JDW FLOORING SUPPLIES LIMITED

Executive Summary

JDW Flooring Supplies Limited is a dormant entity with sustained negative equity and no trading activity, making it unable to meet financial obligations. The lack of operational cash flow and deteriorating balance sheet position create significant credit risk. Credit facilities cannot be supported without a fundamental change in trading or financial structure.

JDW FLOORING SUPPLIES LIMITED - Analysis Report

Company Number: 13127740

Analysis Date: 2025-07-29 19:36 UTC

1. Credit Opinion: DECLINE
   JDW Flooring Supplies Limited is a dormant company with no trading activity since incorporation. The financial statements show persistent negative net assets and shareholders' funds deteriorating from -£537 in 2021 to -£1,331 in 2024. The company has no revenues or profits, no material fixed or current assets, and current liabilities exceed current assets. This indicates an absence of operational cash flow and an inability to service any debt or credit facility. The lack of trading history and ongoing losses (accumulated losses reflected in negative reserves) present a high credit risk. Without evidence of trading performance or financial backing, extending credit is not advisable.

2. Financial Strength:
   The balance sheet is weak and shows increasing net liabilities. Current liabilities (£737) significantly exceed current assets (£200), resulting in net current liabilities of £537 consistently over the last three years. Accruals and deferred income have also increased, further worsening the net liabilities position. The company’s share capital is minimal (£100), and retained losses have eroded equity. No fixed assets or tangible net worth exist to offer security. Overall, the company is financially insolvent on a balance sheet basis.

3. Cash Flow Assessment:
   No trading activity has been recorded, and the company’s accounts confirm it did not trade during the year. With no operating cash inflows and current liabilities outstripping current assets, liquidity is severely constrained. Working capital is negative, indicating the company cannot meet short-term obligations from current assets. The absence of cash flow generation undermines any capacity to service debt or suppliers.

4. Monitoring Points:

• Watch for any change from dormant to active trading status and review subsequent trading results.
• Monitor filings for updated accounts to assess if financial condition improves.
• Observe any capital injections or changes in shareholder funds that could strengthen the balance sheet.
• Track director actions or announcements for strategic plans to commence trading or restructure.