MCCAUL PROPERTY (WORSLEY) LIMITED

Executive Summary

McCaul Property (Worsley) Limited is an early-stage property letting company with very limited financial history and negligible assets. Its current balance sheet and cash position are insufficient to support any credit facility. Approval of credit is not recommended at this time; future creditworthiness should be reassessed once trading activities and financial results are established.

MCCAUL PROPERTY (WORSLEY) LIMITED - Analysis Report

Company Number: 15128069

Analysis Date: 2025-07-20 12:31 UTC

1. Credit Opinion: DECLINE
   McCaul Property (Worsley) Limited is a very newly incorporated entity (since September 2023) with minimal operating history and negligible financial activity. The latest accounts show only £100 in cash and net assets, no revenues, no liabilities, and no fixed assets or trading results reported. The absence of trading or profit and loss data and virtually no working capital indicates the company has not yet established a viable business or cash flow to service debt. As such, the company lacks demonstrated capacity to meet credit obligations or absorb economic stress.

2. Financial Strength:
   The balance sheet is minimalistic, showing only current assets of £100 in cash, net current assets of £100, and net assets/shareholders’ funds of £100. There are no fixed assets or liabilities. The company’s equity is entirely from share capital, indicating no retained earnings or reserves. This very limited financial base suggests a start-up stage with no substantive asset backing or financial buffer.

3. Cash Flow Assessment:
   Cash held is £100 with no reported current liabilities, implying no immediate short-term obligations. However, there is no evidence of operating cash flow generation, working capital turnover, or income streams. The company’s liquidity is nominal and insufficient for any meaningful business operations or debt servicing.

4. Monitoring Points:

• Future trading results and profitability once the company begins operations.
• Growth in current assets and working capital to support trading activities.
• Development of fixed assets or investment in property to support business model.
• Timely filing of next accounts and confirmation statements to maintain regulatory compliance.
• Credit exposure and contingent liabilities as business activities commence.