Company Number: 15436688

Analysis Date: 2025-07-29 16:39 UTC

1. Credit Opinion: DECLINE
   Proper Places Ltd is a newly incorporated private limited company classified as dormant with minimal financial activity. The company has no substantive trading history or financial performance data beyond a nominal cash balance and share capital of £100. The absence of operating cash flows, revenues, or assets indicates the company currently lacks the capacity to service any credit facilities or meet financial obligations. As such, extending credit at this stage would be high risk without further operational evidence or financial strengthening.

2. Financial Strength:
   The balance sheet reveals net assets of £100, consisting solely of cash and share capital. There are no fixed or current assets beyond this minimal amount, nor any liabilities. This extremely limited capital base and asset profile do not provide any collateral or financial buffer, reflecting a startup in a dormant state rather than an operational business with trading capacity.

3. Cash Flow Assessment:
   Cash on hand stands at £100 with no reported income or expenses, indicating no operational cash flow. Working capital is effectively zero, and there are no indications of revenue generation or receivables. The company’s liquidity position is therefore very weak, unable to fund operations or meet debt servicing requirements.

4. Monitoring Points:

• Future filing of accounts showing trading activity and revenue generation
• Changes in net assets and cash flow to reflect operational progress
• Debt levels and credit facilities applied for or granted
• Directors’ background and any changes in management or ownership
• Timely submission of statutory filings to maintain compliance