IT DEPARTMENT LIMITED

Executive Summary

IT DEPARTMENT LIMITED is a dormant company with negligible financial activity and minimal net assets, indicating no current ability to service credit facilities. Its financial position is very weak, and there is no operational cash flow to support loan repayment. Credit extension is not recommended until the company demonstrates active trading and positive financial performance.

IT DEPARTMENT LIMITED - Analysis Report

Company Number: 13054408

Analysis Date: 2025-07-29 19:25 UTC

1. Credit Opinion: DECLINE. IT DEPARTMENT LIMITED is classified as a dormant company with no trading activity or financial transactions reported in the latest accounts (year ending 31 December 2023). The company shows minimal net assets (£1) and no profit or loss history, indicating no operating cash flow or income generation to support debt servicing. The lack of financial activity and operating history presents a high risk for credit extension.

2. Financial Strength: The balance sheet is effectively nil, with share capital of £1 and net assets equal to £1, reflecting a purely nominal capital structure and no accumulated reserves or retained earnings. There are no current or fixed assets reported, and no liabilities disclosed. This indicates a very weak financial position lacking any tangible or working capital resources.

3. Cash Flow Assessment: No trading activity or financial transactions have been recorded; thus, there is no evidence of cash inflows from operations or liquidity resources. Without operational cash flow or working capital, the company cannot be expected to meet repayment obligations or manage short-term liabilities.

4. Monitoring Points:

• Monitor for any change from dormant status to active trading, as this would necessitate a review of financial performance and cash flow.
• Track any new financial filings or confirmation statements indicating business development or capital injections.
• Review director appointments and any changes in control that might affect business strategy or credit risk.