NU HOMES DEVELOPMENT PROJECTS LIMITED

Executive Summary

NU HOMES DEVELOPMENT PROJECTS LIMITED is a newly formed dormant company without trading history, assets, or cash flow. Its minimal capital base and lack of operational data preclude a positive credit assessment. Credit should be declined until the company demonstrates trading activity and financial viability.

NU HOMES DEVELOPMENT PROJECTS LIMITED - Analysis Report

Company Number: 14817918

Analysis Date: 2025-07-29 16:03 UTC

1. Credit Opinion:
   DECLINE. NU HOMES DEVELOPMENT PROJECTS LIMITED is a newly incorporated entity (April 2023) that has not commenced trading and is classified as dormant. There is no trading history, no revenue, and no operating expenses reported. The company carries no significant assets and only a minimal net asset value (£100). This lack of financial activity and operating history makes it impossible to assess repayment capability or business sustainability. Furthermore, the sole director is closely linked with the majority shareholder (Nu Homes Ltd), suggesting this entity may be a holding or project vehicle rather than an independent trading business. Without operational data or cash flow, extending credit is not advisable.

2. Financial Strength:
   The balance sheet shows net current assets of £100 and shareholders’ funds of £100, reflecting capital introduced at incorporation, with creditors of £100 classified as current liabilities but no trading activity. There are no fixed assets, no working capital beyond the initial share capital, and no retained earnings or reserves. This reflects a very weak financial base with no buffer to absorb losses or support operational needs.

3. Cash Flow Assessment:
   Since the company is dormant and has not traded, there is no cash flow from operations. Liquidity depends solely on the initial capital injection by shareholders. There is no evidence of cash inflows or working capital management. The absence of trading means there is no cash generation capacity to meet liabilities or future credit obligations.

4. Monitoring Points:

• Commencement of trading and generation of revenue
• Filing of subsequent annual accounts showing financial performance and position
• Changes in directors or significant control that may affect governance
• Any increase in liabilities or capital to support operations
• Timely filing of statutory returns and accounts to ensure compliance and transparency