Company Number: 13526814

Analysis Date: 2025-07-20 18:36 UTC

1. Credit Opinion: DECLINE
   SBS (WAREHOUSING & LOGISTICS) LTD is a dormant company with no trading activity reported since incorporation in 2021. The company’s financials show negligible assets (£2 cash and net assets), indicating no operational or revenue-generating activity. There is no evidence of cash flow or profitability to support servicing debt or credit facilities. Given the lack of trading history and financial substance, extending credit would be high risk.

2. Financial Strength:
   The balance sheet reveals minimal financial substance with net assets of only £2, comprising share capital of 2 ordinary shares at £1 each and £2 cash at bank. No fixed or current assets, liabilities, or reserves are reported. The company falls under the dormant account category, confirming no material financial transactions or business operations during the reporting period.

3. Cash Flow Assessment:
   Cash resources are limited to £2, reflecting a complete absence of operating cash flow. No working capital or liquidity is available to meet financial obligations. The company’s dormant status means no income or expenses have been recorded, so there is no cash flow to analyze or rely upon.

4. Monitoring Points:

• Monitor if the company transitions from dormant to active trading and files full accounts reflecting operational performance.
• Review updated financials if available in future filings to assess emergence of cash flows or assets.
• Watch for any changes in ownership or director appointments that could indicate a change in business strategy or financial backing.
• Confirm timely submission of statutory filings to avoid compliance issues.