Company Number: SC734381

Analysis Date: 2025-07-29 13:54 UTC

1. Credit Opinion: DECLINE
   KHAMES LTD is a dormant private limited company with no trading activity or financial transactions reported since incorporation in June 2022. The company’s accounts show zero assets, liabilities, equity, revenue, or expenses. There is no evidence of financial performance or cash flow to support servicing any credit facility. Without operational history or financial strength, the risk of lending or extending credit is unacceptably high.

2. Financial Strength:
   The balance sheet is entirely blank with zero fixed assets, current assets, liabilities, and shareholders’ funds as of the latest financial year ending June 2024. The company holds no tangible or intangible assets, has not generated any earnings or retained profits, and therefore has no equity cushion or net worth. This absence of financial substance indicates it is effectively a shell entity at present.

3. Cash Flow Assessment:
   No cash or working capital is reported. Current assets and liabilities are nil, resulting in zero net current assets. As a dormant company, KHAMES LTD has no operational cash inflows or outflows, making it incapable of meeting any short-term financial obligations or debt service requirements.

4. Monitoring Points:

• Monitor any change from dormant status to active trading, which would require updated financial statements and cash flow information.
• Track any capital injections or asset acquisitions that would improve balance sheet strength.
• Review director and shareholder activity for plans indicating future business operations or credit needs.
• Verify timely filing of statutory accounts and confirmation statements to ensure compliance and transparency.