SPEEDY LOGISTIC PETERBOROUGH LTD

Executive Summary

SPEEDY LOGISTIC PETERBOROUGH LTD is a newly formed entity with minimal financial resources and no trading history, reflected by a virtually nil net asset base and minimal working capital. The company’s fragile liquidity and lack of profitability evidence present significant credit risk, leading to a recommendation to decline credit facilities at this stage. Ongoing monitoring of financial filings and operational performance is essential before reconsidering creditworthiness.

SPEEDY LOGISTIC PETERBOROUGH LTD - Analysis Report

Company Number: 14838134

Analysis Date: 2025-07-29 16:06 UTC

1. Credit Opinion: DECLINE
   SPEEDY LOGISTIC PETERBOROUGH LTD is a newly incorporated private limited company (incorporated May 2023) with minimal financial history and extremely limited working capital. The latest unaudited abridged accounts show net assets of only £1 and negligible cash of £3,598 against current liabilities of £3,597, indicating a very fragile financial position. There is no profit and loss information filed, and turnover or trading performance data is unavailable. The company operates in freight transport by road and construction of domestic buildings, sectors exposed to economic fluctuations. Given the absence of meaningful financial strength, limited operational track record, and sole director/shareholder control, the risk of non-repayment or default is high. Therefore, credit facilities are not recommended at this time.

2. Financial Strength:
   The balance sheet reveals a nominal capital base with net assets of £1, consisting solely of minimal cash offset by nearly equal short-term liabilities. There are no fixed assets or retained earnings. The company’s financial structure is extremely weak, lacking any buffer to absorb operating losses or unexpected expenses. No debt or equity injections beyond initial share capital are evident. This suggests the company is at a very early stage with no proven financial resilience.

3. Cash Flow Assessment:
   Cash on hand is £3,598, just covering current liabilities of £3,597, leaving a working capital of £1. This tight liquidity position signals insufficient cash flow to comfortably meet short-term obligations or support business growth. With only one employee and no reported turnover, the company’s ability to generate operational cash inflows is unproven. This weak cash position poses a high risk for any credit extension.

4. Monitoring Points:

• Future filing of full accounts including profit and loss statements to assess trading performance and profitability.
• Cash flow trends and working capital improvements as the business matures.
• Changes in share capital or external funding injections that could strengthen the balance sheet.
• Director’s conduct and any PSC changes impacting control or governance.
• Timely submission of statutory filings to avoid compliance risks.