MCGUINNESS BROS SKIP HIRE LTD

Executive Summary

MCGUINNESS BROS SKIP HIRE LTD is a dormant private limited company with no operational or financial activity since incorporation. Its minimal net assets and lack of cash flow make it unsuitable for credit facilities at this time. Credit extension is declined until there is evidence of trading performance and financial strength.

MCGUINNESS BROS SKIP HIRE LTD - Analysis Report

Company Number: 13043185

Analysis Date: 2025-07-20 12:22 UTC

1. Credit Opinion: DECLINE. MCGUINNESS BROS SKIP HIRE LTD is a dormant company with no trading activity or financial transactions reported since incorporation in late 2020. Its balance sheet shows minimal equity (£100 share capital) and no operational assets, liabilities, or earnings. There is no evidence of revenue generation or cash flow to service debt or meet commercial payment obligations. Without trading history or financial performance, the risk of extending credit is high.

2. Financial Strength: The company has a very weak financial profile. Net assets equal the nominal share capital of £100, with no retained earnings or working capital. Cash holdings remain at £100 over multiple years, indicating no business activity. The balance sheet provides no cushion or resources to absorb losses or fund operations. This leaves no collateral or security value for lending purposes.

3. Cash Flow Assessment: Cash flow is non-existent as the company is dormant. The balance sheet shows only £100 in cash and no current assets or liabilities. There is no working capital, and no operational cash inflows or outflows are reported. This means the entity cannot generate or sustain cash to meet payment commitments.

4. Monitoring Points:

• Filing of dormant accounts and confirmation statements remain current with no overdue filings.
• Watch for any change in trading status or financial activity in future accounts.
• Monitor director appointments and PSC structure for any indications of business intent or restructuring.
• Assess any future filings for revenue, profit, or balance sheet growth before reconsidering credit.