Company Number: 15047554

Analysis Date: 2025-07-29 14:16 UTC

1. Credit Opinion: DECLINE
   PROTEGO SURFACE TECHNOLOGY LIMITED is a very recently incorporated company (August 2023) and has filed dormant accounts with minimal financial activity. The balance sheet shows nominal net assets of only £100, representing share capital. The company has not conducted trading or generated revenue, so there is no operating cash flow or earnings history to assess repayment capability. Without financial performance or working capital, the company does not demonstrate capacity to service debt or commercial obligations at this stage.

2. Financial Strength:
   The financial position is extremely limited, with net assets of £100 solely from share capital. No fixed or current assets, no liabilities, and no retained earnings exist. The dormant status indicates no business transactions have occurred. This results in negligible financial strength or buffer to absorb losses or liquidity shocks.

3. Cash Flow Assessment:
   No cash flow data or working capital is available due to dormant status. The company has no current assets or liabilities, so liquidity cannot be evaluated. Cash flow risk is high if the company begins operations without securing adequate funding or credit support.

4. Monitoring Points:

• Commencement of trading and revenue generation: critical to assess going concern status.
• Filing of subsequent accounts showing operational performance and cash flows.
• Changes in net assets and working capital reflecting investment or borrowing.
• Director and ownership continuity – currently controlled 100% by Imran Arshad.
• Compliance with filing deadlines to avoid regulatory penalties.