FCLS RM 3 LIMITED

Executive Summary

FCLS RM 3 Limited is a dormant private limited company with minimal financial activity and negligible net assets. Its current financial structure and lack of independent cash flow render it unable to support credit facilities, leading to a firm recommendation against credit approval. Monitoring should focus on any material changes in trading status or capital structure that could enhance financial viability.

FCLS RM 3 LIMITED - Analysis Report

Company Number: 12757930

Analysis Date: 2025-07-20 15:19 UTC

1. Credit Opinion: DECLINE
   FCLS RM 3 Limited operates as a dormant company with minimal financial activity and negligible capital base (£1 share capital). The company's balance sheet shows extremely limited net assets (£1) and virtually no working capital. It has no employees and no apparent revenue-generating operations. The presence of intercompany balances (amounts owed to group undertakings) suggests reliance on related parties rather than independent cash flow generation. Given these factors, the company lacks sufficient financial strength and cash flow to service any debt or credit facility. Hence, it is unsuitable for credit extension.

2. Financial Strength:
   The company’s financial position is very weak. Total net assets stand at £1 with current assets of £6,781 almost entirely consisting of work in progress and debtors of £1. Current liabilities equal £6,780 owed to group undertakings, resulting in negligible net current assets (£1). There are no fixed assets or retained earnings. This balance sheet indicates no buffer to absorb financial shocks or fund operations independently. The company’s financial profile is typical of a dormant or shell entity with no substantive business activity or equity.

3. Cash Flow Assessment:
   Cash flow appears minimal or non-existent. The company has no employees and no reported revenue or profit and loss account filed, consistent with dormant status. Current assets are primarily work in progress, which may not be liquid in the short term. The offsetting current liabilities owed to related parties suggest the company relies on intergroup funding rather than generating its own cash flows. There is no evidence of liquidity or working capital adequacy to meet external creditor demands or loan repayments.

4. Monitoring Points:

• Changes in business activity or filing of profit and loss accounts indicating commencement of trading.
• Any increase in share capital or independent external funding to improve financial strength.
• Reduction or restructuring of intercompany balances that currently dominate liabilities.
• Director appointments and changes that may influence operational capacity or financial stewardship.
• Timely filing of accounts and confirmation statements to maintain regulatory compliance.