MONNIX LIMITED

Executive Summary

Monnix Limited is a dormant private limited company with no financial activity or assets reported in the latest period. The absence of trading history, cash flow, and financial strength means it is currently unable to support credit facilities. Credit approval is declined, with monitoring recommended should the company commence trading or improve its financial position.

MONNIX LIMITED - Analysis Report

Company Number: 13003038

Analysis Date: 2025-07-20 14:27 UTC

1. Credit Opinion: DECLINE

Monnix Limited is currently a dormant company with no trading activity or financial transactions reported in the latest accounting period. The company’s balance sheet shows zero assets, liabilities, and net assets, indicating no operational business or financial substance. There is no evidence of revenue generation or cash flow, and the company has not demonstrated an ability to service debt or support credit facilities. The lack of trading history and financial activity presents a high credit risk, and the absence of working capital or assets means it cannot currently support debt repayment.

2. Financial Strength:

The company’s financial position is very weak. As at 30 November 2023, net assets are nil, with no fixed or current assets and no liabilities. Share capital is minimal (£10), and there are no retained earnings or reserves. The company has no employees and has not generated turnover since incorporation except a small amount (£7,430) in 2022 which is now absent. This indicates no operational scale or financial buffer to withstand economic shocks or downturns.

3. Cash Flow Assessment:

No cash or working capital is reported. Current assets and liabilities are zero, meaning the company neither holds cash nor owes money. There is no evidence of liquidity or any cash generation. Without cash inflows or operational activity, the company lacks the means to meet any financial obligations or support credit arrangements.

4. Monitoring Points:

• Any change from dormant status to active trading and corresponding financial statements showing revenue and profitability.
• Changes in assets or cash position indicating operational activity.
• Introduction of new directors or major shareholders impacting management quality.
• Filing of subsequent accounts and confirmation statements on time.
• Any external financing or credit facilities applied for or granted.