Company Number: 15216454

Analysis Date: 2025-07-20 17:17 UTC

1. Credit Opinion: DECLINE. F!T ACTIVE LIMITED is a very recently incorporated private limited company (incorporated October 2023) classified as dormant with minimal financial activity. The company has nominal net assets (£10) and cash (£10) as of the latest accounting reference date (31 October 2024). There is no trading history or financial performance to assess repayment capability. The company is effectively a shell with a single director and sole shareholder controlling 75-100% of shares. Without operational trading, revenues, or meaningful assets, the company lacks any demonstrated ability to service debt or commercial credit obligations.

2. Financial Strength: The balance sheet shows only £10 in cash and net assets of £10, indicating no fixed or current assets beyond a trivial amount. Shareholders’ funds mirror net assets at £10, consistent with the company’s dormant status. There are no liabilities reported, but the balance sheet size is negligible, providing no collateral or financial buffer. The financial position is extremely weak and does not support any lending exposure.

3. Cash Flow Assessment: With only £10 in cash and no trading activity, there is no evidence of operating cash flows or working capital. The company has not generated revenues or profits and lacks liquidity to meet any payable obligations beyond the trivial amount held. This raises significant risk for any credit facility as there is no internal cash generation or external asset base to draw upon.

4. Monitoring Points:

• Monitor for transition from dormant to active trading status, including filing of subsequent accounts and confirmation statements.
• Review future financial statements for revenue generation, profitability, and cash flow improvements.
• Observe any changes in ownership structure or director appointments that could signal operational changes.
• Watch for overdue filings or compliance issues that would increase risk.