Company Number: 15023515

Analysis Date: 2025-07-29 13:07 UTC

Credit Opinion: DECLINE

Reasoning: Gould TM Ltd is a very recently incorporated company (July 2023) operating in the construction of roads and motorways sector. The latest filed accounts (to 31 July 2024) are minimal and show a nominal balance sheet with current assets and net assets of just £1, consisting solely of cash. There is no turnover, profit & loss, or detailed financial history available. The company has only one director and one shareholder, Mr. Wilem David Gould, holding full control.

Financial Strength: The balance sheet is extremely weak with net assets of only £1 and no evidence of operational scale, fixed assets, or working capital. There are no liabilities disclosed, but also no substantive assets or equity. The company qualifies as a micro entity and has filed “Total Exemption Full” accounts which are very basic and unaudited. The absence of any meaningful financial data indicates the company is at an embryonic stage without established trading performance or financial resilience.

Cash Flow Assessment: Cash reported is trivial (£1), reflecting no real liquidity to meet operational needs or service any credit facility. There is no information on cash inflows, receivables, payables, or working capital management. Without turnover or cash flow generation, the company cannot currently demonstrate the capability to repay debt or meet ongoing financial commitments.

Monitoring Points:

• Future filing of detailed accounts showing trading performance, profitability, and cash flow generation.
• Development of tangible assets or contracts evidencing operational scale.
• Growth in net current assets and shareholder funds.
• Any external financing or credit facilities taken on and the company’s ability to service them.
• Changes in management or control that might impact credit risk.

Summary: Gould TM Ltd is a newly formed micro company with minimal financial substance and no trading history. The current financial position and lack of operational data do not support extending credit facilities at this stage. Approval of credit facilities would require substantial evidence of business development and improved financial metrics in future periods.