MYKROWARE LIMITED

Executive Summary

MYKROWARE LIMITED is a dormant entity with no trading history, negligible financial resources, and no operational activity to support credit risk. The company’s financial position is extremely weak, with no assets or cash flow to service debt. Credit facilities are not recommended at this time due to the lack of financial substance and ability to repay.

MYKROWARE LIMITED - Analysis Report

Company Number: 13203880

Analysis Date: 2025-07-29 17:16 UTC

1. Credit Opinion: DECLINE
   MYKROWARE LIMITED is a dormant private limited company with no trading activity since incorporation in 2021. Its latest filed accounts confirm zero turnover, no assets or liabilities beyond a nominal £1 current asset (likely minimal stock), and no employees or creditors. There is no financial history demonstrating ability to generate revenue or service debt. The company’s financial position is negligible and provides no security or evidence of operational viability. Given the absence of trading, revenue, or cash flow, extending credit would carry a high risk of non-repayment.

2. Financial Strength:
   The balance sheet is effectively inactive, showing net assets of £1 made up of minimal current assets with no fixed assets or liabilities. Shareholders’ funds equal £1, reflecting the nominal share capital issued. The company has no tangible or intangible assets and no liabilities. This extremely weak financial base indicates no capacity to absorb losses or sustain operations without external funding.

3. Cash Flow Assessment:
   Cash at bank is zero, and there are no debtors or creditors. As the company was dormant during the period, it generated no cash inflows or outflows from trading activities. There is no working capital, no liquidity, and no cash generation capability. The company cannot service any debt or finance any operational costs independently.

4. Monitoring Points:

• Monitor for any commencement of trading activity or significant changes in financial statements indicating asset acquisition or revenue generation.
• Watch for director changes or new appointments that may signal restructuring or capital injection.
• Review future filings for evidence of working capital, cash flow improvements, or financial commitments.
• Confirm ongoing compliance with filing requirements to avoid regulatory issues.