MYRTLEFIELD PROPERTIES LIMITED

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Executive Summary

Myrtlefield Properties Limited is a dormant entity with no trading history or meaningful financial resources, reflected in a static balance sheet showing only nominal capital. The company currently lacks the financial strength, cash flow, and operational activity necessary to support credit facilities. Approval for credit is not recommended without significant change in financial status or business activity.

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Company Analysis

This analysis is opinion only and should not be interpreted as financial advice.

MYRTLEFIELD PROPERTIES LIMITED - Analysis Report

Company Number: 12535098

Analysis Date: 2025-07-29 14:04 UTC

  1. Credit Opinion: DECLINE. Myrtlefield Properties Limited is a dormant company with minimal financial activity and negligible reported assets and cash. The company has not engaged in trading or generated revenue since incorporation in 2020. This lack of operational or financial substance means it does not currently demonstrate the capacity to service any credit facility or meet commercial obligations.

  2. Financial Strength: The balance sheet is extremely limited, showing net assets and shareholders' funds of only £1, consistent over multiple years. There are no fixed or current assets beyond a nominal cash balance of £1, indicating no tangible value or financial strength. The company’s dormant status confirms it has not processed transactions or built equity. This leaves no collateral or financial buffer to support credit risk.

  3. Cash Flow Assessment: Cash flow is effectively non-existent, with only £1 held at the bank. There are no reported current liabilities or operations generating working capital. The company is unable to demonstrate liquidity or cash generation capacity. Any credit extension would carry significant risk of non-repayment given absence of cash flow.

  4. Monitoring Points:

  • Monitor any changes in company status from dormant to active, including filing of trading accounts.
  • Review for any significant capital injections or asset acquisitions that could improve financial position.
  • Track director changes for any indication of strategic shifts or increased operational activity.
  • Verify timely filing of accounts and returns to ensure compliance and transparency.
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