Company Number: 14569471

Analysis Date: 2025-07-29 12:50 UTC

1. Credit Opinion: DECLINE
   PJS Property Design Ltd is a newly incorporated company (2023) classified as dormant with negative net assets and shareholder funds that have deteriorated from -£703 to -£1,381 over two years. The company shows no trading activity or employees, and its working capital position is negative and worsening. There is no evidence of revenue generation or financial strength to support debt servicing. Consequently, the company lacks the financial capacity and track record necessary to support credit facilities at this stage.

2. Financial Strength:
   The balance sheet reveals net liabilities of £1,381 as of 31 January 2025, compared to net liabilities of £703 in the previous two years. Current liabilities (£703) exceed current assets, resulting in negative working capital and no buffer to absorb financial shocks. The company holds no fixed or current assets and has accrued liabilities and deferred income, which further strains its financial position. The absence of equity or retained earnings signals a weak financial foundation.

3. Cash Flow Assessment:
   No cash or liquid assets are reported, and the net current liabilities indicate a lack of liquidity. The dormant status and absence of employees or trading activity suggest no operational cash inflows. Without positive cash flow or working capital, the company cannot meet short-term obligations or support ongoing operations. This liquidity deficit poses significant credit risk.

4. Monitoring Points:

• Monitor future annual accounts for signs of trading activity and revenue generation.
• Watch for improvements in net assets and working capital as indicators of financial recovery.
• Track director appointments and any changes in ownership or control that might impact creditworthiness.
• Review filing compliance and timely submission of accounts and confirmation statements.