PASE PROJECTS LTD

Executive Summary

PASE PROJECTS LTD is a newly formed dormant company with no financial activity or assets. Given the absence of trading history and financial substance, the company currently poses a high credit risk with no demonstrated ability to service debt. Credit approval is not recommended until the company shows operational performance and financial stability in future filings.

PASE PROJECTS LTD - Analysis Report

Company Number: 15048456

Analysis Date: 2025-07-29 19:34 UTC

1. Credit Opinion: DECLINE
   PASE PROJECTS LTD is a recently incorporated company (August 2023) with no reported financial activity or trading results to date. The latest filed accounts confirm that the company is dormant, with zero assets, liabilities, and equity. Without any operating history, revenue, or cash flow, there is no evidence to support the company’s ability to service debt or honor commercial agreements. The absence of financial performance data and trading activity presents a high credit risk.

2. Financial Strength:
   The company’s balance sheet as of 31 August 2024 shows zero fixed assets, current assets, current liabilities, and net assets. Shareholders’ funds stand at zero, reflecting no capital invested or retained earnings. The company qualifies as a micro-entity and has not traded since incorporation. This lack of financial substance means there is no financial buffer or working capital available to support operations or repay obligations.

3. Cash Flow Assessment:
   With no current assets or liabilities and zero reported cash or equivalents, the company has no liquidity or working capital. The dormant status indicates no revenue generation or cash inflows, and no expenses or cash outflows have been recorded. Thus, the company has no internal cash flow to fund operations or debt service, requiring external funding or capital injection for any trading activities.

4. Monitoring Points:

• Monitor next set of accounts for commencement of trading activity and revenue generation.
• Watch for improvement in balance sheet metrics: positive net current assets and shareholder equity.
• Track cash flow statements once trading begins to assess liquidity and operating cash generation.
• Review director and PSC conduct as the company transitions from dormant to active status.