ROGER LASCELLES CLOCKS LIMITED
Company number 06622788 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Analysis: ROGER LASCELLES CLOCKS LIMITED
1. Credit Opinion: DECLINE
This application must be declined. The company has been dormant since incorporation in 2008 with no trading activity whatsoever. Total assets consist solely of £1 in share capital, with no revenue generation, no cash flow, and no operational footprint. A dormant shell entity cannot service debt obligations or demonstrate any capacity to honor commercial commitments. Additionally, the company's website domain appears to be compromised, displaying unrelated Indonesian gambling content, which raises serious concerns about operational oversight and potential misuse of the corporate vehicle.
2. Financial Strength
Assessment: Negligible
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | £1 | £1 | £1 |
| Net Assets | £1 | £1 | £1 |
| Shareholders' Funds | £1 | £1 | £1 |
| Cash | £1 | £1 | £1 |
- Balance sheet is effectively empty — the £1 represents only the nominal issued share capital
- No trading assets, no debtors, no stock, no creditors
- Zero leverage only because there are zero liabilities, not from any strength
- The company has filed under the dormant company exemption (Section 480, Companies Act 2006) and confirms it has never traded (frs-bus:EntityHasNeverTraded)
- Share capital of £1 provides no cushion for any commercial obligation
Conclusion: The balance sheet cannot support any credit facility. There is no capital base from which to absorb losses or service debt.
3. Cash Flow Assessment
Assessment: Non-existent
- No revenue has ever been generated — the P&L account has not been delivered to the Registrar (permitted under Section 444(1))
- No operating cash flow — the company has no trade activity
- No working capital to speak of — net current assets are £1
- No employees — average headcount is NIL for all periods
- No banking relationship can be assessed from available data
Conclusion: Without any trading activity, there is no cash generation capacity. Debt service coverage is undefined/zero. Any loan would have no source of repayment.
4. Monitoring Points & Risk Flags
| Risk Factor | Detail | Severity |
|---|---|---|
| Dormant status | Company has never traded since 2008 incorporation | Critical |
| Compromised website | Domain rogerlascelles.com displays Indonesian gambling content ("Tribun855") — unrelated to clocks or business support services | Critical |
| PSC structure | Both PSCs claim >75% shareholding — this appears inconsistent and may warrant clarification | Moderate |
| Name change | Original name "Lagore Limited" changed within 3 months of incorporation — may indicate the shell was acquired for a purpose that never materialized | Low-Moderate |
| SIC mismatch | Registered SIC 82990 (business support services) does not align with the "clocks" trading name | Low |
| No employees | Zero headcount throughout entire history | Critical |
| Minimal capital | £1 share capital provides no commitment from shareholders | High |
Key Concern — Website Compromise: The website content strongly suggests the domain has been hijacked or repurposed for unauthorized gambling promotion. This raises questions about: - Whether directors are actively monitoring the company's digital assets - Potential reputational risk for any entity associated with this company - Whether the company is being maintained for legitimate purposes
Summary
This dormant company has no financial substance, no trading history, and no capacity to service any credit facility. The suspicious website content and inconsistent PSC declarations further undermine confidence in the entity's governance. No lending proposition based on this company's standalone creditworthiness should be entertained.