Company Number: 14678607

Analysis Date: 2025-07-29 12:32 UTC

1. Credit Opinion: DECLINE. SPACE FLEA LTD is a newly incorporated private limited company classified as dormant, with minimal financial activity and negligible assets (£1 net assets, £1 cash). It has not generated any revenue or operational cash flow, indicating no current ability to service debt or credit facilities. The absence of financial history and operational performance precludes a positive credit assessment at this stage.

2. Financial Strength: The company’s balance sheet is extremely weak, showing only nominal share capital (£1) and equivalent net assets. There are no fixed or current assets beyond £1 cash, no liabilities, and no shareholders' funds beyond initial share capital. The dormant status confirms no trading activity or financial transactions in the reported period.

3. Cash Flow Assessment: With only £1 in cash and no reported income or expenses, the company has no working capital or liquidity to support business activities or debt servicing. There is no evidence of cash inflows, accounts receivable, or inventory that would indicate operational liquidity.

4. Monitoring Points:

• Track future accounts filings for commencement of trading and revenue generation.
• Monitor cash flow statements once operational to assess liquidity.
• Review director and PSC changes for any shifts in company control or management strategy.
• Watch for overdue filings or notices of insolvency or liquidation.