Company Number: 14368732

Analysis Date: 2025-07-29 16:57 UTC

1. Credit Opinion: DECLINE
   DELARC LIMITED is a dormant private limited company with minimal financial activity since incorporation in September 2022. The latest accounts confirm the company is dormant, holding only £1 in cash and net assets of £1, with no trading history or income generation. There is no evidence of operational cash flow or financial strength to support debt servicing or commercial obligations. Given the lack of financial substance and trading activity, extending credit or lending facilities carries significant risk without further business development or trading evidence.

2. Financial Strength:
   The balance sheet as of 30 September 2023 shows nominal assets and shareholders' funds of £1, representing the issued share capital only. No fixed or current assets beyond £1 cash are recorded. There are no liabilities, indicating no recorded debts, but also no operating capital or working assets. The dormant status means the company has not conducted business activities or generated revenues to build financial strength.

3. Cash Flow Assessment:
   Cash on hand is effectively negligible at £1, with no reported income or expenses. The company has no working capital and no trading history to assess liquidity or operational cash flow capacity. Without active trading or receivables, there is no cash generation to cover any loan repayment or commercial commitments.

4. Monitoring Points:

• Monitor for next trading accounts filing to confirm if the company moves out of dormant status and starts generating revenue and operating cash flow.
• Track any changes in director appointments or significant financial transactions indicating business activity.
• Review credit exposures only if the company demonstrates consistent trading income and positive cash flow in future filings.
• Watch for any late filings or compliance issues that may signal operational difficulties.