FLAT SURFACE LTD

Executive Summary

Flat Surface Ltd is a newly incorporated dormant company with negligible financial resources and no trading history. The lack of operational activity and minimal net assets present an unacceptably high credit risk at this time. Credit approval is not recommended until the company demonstrates stable trading and financial health through future filings.

FLAT SURFACE LTD - Analysis Report

Company Number: 14780095

Analysis Date: 2025-07-20 16:10 UTC

1. Credit Opinion: DECLINE
   Flat Surface Ltd is a dormant company incorporated in April 2023 with minimal financial activity and negligible net assets (£2) and cash (£1). The company has not commenced trading or generated revenue, and its dormant status indicates no current operational cash flows or business transactions. Given the absence of financial history, operating results, and working capital, the company lacks the demonstrated capability to service debt or meet credit obligations at this stage. Without evidence of business activity or financial strength, extending credit would be high risk.

2. Financial Strength:
   The balance sheet shows only £2 in net assets composed of £1 in cash and £1 in called-up share capital. There are no fixed assets or receivables. Shareholders’ funds equal net assets, reflecting no accumulated earnings or reserves. The absence of liabilities or borrowings is positive but reflects the dormant status rather than operational strength. Overall, the financial position is extremely weak and provides no cushion or collateral for lending.

3. Cash Flow Assessment:
   Cash on hand is £1, which is insufficient to cover any operating or financing needs. As a dormant company, there are no trading cash inflows or outflows. Working capital and liquidity metrics are not meaningful in this context. There is no evidence of cash generation capacity or liquidity to support debt service requirements.

4. Monitoring Points:

• Monitor for submission of future filed accounts showing commencement of trading and revenue generation.
• Watch for improvements in net assets, cash balances, and profitability indicators.
• Review director's reports or strategic updates indicating business plans and financial forecasts.
• Confirm no overdue filings or adverse changes in company status.