SIMPLY ACCOUNTS & TAX (FELIXSTOWE) LIMITED

Executive Summary

Simply Accounts & Tax (Felixstowe) Limited is a dormant entity with no trading activity or financial substance. Its nominal balance sheet and lack of cash flow make it unsuitable for credit extension at this time. Credit approval is declined until the company demonstrates operational activity and financial viability.

SIMPLY ACCOUNTS & TAX (FELIXSTOWE) LIMITED - Analysis Report

Company Number: 12539222

Analysis Date: 2025-07-20 12:04 UTC

1. Credit Opinion: DECLINE. Simply Accounts & Tax (Felixstowe) Limited is a dormant company with no trading activity or financial performance to assess. The company reports minimal net assets (£1) and cash (£1) consistently over multiple years, indicating no operational business or revenue generation. There is no evidence of ability to service debt or repay credit facilities. Without trading history or financial data demonstrating cash flow or profitability, extending credit is not supportable.

2. Financial Strength: The balance sheet is nominal, showing net assets and shareholders’ funds of £1 across all reported years. No fixed or current assets exist beyond this minimal amount. The company has no liabilities reported, but this reflects inactivity rather than strength. The share capital is also nominal (£1). Overall, the financial position is extremely weak and does not provide a cushion or resource base to support credit risk.

3. Cash Flow Assessment: Reported cash balances are consistently £1, confirming no operating cash inflows or outflows. There is no working capital, no evidence of trade receivables, payables, or inventory—typical of a dormant entity. The absence of cash flow data or liquidity undermines any ability to service debt or meet short-term obligations.

4. Monitoring Points:

• Monitor for change in trading status or filing of non-dormant accounts indicating commencement of business activity.
• Track any increase in net assets, cash balances, or reported revenues.
• Watch for director changes or notifications of company restructuring.
• Confirm ongoing compliance with filing deadlines to avoid regulatory risk.