SULEM LTD

Executive Summary

Sulem Ltd is a dormant startup with minimal financial footprint and no trading history. The absence of operational data and negligible net assets present high credit risk, warranting a decline of credit facilities at this stage. Future review should focus on trading commencement and financial progression to reconsider credit viability.

SULEM LTD - Analysis Report

Company Number: 15113848

Analysis Date: 2025-07-19 12:44 UTC

1. Credit Opinion: DECLINE
   Sulem Ltd is a newly incorporated private limited company classified as dormant with minimal financial activity and negligible net assets (£1). There are no trading results, profits, or cash flow data to evidence operational performance or ability to service debt. Given the absence of financial history, lack of working capital, and no demonstrated business activity, the risk of extending credit is high. Without established trading or financial strength, the company cannot currently support any credit facility.

2. Financial Strength:
   The balance sheet shows current assets of £1 with no liabilities, resulting in net assets and shareholders’ funds of only £1. This reflects a startup entity that has not commenced trading or asset accumulation. The company’s dormant status and micro account classification confirm no business transactions or financial development. There are no fixed assets or reserves to provide a cushion in downturns.

3. Cash Flow Assessment:
   No cash flow or profit and loss data has been reported, which is typical for a dormant company. The company’s liquidity position is effectively nil, with working capital equal to current assets minus current liabilities being £1. This indicates no capacity to generate internal cash or meet operational expenses without external financing.

4. Monitoring Points:

• Confirm commencement of trading in the next accounting period and review subsequent financial statements for revenue, profit, and cash generation.
• Monitor filing of full accounts beyond dormancy, including P&L and cash flow statements for credit assessment.
• Assess changes in net assets and working capital to evaluate operational scale and financial robustness.
• Track management actions regarding capital injections or external financing that may improve liquidity and creditworthiness.