LOGICSEL LTD

Executive Summary

LogicSel Ltd is a dormant micro-entity with no trading history, negligible assets, and no cash flow. The company’s financial position is extremely weak with no capacity to service debt. Credit facilities are not advisable until the company demonstrates active trading and financial stability.

LOGICSEL LTD - Analysis Report

Company Number: 13329890

Analysis Date: 2025-07-20 16:37 UTC

1. Credit Opinion: DECLINE
   LogicSel Ltd is a dormant private limited company with minimal financial activity and negligible assets (£10 in current assets and net assets). There is no trading history or revenue, no employees, and no financial data indicating the ability to generate cash flow or service debt. The company’s sole director and shareholder appears to control 100% of the shares and voting rights, but there is no evidence of operational business or financial strength. Extending credit to a dormant company without trading history or cash flow is high risk.

2. Financial Strength:
   The balance sheet is effectively static with only £10 of share capital and current assets, no liabilities, and net assets of £10 consistently over multiple years. The company qualifies as a micro-entity and has filed dormant accounts indicating no business activity. There are no fixed assets, no working capital beyond the nominal share capital, and no reserves or retained earnings. This reflects an extremely weak financial position.

3. Cash Flow Assessment:
   There is no reported cash flow or revenue. Current assets equal share capital (£10), representing essentially cash or nominal funds, with no liabilities. The company has zero employees and no operational expenses disclosed. The absence of trading activity means there is no capacity to generate cash inflows to service debt or meet operating costs.

4. Monitoring Points:

• Confirmation of any change from dormant to active trading status, along with filing of full accounts showing financial performance.
• Monitoring director and shareholder activity for any capitalization or operational developments.
• Watching for overdue filings or changes in company status that may indicate distress or closure.