NATIONAL NORDIC WALKING ASSOCIATION IN SCOTLAND LTD

Executive Summary

NATIONAL NORDIC WALKING ASSOCIATION IN SCOTLAND LTD is a recently formed dormant entity with no trading history or financial assets, reflecting no capacity to service credit facilities at present. The lack of financial substance and absence of cash flow information lead to a credit decline recommendation. Close monitoring is advised should the company commence trading or strengthen its financial position.

NATIONAL NORDIC WALKING ASSOCIATION IN SCOTLAND LTD - Analysis Report

Company Number: SC785755

Analysis Date: 2025-07-29 20:50 UTC

1. Credit Opinion: DECLINE

This company is newly incorporated (October 2023) and qualifies as dormant, with no trading activity or financial transactions reported to date. The balance sheet shows zero net assets and zero shareholders’ funds as of the latest accounts (October 2024). Without trading history, revenue, or positive cash flow, the company currently lacks any demonstrated ability to service debt or meet financial obligations. The company’s limited by guarantee status means it has no share capital, potentially increasing risk for creditors. Given these factors, the company does not present a creditworthy profile for lending or credit extension at this time.

2. Financial Strength:

The balance sheet is essentially neutral, reporting net assets and reserves at zero. No fixed or current assets or liabilities are recorded, consistent with dormant status. There is no equity capital, retained earnings, or financial buffer. This absence of financial substance indicates no capacity to absorb losses or fund operations. The company’s financial position is therefore very weak from a credit perspective.

3. Cash Flow Assessment:

No trading or operational activity means no cash inflows or outflows are reported. Working capital cannot be assessed due to lack of current assets or liabilities. The company is likely dependent on external funding or guarantees from members for any future activity. Without cash flow data or working capital, liquidity risk is high.

4. Monitoring Points:

• Monitor for future trading activity and filing of full accounts reflecting income, expenses, and cash flow.
• Watch for capital injections or changes in guarantee structure that may improve financial strength.
• Track director activity and any changes in control or governance that may affect credit risk.
• Review compliance with filing deadlines to avoid administrative penalties which could signal governance issues.