INTELLIGENT LOGISTICS SERVICES LTD
Company number 07843876 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Analysis: Intelligent Logistics Services Ltd
1. Credit Opinion: DECLINE
Reasoning: This company is a dormant shell entity with no trading activity, no revenue generation, and no capacity to service debt. The financial history demonstrates complete inactivity for at least a decade, with only £100 in assets (representing issued share capital held as cash). There is no operating business, no cash flow, and no meaningful balance sheet to support any credit facility. The company cannot meet debt service obligations from any source.
The SIC code (46180 - Agents specialized in the sale of other particular products) suggests an intended trading purpose, but this has never been operationalized. The company changed its name from "Imagine Technologies Ltd" shortly after incorporation in 2012, indicating a pivot in intended business direction that never materialized.
2. Financial Strength
Assessment: Negligible / Non-existent
| Metric | 2024 | 2023 | 2022-2015 |
|---|---|---|---|
| Total Assets | £100 | £100 | £100 |
| Shareholders' Funds | £100 | £100 | £100 |
| Net Current Assets | £100 | £100 | £100 |
| Cash | £100 | £100 | £100 |
- The balance sheet has been static for 10 consecutive years at £100 total
- No tangible assets, no debtors, no stock, no creditors
- Share capital of £100 represents the only entry — this is merely the minimum issued share capital
- No leverage concerns only because there are no liabilities whatsoever
- The company has zero financial substance; the £100 figure is effectively a rounding error in credit terms
Key Concern: The complete absence of asset accumulation over a 10-year period confirms this entity has never traded meaningfully.
3. Cash Flow Assessment
Assessment: No cash flows exist
- Revenue: £0 — Income statement not filed (exempt as dormant company)
- Operating Cash Flow: Nil — no trading activity
- Working Capital: £100 (cash only, no liabilities) — immaterial
- Debt Service Capacity: Zero — no income stream of any kind
The company has maintained dormant status consistently, with zero employees and zero transactions. There is no working capital cycle, no trade debtors or creditors, and no operational cash generation. The entity is entirely dependent on any funds the sole director/shareholder may choose to inject, but there is no evidence of capital contribution beyond the initial £100.
4. Monitoring Points
If circumstances change and the applicant approaches for credit in future, the following would require verification:
| Metric | Why It Matters |
|---|---|
| Activation of trading activity | Must demonstrate actual revenue generation before any credit consideration |
| Filing status change | Movement from dormant to trading accounts would signal a material shift |
| Director's other interests | Eric William Williams may have other active companies — cross-guarantees or related-party transactions would need examination |
| Source of funds | If capital is injected, provenance must be verified for anti-money laundering compliance |
| Name change history | The 2012 name change from "Imagine Technologies" suggests a repurposed vehicle — clarify intended business model |
| Connected party transactions | Dormant companies are sometimes used within group structures; any intercompany obligations must be disclosed |
Additional Observations
- Director: Eric William Williams is the sole officer and PSC with "significant influence or control." The accounts also reference "A Kenny" as a director, suggesting a recent appointment or discrepancy requiring clarification.
- Filing Compliance: Accounts and confirmation statements are filed on time — no overdue filings. This is the only positive indicator, though it carries minimal weight given the dormant status.
- No disqualification records appear for the director, which is neutral rather than positive in this context.