Company Number: 14941999

Analysis Date: 2025-07-20 11:32 UTC

1. Credit Opinion: DECLINE
   MJB AND SONS COURIERS LTD is a newly incorporated company (June 2023) and has filed dormant accounts for the year ending June 2024. There is no trading history or financial activity reflected, indicating no revenue generation or operational cash flow to support debt servicing. With net assets at £1 and no working capital or earnings, the company currently lacks any financial substance or proven ability to meet credit obligations. Without trading data or positive financial trends, extending credit would carry high risk.

2. Financial Strength:
   The balance sheet shows effectively no assets or equity beyond the nominal £1 share capital. No fixed or current assets, no liabilities, and no retained earnings exist as the company has not commenced trading. This indicates zero financial buffer or capital base to absorb losses or support business growth. The company’s net asset position is negligible, reflecting its dormant status.

3. Cash Flow Assessment:
   No cash flow data or operational receipts/payments are available due to dormant status. Working capital is effectively zero, as there are no current assets or liabilities. The company’s liquidity position cannot be assessed beyond the nominal share capital, which is insufficient to sustain any meaningful business activity or meet short-term obligations.

4. Monitoring Points:

• Monitor for filing of first full trading accounts to assess revenue, profitability, and cash flow generation.
• Watch for any increase in net assets or working capital indicating investment or business commencement.
• Track director changes or PSC updates that may signal restructuring or new capital injections.
• Review credit applications only after sufficient trading history and positive cash flow evidence emerge.