Company Number: 13624491

Analysis Date: 2025-07-20 14:20 UTC

1. Credit Opinion: DECLINE
   GHOST HOLDINGS LTD exhibits no financial substance or activity based on the latest accounts. Their net assets and shareholders’ funds are reported at zero for the most recent financial year, with no current liabilities or assets recorded. This indicates an absence of operational scale or trading activity, raising significant concerns about their capacity to generate cash flows or service any credit facility. The company’s micro-entity status and minimal employee count (1) further confirm its very small scale. Without demonstrable financial strength or cash flow, extending credit is not advisable.

2. Financial Strength:
   The balance sheet shows total net assets and shareholders’ funds at £0 as of 30 September 2024, unchanged from the prior year except a marginally negative position in 2023 (-£419). Current liabilities are nil, but there are also no current assets or fixed assets reported. This zero net asset base implies no tangible equity buffer or collateral value. The company’s financial position is extremely weak, offering no margin to absorb losses or financial shocks.

3. Cash Flow Assessment:
   No current assets or liabilities and no net current assets indicate a lack of working capital. The absence of prepayments, accrued income, or creditors suggests minimal or no operational cash flows. With only one employee, the company’s scale is minimal, likely reflecting a dormant or non-trading status. There is no evidence of liquidity or cash generating capacity to support debt servicing or operational obligations.

4. Monitoring Points:

• Monitor any changes in net assets or introduction of current assets/liabilities in future filings.
• Observe any increase in turnover or operational scale that could indicate business activity.
• Track director or ownership changes that might signal restructuring or new capital injections.
• Watch for overdue filings or signs of financial distress.