SIMCOOL REFRIGERATION GMBH LTD

Executive Summary

SIMCOOL REFRIGERATION GMBH LTD is a newly formed dormant company with no trading history or meaningful financial activity. Its balance sheet and cash position are minimal, providing no evidence of creditworthiness or ability to service debt. Credit approval is not recommended at this stage; future review should follow once operational data becomes available.

SIMCOOL REFRIGERATION GMBH LTD - Analysis Report

Company Number: 15204956

Analysis Date: 2025-07-29 19:24 UTC

1. Credit Opinion: DECLINE. SIMCOOL REFRIGERATION GMBH LTD is a newly incorporated private limited company (incorporated October 2023) with dormant status and minimal financial activity to date. The latest financials show nominal cash of £100 and net assets of £100, representing only issued share capital. There is no trading history or revenue, so the company has no demonstrated ability to generate cash flow or service debt. The absence of operational financial data precludes any meaningful assessment of repayment capacity or business resilience. Therefore, the company does not currently meet criteria to support credit extension.

2. Financial Strength: The balance sheet is extremely limited, showing only nominal share capital and cash of £100, with net assets identical at £100. There are no fixed or current assets beyond cash, no liabilities, and no equity reserves or retained earnings. This reflects a dormant company with no trading or financial operations to date. The financial position is essentially a start-up shell without operational substance or financial depth.

3. Cash Flow Assessment: With cash holdings at £100 and no reported income or expenses, there is no available information on cash flow generation or working capital management. The company is not trading, so it has no operating cash inflows or outflows. This lack of liquidity and absence of operational cash flow means it cannot service debt or meet financial obligations beyond its minimal capital.

4. Monitoring Points:

• Monitor future filed accounts for commencement of trading activity and revenue generation.
• Watch for positive cash flow statements and working capital improvement.
• Track any changes in directors or ownership that might indicate strategic shifts.
• Review credit application only once at least one full year of trading accounts is filed.
• Observe any overdue filings or compliance issues.