SPRINGBANK ENERGY STORAGE PARK LIMITED

Executive Summary

Springbank Energy Storage Park Limited is an early-stage dormant entity with negligible financial data or operational history, showing no capacity to service debt independently. The company’s financial position is minimal with only nominal equity and assets. Credit exposure cannot be justified at this stage without evidence of trading activity or financial support from its parent group.

SPRINGBANK ENERGY STORAGE PARK LIMITED - Analysis Report

Company Number: 15077788

Analysis Date: 2025-07-20 15:48 UTC

1. Credit Opinion: DECLINE
   Springbank Energy Storage Park Limited is a newly incorporated private limited company (incorporated August 2023) classified as dormant with minimal financial data and no trading activity evidenced to date. The company’s balance sheet shows nominal assets and equity (£1) and negligible current assets. There is no revenue, profit, or cash flow data to support its ability to service debt or meet commercial obligations. The company is wholly controlled by Downing Renewable Developments LLP, indicating it is likely a special purpose vehicle within a larger group. Given the absence of operational financial history, trading performance, or liquidity, it is premature to extend credit facilities without substantive business activity or financial backing demonstrated.

2. Financial Strength:
   The company’s financial strength is minimal. It holds virtually no assets aside from £1 debtor balance and nominal share capital. Net current assets equal £1, reflecting no working capital buffer. There are no retained earnings or reserves, and the balance sheet does not show any liabilities. The dormant status confirms no material transactions or income have occurred. As such, the balance sheet provides no evidence of financial robustness or capacity to absorb shocks.

3. Cash Flow Assessment:
   There is no reported cash flow or working capital beyond the nominal share capital and £1 debtor entry. With no employees, operations, or income streams, liquidity is effectively non-existent. The company would rely entirely on capital injections or intercompany funding from its parent for any cash requirements. This lack of independent cash flow severely limits its ability to meet payment obligations or debt servicing.

4. Monitoring Points:

• Activation of trading operations and first signs of revenue or expenditure.
• Filing of full financial accounts with profit and loss data in future periods.
• Changes in working capital, cash balances, and any financing arrangements.
• Parent company financial health and support capacity given the company’s SPV nature.
• Director or management changes that might indicate strategic shifts.