JUNIOR MEMORY CHAMPIONSHIPS LIMITED
Company number 04834686 · 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 Assessment: JUNIOR MEMORY CHAMPIONSHIPS LIMITED
1. Credit Opinion: DECLINE
Reasoning: This entity is a dormant, non-trading company that has never generated revenue since incorporation in 2003. The filed accounts explicitly confirm the company has never traded (c:EntityHasNeverTraded). There is no operational business, no income stream, and no capacity to service debt obligations. Any commercial credit facility would be entirely unsupported by cash flow or trading activity.
2. Financial Strength
The balance sheet position is static and minimal:
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Total Assets | £21,200 | £21,200 | £21,200 | £21,200 | £21,200 |
| Net Assets | £21,200 | £21,200 | £21,200 | £21,200 | £21,200 |
| Shareholders' Funds | £21,200 | £21,200 | £21,200 | £21,200 | £21,200 |
- Share Capital: £1,400
- Asset Composition: No breakdown available between cash, debtors, or other current assets
- Five-Year Trend: Complete stagnation — no growth, no decline, no movement whatsoever
- Liabilities: None reported, consistent with dormant status
The £21,200 figure has remained unchanged for at least five consecutive years, suggesting this is likely a fixed cash deposit or inter-company balance rather than an active trading asset. The company qualifies for audit exemption under Section 480 of the Companies Act 2006 (dormant company provisions) and files as a micro-entity, providing minimal disclosure.
Assessment: Weak. While technically solvent with positive net assets, the financial position is irrelevant for credit purposes given the absence of any trading activity.
3. Cash Flow Assessment
- Revenue: £0 — the company has never traded
- Operating Cash Flow: Nil
- Working Capital: £21,200 (entirely current assets, no current liabilities)
- Debt Service Capacity: None
The company employs two directors but generates no income. The static asset base suggests no operational working capital cycle exists. There is no cash conversion, no debtor book, and no trade creditor position to evaluate.
Assessment: No cash flow generation capability. The company cannot service any debt facility from its own operations.
4. Monitoring Points
Should circumstances change and the company seek to activate trading, the following would require monitoring:
- Commencement of Trading Activity — Verify actual revenue generation and trading contracts before any credit consideration
- PSC Umbrella — The Learning Skills Foundation Limited controls >75% of shares, voting rights, and director appointments; any credit facility would effectively require parent entity assessment
- Previous Name History — Company traded as UPLOAD TV LIMITED until 2007; investigate whether prior trading left any latent liabilities
- Asset Composition — Clarify whether the £21,200 represents cash, inter-company loans, or other assets; dormant company cash may be withdrawable by the parent
- Director Conduct — No disqualification records identified, but with only two directors and a corporate PSC, key-person risk is concentrated
- Filing Compliance — Currently up to date; any future overdue filings would signal governance concerns
Additional Observations
- The registered address is at Calder & Co, a firm of accountants, suggesting the company is professionally administered but not operationally active
- The name change from UPLOAD TV LIMITED (2007) to JUNIOR MEMORY CHAMPIONSHIPS LIMITED suggests the vehicle was repurposed for a specific purpose that never materialised into trading activity
- The SIC code 82990 (other business support services) is generic and does not indicate an active trading purpose