SKAGYA LTD

Executive Summary

SKAGYA LTD is a dormant newly formed company with no trading history or financial activity, reflected in nominal net assets and cash. Due to the absence of financial performance and liquidity, the company currently does not demonstrate the capacity to service credit facilities. Credit approval is not recommended until the company establishes an operating track record and financial substance.

SKAGYA LTD - Analysis Report

Company Number: 15053754

Analysis Date: 2025-07-20 15:20 UTC

1. Credit Opinion: DECLINE
   SKAGYA LTD is a newly incorporated entity (since August 2023) and has filed dormant accounts indicating no trading activity or financial transactions during its first year. The absence of operating history, revenue, or financial performance data means there is no evidence of an ability to generate cash flow or service debt. The company’s net assets and cash balance are nominal (£1), and it carries no financial track record to assess creditworthiness. Without trading history or financial substance, extending credit poses a high risk.

2. Financial Strength:
   The balance sheet shows only nominal share capital (£1) and cash (£1), with net assets of £1. There are no fixed or current assets, liabilities, or reserves. This indicates that the company has not commenced trading or invested in business operations. Being dormant, it has no equity cushions or tangible assets to support credit facilities. The financial position is extremely weak from a credit perspective.

3. Cash Flow Assessment:
   With a cash balance of £1 and no reported income or expenses, the company has no liquidity or working capital. The dormant status implies no cash inflows or outflows related to trading activity. Thus, there is zero capacity demonstrated to generate operating cash flow to meet any debt or commercial obligations.

4. Monitoring Points:

• Monitor for the next set of filed accounts to detect commencement of trading and financial activity.
• Assess the development of revenue streams and profitability once operations start.
• Watch for any material changes in capital structure or asset base.
• Review director and shareholder updates, especially any changes in control or business strategy.
• Evaluate any forthcoming credit applications with supporting financial evidence.