IOT CORE LTD

Executive Summary

IOT Core Ltd is an early-stage dormant company with minimal financial substance or trading history, representing a high credit risk at present. The company’s financial position is limited to nominal share capital with no cash flow or assets to support credit facilities. Approval for credit is not recommended until the company demonstrates operational activity and stronger financial metrics.

IOT CORE LTD - Analysis Report

Company Number: 14722800

Analysis Date: 2025-07-29 13:33 UTC

1. Credit Opinion: DECLINE
   IOT Core Ltd is a newly incorporated company (March 2023) that has filed dormant accounts for the period ended 31 December 2023. The financial data shows minimal activity—net assets of just £1—and no revenue or operational cash flow. The company lacks trading history and financial substance to demonstrate any ability to service debt or meet commercial obligations at this stage. Without a track record or meaningful assets, the credit risk is high.

2. Financial Strength:
   The balance sheet reflects a nominal net asset base of £1, representing issued share capital only. There are no fixed or current assets beyond £1 in cash, and no liabilities reported. This indicates no operational scale or financial buffer. The company is wholly owned by WIF Enterprise Limited and Remote Tech Ltd, which may provide indirect support, but no consolidated financials are available.

3. Cash Flow Assessment:
   Cash position is negligible (£1 cash at bank), with no evidence of operational inflows or working capital. The dormant status confirms no trading activity or revenue generation. The company currently has no liquidity to cover expenses or debt service independently.

4. Monitoring Points:

• Monitor future filings for transition from dormant to trading status.
• Review subsequent financial statements for revenue generation and cash flow improvements.
• Watch for any capital injections or intercompany funding from parent companies.
• Observe any changes in director appointments or business strategy that might signal operational commencement.