Company Number: 14386366

Analysis Date: 2025-07-29 12:20 UTC

1. Credit Opinion: DECLINE Salboy (SPV CO 3) Limited is a dormant entity with no trading activity, no income, and no expenditures reported for the latest financial year. The company’s sole shareholder is Salboy Limited, which controls 75-100% of the shares and voting rights. Given the absence of operational history, revenue generation, or any financial transactions, this entity lacks independent capacity to service debt or sustain credit facilities. Without evidence of trading or cash flow, extending credit would be high risk.

2. Financial Strength: The balance sheet shows nominal assets of £100 (debtors) matched by an equivalent amount of shareholders’ funds, representing the initial share capital. There are no liabilities, fixed assets or working capital reported, consistent with dormant status. The company’s net asset base is minimal and static with no growth or financial activity. This indicates no financial buffer or strength to absorb shocks or fund operations independently.

3. Cash Flow Assessment: No cash flow activity exists as the company did not trade during the year. There are no current or fixed assets generating cash nor any liabilities requiring servicing. Working capital is effectively zero, as current assets equal £100 debtors with no current liabilities. The company depends entirely on capital injections from its parent, Salboy Limited, for funding. Liquidity is non-existent internally.

4. Monitoring Points:

• Future trading activity or revenue generation to assess emerging credit capacity.
• Parent company financial health, since this SPV relies fully on the parent for funding.
• Any changes in business purpose or operational status from dormant to active.
• Timely filing of accounts and returns to avoid compliance issues.
• Potential related party transactions or guarantees from the parent group.