Company Number: 14430583

Analysis Date: 2025-07-20 12:23 UTC

1. Credit Opinion: DECLINE
   Leone London Ltd is a newly incorporated entity with minimal financial history and very limited assets (£66 cash, no liabilities). The lack of operating history, absence of revenues or trade debtors, and negligible working capital provide no evidence of ongoing business activity or cash flow generation to service any credit facility. Without demonstrated trading performance or financial substance, the company presents a high risk for credit exposure.

2. Financial Strength:
   The balance sheet shows total assets of only £66 (all cash), with no fixed assets or current liabilities. Shareholders’ funds equal £66, reflecting the nominal share capital (£1) plus a profit and loss reserve of £65. The company qualifies as a small company but has no material financial resources or tangible net worth, indicating very weak financial strength.

3. Cash Flow Assessment:
   Current assets are limited to £66 cash with no debtors or stock, and current liabilities are zero, resulting in net current assets of £66. This extremely low level of liquidity provides no buffer for operational costs or debt service. The absence of any trading revenue or cash inflows means cash flow risk is very high, with no proven capacity to generate positive operating cash flows.

4. Monitoring Points:

• Confirm commencement of trading and generation of revenue.
• Track subsequent filed accounts for evidence of profit or cash flow improvements.
• Monitor director(s) for any credit facility applications and terms requested.
• Watch for increases in working capital and net assets that might support credit.
• Verify timely filing of accounts and confirmation statements.