Company Number: 13268813

Analysis Date: 2025-07-19 12:21 UTC

1. Credit Opinion: DECLINE
   Reliable Renting Ltd is classified as a dormant company with minimal financial activity since incorporation in 2021. The company’s latest accounts show only £1,000 in current assets and net assets, with no recorded turnover, profit, or employees. The absence of trading history and operating cash flows presents a high credit risk. There is no evidence of financial performance or business operations that would support servicing debt or credit facilities. The company’s limited financial footprint and dormant status restrict its ability to generate revenue or repay obligations, leading to a recommendation to decline credit at this stage.

2. Financial Strength:
   The balance sheet is extremely limited, showing only £1,000 in cash/current assets and net assets, equal to the issued share capital. There are no fixed assets, liabilities, or retained earnings. This indicates no financial reserves, operating assets, or capital structure beyond initial share capital. The company’s dormant status means no active business operations or asset base to support credit exposure. The financial position is weak and provides no collateral or security for lending.

3. Cash Flow Assessment:
   Cash and working capital remain constant at £1,000 year on year, indicating no trading activity or cash inflows/outflows. The absence of current liabilities is consistent with dormancy but also highlights no operational cash movements. Liquidity is minimal and solely supported by initial capital injection. Without active cash generation or business operations, the company cannot demonstrate the ability to service debt or meet working capital requirements.

4. Monitoring Points:

• Future trading status: Monitor if the company moves from dormant to active and files full accounts showing revenue and profitability.
• Financial filings: Watch for overdue accounts or confirmation statements that may indicate management issues.
• Director changes: Note recent director resignation and any impact on company governance.
• PSC changes: Track any changes in ownership or control that might affect credit risk profile.
• Business development: Look for evidence of operational activity, new contracts, or asset acquisition.