OBSIDIAN IT SOLUTIONS LTD

Executive Summary

Obsidian IT Solutions Ltd is a startup currently classified as a dormant company with minimal financial substance and no trading history. Given the absence of operating performance, assets, and cash flows, the company does not demonstrate capacity to service debt or sustain credit facilities at this time. Credit approval is not recommended until meaningful financial activity and compliance improvements are evidenced.

OBSIDIAN IT SOLUTIONS LTD - Analysis Report

Company Number: 14817063

Analysis Date: 2025-07-19 13:05 UTC

1. Credit Opinion: DECLINE
   Obsidian IT Solutions Ltd is a newly incorporated dormant company with minimal financial activity and negligible net assets (£1). The company has not generated any trading history or cash flows to demonstrate an ability to repay debt or meet commercial obligations. Its dormant status and very limited financial footprint provide no evidence of operational capacity or financial resilience at this stage. Additionally, the company’s annual return filing is overdue, which raises compliance concerns.

2. Financial Strength:
   The balance sheet shows a single £1 share capital with net assets of £1, reflecting no accumulated reserves, earnings, or tangible assets. This minimal equity base indicates the company has no capital buffer to absorb losses or fund operations. Being dormant, it has no fixed or current assets and no liabilities reported, so financial strength is effectively non-existent.

3. Cash Flow Assessment:
   No cash flow or working capital data is available due to the dormant status. The company has not conducted business activities, so there is no evidence of cash generation or liquidity. The absence of operating cash inflows or current asset holdings means the company cannot service debt or cover expenses from internal sources.

4. Monitoring Points:

• Status of annual confirmation statement filing (currently overdue) to ensure ongoing compliance.
• Transition from dormancy to active trading, with supporting financial statements showing revenue, profitability, and cash flow generation.
• Changes in net assets and equity, reflecting capital injections or retained earnings.
• Directors’ track record and any changes to management or ownership structure.