Company Number: 12438138

Analysis Date: 2025-07-29 18:58 UTC

1. Credit Opinion: DECLINE
   NK NDT LTD has ceased trading operations as confirmed in the latest accounts and directors' note indicating plans for striking off. The company shows a deteriorating financial position with net liabilities of £2,925 as of June 2025 compared to positive net assets previously. With no ongoing business activity, negligible current assets (£2), and increasing short-term liabilities (£2,925), the company cannot service new credit or debt facilities. The credit risk is high due to lack of trading, poor liquidity, and an imminent closure.

2. Financial Strength:
   The balance sheet shows a rapid decline over recent years. Net assets have fallen from £5,234 in 2020 down to negative £2,925 in 2025. Fixed assets were written down to zero as of 2025. Current liabilities have surged to £2,925 from £313 in 2024. Net current assets have turned strongly negative (-£2,925) reflecting poor working capital management or creditor pressure. Shareholders funds mirror net assets and confirm erosion of equity. Overall, the financial strength is very weak.

3. Cash Flow Assessment:
   Current assets consist essentially of £2 in cash or equivalents, wholly insufficient to cover current liabilities of £2,925. The company exhibits severe liquidity stress with no apparent means to meet short term obligations. The absence of trading revenue and no mention of cash inflows or financing suggests cash flow generation is nil. Working capital is negative and worsening, signaling inability to sustain operations or repay creditors.

4. Monitoring Points:

• Confirm formal striking off or liquidation process commencement.
• Monitor any late or overdue filings or creditor actions.
• Watch for any changes in director status or attempts to restart operations.
• Review any creditor claims or insolvency filings that may arise.