ENIGMA SPORT LTD

Executive Summary

ENIGMA SPORT LTD is a newly formed dormant company with minimal financial activity and a nominal equity base, offering no evidence of trading or cash flow generation. Given the lack of operational history and financial depth, credit facilities are not recommended at this time. Future credit consideration should await demonstration of active trading and improved financial metrics.

ENIGMA SPORT LTD - Analysis Report

Company Number: 15207545

Analysis Date: 2025-07-29 20:59 UTC

1. Credit Opinion: DECLINE
   ENIGMA SPORT LTD is a newly incorporated company (October 2023) classified as dormant with minimal financial activity. It has only £100 in cash and net assets, with no trading history or revenue reported. The absence of operating results and limited equity base presents very high uncertainty regarding its ability to service any credit facility or financial obligations. Without financial performance or trading record, it is not viable to approve credit at this stage.

2. Financial Strength:
   The balance sheet shows the company holds £100 cash and net assets of £100, consisting solely of issued share capital. There are no fixed or current assets beyond cash, and no liabilities. Being dormant, the company has not generated income or profits, so no retained earnings or reserves exist. Financially, the company is at the initial capitalization stage with negligible net worth and no trading history.

3. Cash Flow Assessment:
   Cash on hand is £100, indicating minimal liquidity. As a dormant entity, there is no cash flow from operations or working capital cycle. The company’s ability to generate funds internally or externally is untested. This limited cash position is insufficient to cover any operating expenses or debt service without further capital injection.

4. Monitoring Points:

• Monitor the company’s transition from dormant to active trading status, including revenue generation and profitability trends.
• Track cash reserves and working capital development to assess liquidity improvements.
• Review annual accounts for any material changes in asset base, liabilities, or equity structure.
• Observe management’s strategy and operational execution in the sports and recreation education sector to gauge business viability.