over 5 times.
- Stagnation: Identical balance sheets across both years suggest the company had ceased meaningful trading operations by this point.
- Minimal asset base: Tangible fixed assets of just £1,501 (net) and debtors of £3,643 provide negligible recovery value for creditors.
- Capital erosion: Share capital of only £100 with accumulated losses of £32,733 demonstrates complete capital destruction.
3. Cash Flow Assessment
- Cash position: £2,409 – wholly inadequate against £40,186 in current liabilities
- Current ratio: 0.15x (current assets £6,052 vs current liabilities £40,186) – severely below the 1.0x threshold
- Working capital: Negative £34,134 – the company cannot meet its short-term obligations
- No revenue data: Abridged accounts filed under small company regime do not disclose turnover or profit/loss, but the static balance sheet suggests no operational cash generation
The company has zero liquidity headroom and no capacity to service any debt facility.
4. Monitoring Points
While credit is declined, the following are noted for record:
- Liquidation status: Company is in formal liquidation process – no further credit exposure possible
- Director disqualification: Ashley Dawn Thorley disqualified until September 2029 (9-year order) – any involvement with this individual in future business ventures represents significant counterparty risk
- Filing delinquency: Accounts overdue since December 2018; confirmation statement overdue since March 2019 – regulatory compliance has completely failed
- Creditor position: £40,186 in outstanding liabilities unlikely to be satisfied given minimal asset base
- Group/connected party risk: If this director has interests in other entities, those should be subject to enhanced due diligence