MGT VEHICLES LIMITED

Executive Summary

MGT VEHICLES LIMITED is currently dormant with no reported assets, liabilities, or trading activity, resulting in no financial strength or cash flow to support credit. Given this status, credit facilities cannot be recommended at this time. Ongoing monitoring should focus on any change in operational status or financial position before reconsidering credit exposure.

MGT VEHICLES LIMITED - Analysis Report

Company Number: 13556541

Analysis Date: 2025-07-20 18:35 UTC

1. Credit Opinion: DECLINE
   MGT VEHICLES LIMITED currently shows no assets or liabilities as of the latest accounts (year ending 31 August 2024). The company is classified as dormant with no trading activity reflected in the financials. The absence of any net assets or working capital means it is not generating cash flow or revenue to service any credit facility. With no financial strength or operational activity, there is no evidence to support credit approval.

2. Financial Strength:
   The balance sheet for 2024 reports zero fixed assets, zero current assets, and zero liabilities, resulting in net assets and shareholders' funds of nil. This indicates the company has no financial resources or capital to leverage. Previous years show minimal assets and equity, but the latest position indicates the company is effectively non-operational.

3. Cash Flow Assessment:
   Current assets and liabilities at zero imply no available working capital or liquidity. The company’s lack of trading activity means no cash inflows or outflows to support debt servicing. This absence of cash flow capacity presents a significant credit risk.

4. Monitoring Points:

• Verify if the company remains dormant or intends to recommence trading.
• Monitor any changes in asset base or equity injections.
• Watch for new filings showing operational revenues or liabilities.
• Assess any director changes or PSC updates that could impact governance or control.