DUNAMIS IT CONSULTING LTD
Executive Summary
Dunamis IT Consulting Ltd is currently dormant with minimal net assets and no trading activity, rendering it unsuitable for credit extension at this time. The company lacks financial strength and cash flow to service debt, and there is no evidence of operational business or management track record. Credit approval is declined pending demonstration of active trading and improved financial metrics.
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This analysis is opinion only and should not be interpreted as financial advice.
DUNAMIS IT CONSULTING LTD - Analysis Report
Credit Opinion: DECLINE. Dunamis IT Consulting Ltd has filed dormant accounts for the latest year ending 31 December 2023, indicating no trading activity or revenue generation. The company shows minimal net assets (£1) and no operational financial data to assess its ability to service debt or meet commercial obligations. Without trading history or positive cash flow, there is insufficient evidence of financial viability or management capacity to support credit.
Financial Strength: The balance sheet is effectively nominal with net assets at £1, reflecting only the issued share capital and no accumulated reserves or fixed assets. Prior year data (2022) showed some current assets and net assets of £5,988, but this was not sustained. The company classifies as dormant, signifying no active business or financial transactions, thus lacking financial strength or capital buffer.
Cash Flow Assessment: No cash or working capital data is reported for the current period; prior year cash was negligible (£25). The absence of trading means no operating cash inflows or outflows, and no evidence of liquidity to cover liabilities or fund operations. The minimal current liabilities previously reported were small, but without current assets or cash flow, liquidity risk is high.
Monitoring Points:
- Monitor for future filings indicating a shift from dormant status to active trading.
- Review subsequent accounts for revenue generation, profitability, and cash flow improvements.
- Track any changes in director or ownership that may indicate restructuring or new business initiatives.
- Watch for timely filing compliance and any credit or legal events that may arise.
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