Company Number: NI678313

Analysis Date: 2025-07-29 19:50 UTC

1. Credit Opinion: DECLINE
   NUMILO GROUP LIMITED is a dormant company with minimal financial activity and negligible net assets (£2). It has not generated any trading results or cash flows to demonstrate operational capability or capacity to service debt. The lack of trading history combined with net current liabilities in the previous year and no substantive financial strength makes it unsuitable for credit extension at this time.

2. Financial Strength:
   The balance sheet shows very limited financial substance. Share capital is nominal (£2), net assets remain at £2, and prior year figures reveal a working capital deficit (net current assets of -£8 in 2023). Fixed assets and current assets are immaterial. This indicates no real asset base or equity cushion to absorb financial stress. The company is clearly in a start-up or non-trading phase.

3. Cash Flow Assessment:
   No cash flow data is available, but the dormant status confirms no trading or operational cash inflows/outflows. Current liabilities in 2023 exceeded current assets, suggesting potential liquidity constraints if the company were active. The absence of working capital and cash generation capability points to a complete lack of liquidity.

4. Monitoring Points:

• Monitor future accounts filings for commencement of trading and operational results.
• Watch for any increase in net assets or working capital improvements indicating business activity.
• Keep track of director changes or capital injections that could affect financial stability.
• Review any filings indicating changes in business model or strategy that could impact credit risk.