Company Number: 15076949

Analysis Date: 2025-07-20 14:50 UTC

1. Credit Opinion: DECLINE. PROSOURCE SUPPLIES LTD is a very recently incorporated company (established August 2023) that has filed dormant accounts for its first financial year ending August 2024. The company shows a nominal net asset and shareholder equity value of £1 and cash of £1, indicating no real business activity or financial substance to support credit exposure. There is no operating history, revenue, or evidence of cash flow generation. The company is essentially a shell and cannot demonstrate the capacity to service debt or honor commercial obligations at this stage.

2. Financial Strength: The balance sheet reflects a dormant status with only nominal figures (£1) reported for net assets, shareholders’ funds, and cash. No fixed assets, current assets, or liabilities are reported. The company has no working capital and no financial strength. This minimal balance sheet does not provide any buffer against financial stress or downturn.

3. Cash Flow Assessment: No operational cash flows are evident. Cash on hand is negligible (£1). There are no current assets or liabilities, so no working capital cycle exists. The company has no demonstrated liquidity or ability to generate cash to meet ongoing expenses or repay financing.

4. Monitoring Points:

• Monitor for filing of first active trading accounts with detailed financials.
• Review any future revenue, profitability, and cash flow generation.
• Watch for changes in director or shareholder structure.
• Confirm whether the company transitions from dormant status and begins trading.
• Assess any credit or financing requests only after a trading history is established.