FTS GROUP HOLDINGS LTD

Executive Summary

FTS GROUP HOLDINGS LTD is a recently incorporated private limited company with dormant status and minimal financial activity to date. The company's financial position is very weak with only nominal net assets and cash, providing no evidence of operational trading or cash generation. Given the lack of financial history and transparency, credit facilities cannot be recommended at this time.

FTS GROUP HOLDINGS LTD - Analysis Report

Company Number: 13555225

Analysis Date: 2025-07-20 18:25 UTC

1. Credit Opinion: DECLINE. The company is very new (incorporated 2021) and has only filed dormant accounts as of August 2022, showing minimal financial activity and negligible net assets (£200). There is no recent financial performance or cash flow data to support credit extension. Control has recently shifted to a corporate entity (Pantrad Ltd) which holds majority shares and director appointment rights, adding complexity and reducing transparency. Without operational or trading history, the risk of lending or extending credit is high.

2. Financial Strength: The balance sheet is extremely thin, reflecting a dormant entity status with only nominal net assets (£200). No fixed assets, receivables, or other assets are reported. Shareholders' funds equal the nominal share capital, indicating no retained earnings or reserves. This illustrates that the company has no financial buffer or equity strength to support borrowing or absorb losses.

3. Cash Flow Assessment: Cash reported is minimal at £200 as of August 2022, indicating negligible liquidity. There is no evidence of trading cash flows, working capital, or operational income streams. The absence of profit and loss accounts and cash flow statements prevents assessment of ongoing liquidity or ability to meet short-term obligations.

4. Monitoring Points:

• Monitor for filing of full trading accounts and confirmation of financial activity beyond dormant status.
• Watch for changes in ownership structure and director appointments for governance stability.
• Review future cash flow generation and profitability once accounts are filed to reassess creditworthiness.
• Track any material changes in asset base or working capital improvements.