ML CONNECT TRANSPORT (N.I.) LIMITED

Executive Summary

ML CONNECT TRANSPORT (N.I.) LIMITED remains dormant with no trading activity or financial substance beyond its nominal share capital. It lacks operational cash flow and assets, rendering it unsuitable for credit extension at this time. Monitoring should focus on any future activation of trading and financial performance improvements before reconsidering credit facilities.

ML CONNECT TRANSPORT (N.I.) LIMITED - Analysis Report

Company Number: NI684316

Analysis Date: 2025-07-20 16:48 UTC

1. Credit Opinion: DECLINE
   ML CONNECT TRANSPORT (N.I.) LIMITED is a dormant company with no trading activity or revenue generation since incorporation in December 2021. The latest accounts confirm a net asset position of only £100, representing the nominal share capital, and no cash flow beyond this minimal amount. There is no evidence of operational performance or ability to service debt, making the company unsuitable for extending credit or any form of financing at this stage.

2. Financial Strength:
   The balance sheet reflects a bare minimum equity base of £100 with no fixed or current assets beyond this amount. The company has maintained a dormant status for three consecutive years, indicating no business activity or financial growth. This lack of assets, reserves, or profitability means financial strength is negligible.

3. Cash Flow Assessment:
   Cash on hand remains at £100, unchanged for three years, demonstrating no liquidity or working capital to support trading or meet liabilities. There is no cash inflow or outflow, consistent with dormant status, so the company cannot generate or manage cash flow to repay debts or fund operations.

4. Monitoring Points:

• Activation of trading status and subsequent filing of trading accounts with profit & loss statements.
• Evidence of working capital improvements and positive cash flow generation.
• Changes in ownership structure or director appointments that might signal business development.
• Timely filing of accounts and confirmation statements to ensure regulatory compliance.