Company Number: 13587070

Analysis Date: 2025-07-29 13:41 UTC

1. Credit Opinion: DECLINE
   Surf Bay Properties Limited is a dormant private limited company with minimal financial activity. The company shows only £1,000 in cash and net assets consistently over the last three years, indicating no operational income or financial transactions. Without revenue generation, cash flow, or assets beyond initial share capital, there is no evidence of capacity to service debt or meet financial obligations. The dormant status and absence of trading history raise significant credit risk. Approval for credit facilities is not recommended.

2. Financial Strength:
   The balance sheet is very limited, with net assets of £1,000 consisting solely of issued share capital and cash at bank. There are no fixed or current assets beyond cash, and no liabilities reported. The company’s financial position is stable but minimal, reflecting a start-up or holding entity without active business operations.

3. Cash Flow Assessment:
   Cash reserves are nominal at £1,000 and have remained unchanged over multiple reporting periods. There are no indications of operating cash inflows or outflows, which is typical for a dormant company. Working capital position is neutral but effectively meaningless given the lack of trading activity.

4. Monitoring Points:

• Monitor if the company transitions from dormant to active trading, especially any increase in assets, liabilities, or turnover.
• Watch for filing of full accounts if trading begins, to assess profitability and cash flow.
• Observe any changes in ownership or director appointments that may signal business restructuring or operational changes.
• Keep track of compliance with filing deadlines to avoid regulatory issues.