PATTERSON OIL LTD

Executive Summary

Patterson Oil Ltd is a newly incorporated dormant company showing no trading activity, minimal cash, and negligible financial strength. There is no evidence of operational capacity or cash flow to support credit. Credit facilities are not recommended until the company demonstrates viable business activity and improved financial metrics.

PATTERSON OIL LTD - Analysis Report

Company Number: NI685371

Analysis Date: 2025-07-20 13:39 UTC

1. Credit Opinion: DECLINE
   Patterson Oil Ltd is a dormant company with minimal financial activity and no operational history or revenue generation. Its balance sheet shows only nominal cash and equity (£100) with no assets or liabilities of substance. There is no evidence of trading, profitability, or cash flow to support any credit facility or commercial agreement. The company’s current financial state is insufficient to service debt or meet credit obligations.

2. Financial Strength:
   The company’s financial statements reveal a very weak balance sheet, consisting solely of £100 in cash and shareholders’ funds, with no other assets or liabilities. The absence of current or fixed assets and negligible working capital indicate no financial strength or buffer against economic challenges. The company remains dormant since incorporation, showing no signs of business development or capital investment.

3. Cash Flow Assessment:
   Cash position is static at £100 with no reported income, expenses, or cash inflows/outflows over the reported periods. Working capital is effectively zero beyond the minimal cash holding. There is no operational cash flow to assess, and liquidity is non-existent beyond the nominal cash balance. This puts the company at high risk for any financial commitment requiring timely repayments.

4. Monitoring Points:

• Activation of trading status or revenue generation should be confirmed if the company plans to engage in commercial activities.
• Future filing of full accounts and confirmation of asset acquisition or liabilities incurred will be critical to reassess creditworthiness.
• Monitoring director and ownership changes, as well as any financial commitments, will be important.
• Watch for any overdue filings or signs of financial distress in future accounts or company status updates.