SS BRIGHT LTD

Executive Summary

SS BRIGHT LTD is a newly formed dormant company with no trading history or financial substance. Given the lack of operating results and minimal balance sheet, the company currently cannot support credit facilities. Credit approval should be deferred until trading commences and meaningful financial information becomes available.

SS BRIGHT LTD - Analysis Report

Company Number: 15102931

Analysis Date: 2025-07-29 18:18 UTC

1. Credit Opinion: DECLINE

SS BRIGHT LTD is a very recently incorporated private limited company (August 2023) that currently holds dormant company status. It has not traded or generated any financial activity as reflected in its dormant accounts for the year ending August 2024, showing only nominal shareholders' funds of £1. No financial history or operating results exist to assess the company’s ability to generate income or service debt. The lack of trading history and any balance sheet substance makes this company unsuitable for credit extension at this stage.

2. Financial Strength:

The balance sheet is minimal with only called-up share capital of £1 and net assets of £1, illustrating no operational assets or liabilities. There are no fixed or current assets, no liabilities, and no retained earnings. This points to no financial strength or buffer to absorb operating risks or economic downturns.

3. Cash Flow Assessment:

As a dormant entity, SS BRIGHT LTD has no cash inflows or outflows, no working capital, and no liquidity to service any debt obligations. The absence of trading activity means no assessment of cash generation or operational cash flow can be performed.

4. Monitoring Points:

• Monitor when the company commences trading or files non-dormant accounts with actual financial data.
• Track any significant changes in shareholder funds or asset base.
• Review director appointments and any business plan or strategy disclosures.
• Watch for timely filing of statutory accounts and confirmation statements.