NUMBER 10 ACADEMY LIMITED
Executive Summary
NUMBER 10 ACADEMY LIMITED is a recently formed dormant company with no trading history or financial activity, resulting in negligible net assets and no cash flow data. Due to the absence of operational performance and financial strength, credit facilities cannot be supported at this stage. Future credit consideration should await evidence of trading commencement, positive cash flow, and financial stability.
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This analysis is opinion only and should not be interpreted as financial advice.
NUMBER 10 ACADEMY LIMITED - Analysis Report
Credit Opinion: DECLINE
NUMBER 10 ACADEMY LIMITED is a newly incorporated private limited company (since November 2023) with dormant status as of its latest accounts dated 31 March 2024. It has no trading history, no revenue, and negligible net assets (£2). Without operating results, cash flow data, or working capital, there is no evidence of payment capacity or financial resilience. The company is in a high-risk category for extending credit until it demonstrates operational activity, revenue generation, and positive cash flow.Financial Strength:
The company’s balance sheet shows only called-up share capital of £2 and net assets of £2. No fixed or current assets, liabilities, or retained earnings are reported. This minimal capital base and absence of trading mean the company currently has no financial strength to support credit facilities or absorb financial shocks.Cash Flow Assessment:
As a dormant company, there are no cash flow statements or working capital figures available. The lack of current assets or liabilities indicates no liquidity or operational cash flows. This severely limits any assessment of the company’s ability to meet short-term obligations.Monitoring Points:
- Confirmation of commencement of trading and revenue generation in the upcoming accounting periods.
- Filing of full statutory accounts showing profit & loss, cash flow, and net current assets.
- Changes in net assets and shareholders’ funds reflecting capital injections or retained earnings.
- Directors’ reports or management commentary indicating business plans and cash flow forecasts.
- Timely filing of confirmation statements and accounts to maintain compliance and transparency.
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