Company Number: 14456784

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

1. Credit Opinion: DECLINE
   LIBAX SERVICES LTD is a dormant company with minimal financial activity and no trading history since incorporation in November 2022. The lack of operational data, revenues, or profit generation means there is no evidence of the company’s ability to service debt or meet commercial obligations. The company has only nominal cash and equity (£100), which is insufficient to support any credit facility or financial risk. Without trading history or financial performance, granting credit would be speculative and high risk.

2. Financial Strength:
   The balance sheet reflects a purely nominal capital structure with £100 in cash and shareholders’ funds. There are no fixed or current assets beyond this minimal cash balance, no liabilities, and no retained earnings. The company’s net assets are static, showing no growth or financial development. This extremely limited financial base indicates zero financial strength or capacity to absorb losses.

3. Cash Flow Assessment:
   As the company is dormant, it has no operating cash flow or working capital cycle. The cash balance remained constant at £100 over the last three years. There is no evidence of cash inflows from operations or other sources, nor any outflows. This lack of liquidity and operational cash flow presents a critical constraint for any credit consideration.

4. Monitoring Points:

• Company status and trading activity: Monitor for commencement of trading or financial activity to reassess creditworthiness.
• Filing compliance: Continue to ensure timely submission of dormant accounts and confirmation statements.
• Director and ownership stability: Mohamed Mohamed controls 100% ownership and directorship; monitor any changes in management or ownership that may impact governance.
• Financial filings: Watch for any future filed accounts showing operational results or financial transactions.