Company Number: 15226777

Analysis Date: 2025-07-29 12:27 UTC

1. Credit Opinion: DECLINE. MIND OF SPORT LIMITED is a newly incorporated private limited company with a dormant status and no trading activity to date. The financials show minimal net assets (£64) and no operational history or cash flow generation. The absence of trading results and working capital restricts any ability to service debt or meet credit obligations at this stage. Without evidence of revenue or financial performance, extending credit would carry high risk.

2. Financial Strength: The balance sheet is minimal, reflecting a dormant company with £64 in cash and equivalent net assets. There are no fixed or current assets beyond the nominal cash balance. Shareholders’ funds consist solely of nominal share capital. The company’s financial position is very weak due to lack of trading activity and no accumulated reserves or retained earnings.

3. Cash Flow Assessment: No cash flow from operations exists as the company is dormant. The only cash reported is a nominal balance (£64), insufficient to cover any liabilities or operational expenses. Working capital is effectively zero; current liabilities are presumably nil or minimal, but this is due to inactivity rather than strong liquidity management.

4. Monitoring Points:

• Track commencement of trading and revenue generation.
• Monitor filing of first full statutory accounts post-trading period.
• Observe cash flow trends once operations begin, especially liquidity and working capital.
• Management’s ability to build sustainable profitability and maintain adequate capital buffers.
• Any changes in director or shareholder structure that may affect governance or financial support.