PROJEKT NO28 LTD

Executive Summary

Projekt NO28 Ltd is a newly formed micro-entity with negligible financial substance and no trading history, reflected in nominal net assets of £1. The company currently lacks the financial strength and cash flow to support credit facilities, presenting a high credit risk. Monitoring future filings and trading performance is essential before reconsidering credit exposure.

PROJEKT NO28 LTD - Analysis Report

Company Number: 15016418

Analysis Date: 2025-07-29 15:14 UTC

1. Credit Opinion: DECLINE. Projekt NO28 Ltd is a newly incorporated micro-entity with minimal financial history and negligible assets (£1 net assets). The company has only one employee (the director) and no meaningful trading history or cash flow generation as of the last reporting date. Given the absence of financial substance, no revenue or profitability data, and very limited working capital, the company currently lacks the ability to service any debt or credit facility. The risk of default is high without further financial information or proven trading performance.

2. Financial Strength: The balance sheet shows total net assets of £1, composed entirely of current assets of £1 and no liabilities. This indicates the company is at a very nascent stage with practically no tangible or intangible assets. The micro-entity status and exemption from audit further limit insight into financial robustness. There is no evidence of equity injection beyond the nominal share capital. Overall, the financial position is extremely weak.

3. Cash Flow Assessment: With current assets of only £1 and net current assets equal to £1, there is no operational cash flow or working capital available to fund business activities or meet liabilities. The company’s liquidity position is effectively non-existent. The single director’s occupation as a designer may indicate the company is a vehicle for freelance or consultancy work, but no cash flow data is available to confirm this. Without cash inflows, the company cannot sustain operational expenses or debt service.

4. Monitoring Points:

• Filing of next annual accounts and confirmation statement to verify continued compliance and operational status.
• Evidence of trading activity and revenue generation in subsequent periods.
• Changes in net assets and working capital indicating business development.
• Director’s conduct and any new appointments or PSC disclosures.
• Any capital injections or loans that could improve liquidity and financial strength.