MILDMAY BOC LTD

Executive Summary

MILDMAY BOC LTD is a recently incorporated dormant company with no financial activity or assets beyond a nominal £1 net asset base. The lack of trading history and cash flow capacity leads to a decline recommendation for credit facilities due to absence of repayment ability evidence. Close monitoring is advised if the company begins trading or shows signs of financial development.

MILDMAY BOC LTD - Analysis Report

Company Number: 14070844

Analysis Date: 2025-07-20 11:15 UTC

1. Credit Opinion: DECLINE
   Given the company's dormant status since incorporation in April 2022 with no trading activity or financial transactions reported, there is insufficient evidence of business operations or revenue generation to support credit. The minimal net assets (£1) and negligible cash balance indicate no capacity to service debt or absorb financial stress. The absence of historical financial performance or working capital further limits assessment of creditworthiness. Without demonstrated operational and financial activity, approving credit facilities would present a high risk.

2. Financial Strength:
   The balance sheet is effectively nominal, showing net assets and shareholders’ funds of £1 and cash of £1 across the last three years. This reflects a dormant company with no fixed or current assets, liabilities, or retained earnings. The company maintains an extremely weak financial base, with no equity cushion or tangible resources to draw upon.

3. Cash Flow Assessment:
   Cash flow is non-existent as the company is dormant. There are no current assets, receivables, or working capital available to meet any liabilities or operational expenses. Liquidity risk is very high; the company has no capacity to generate cash internally or externally.

4. Monitoring Points:

• Confirmation of commencement of trading and revenue generation.
• Filing of full accounts showing operational results and financial position improvements.
• Changes in net assets, cash balances, and working capital indicative of business activity.
• Director or shareholder announcements signaling business plans or capital injections.