NIRRAY LIMITED

Executive Summary

NIRRAY LIMITED is a dormant entity with no financial activity or assets beyond nominal share capital, resulting in no capacity to service credit facilities. Its financial position is extremely weak, with no operating cash flow or working capital. Credit approval is not recommended unless the company demonstrates significant operational and financial improvement.

NIRRAY LIMITED - Analysis Report

Company Number: 13714059

Analysis Date: 2025-07-29 19:04 UTC

1. Credit Opinion: DECLINE
   NIRRAY LIMITED is a dormant company with minimal financial activity, showing only £1 in cash and net assets over the last three years. There is no evidence of trading, revenue generation, or operational cash flow. The company’s inability to demonstrate any financial performance or working capital severely limits its capacity to service debt or meet credit obligations.

2. Financial Strength:
   The balance sheet confirms the company holds only nominal assets (£1 cash, £1 net assets) and no liabilities or retained earnings. Being dormant, it has no trading history or accumulated profits to support financial resilience. Shareholders’ funds equal the nominal share capital, indicating no financial growth or investment.

3. Cash Flow Assessment:
   With only £1 cash reported consistently and no current assets or liabilities, the company has no liquidity or working capital. There is no operating activity generating cash inflows, making it incapable of funding operations or debt service from internal sources.

4. Monitoring Points:

• Monitor any change from dormant status indicating commencement of trading or financial activity.
• Review upcoming accounts and confirmation statements for updated financial data or changes in ownership/control.
• Assess any new funding, capital injection, or operational plans that could impact creditworthiness.