SWITCH ON CONNECTIONS LIMITED

Executive Summary

Switch On Connections Limited is a newly formed dormant entity with no trading activity and minimal financial substance, reflected by a balance sheet showing only initial share capital. The company currently lacks the financial capacity to support credit facilities, as there is no evidence of cash flow, profitability, or operational history. Credit approval is not recommended until the company demonstrates active trading and financial stability in future reporting periods.

SWITCH ON CONNECTIONS LIMITED - Analysis Report

Company Number: 14718583

Analysis Date: 2025-07-29 18:01 UTC

1. Credit Opinion: DECLINE
   Switch On Connections Limited is a newly incorporated private limited company with dormant status and minimal financial activity. The latest accounts show only £100 in cash and net assets, reflecting share capital with no trading history or revenue. There is no evidence of operating cash flow, profitability, or financial resilience. Given the absence of trading results and financial substance, the company currently lacks the capacity to service any credit facility or debt obligation.

2. Financial Strength:
   The balance sheet is extremely thin, showing only the initial share capital of £100 and no other assets or liabilities. No fixed or current assets exist beyond nominal cash, and no retained earnings or reserves are reported. This indicates the company has not yet commenced trading or built any financial buffer. The net asset position is positive but negligible, providing no cushion against business risk or downturn.

3. Cash Flow Assessment:
   Cash balances stand at £100, essentially the initial share capital, with no reported operational cash inflows or outflows. There is no working capital to support ongoing business activity. The dormant status means the company has not generated revenue or incurred expenses, resulting in no evidence of liquidity or cash flow management capability.

4. Monitoring Points:

• Trading commencement and revenue generation: Monitor the next set of accounts for active trading and income streams.
• Cash flow development: Look for positive operational cash flow and working capital position in future filings.
• Profitability trends: Assess emerging profit or loss data to gauge sustainability.
• Director and ownership stability: Monitor any changes in directorship or control that could impact governance or credit risk.
• Timely filing of accounts and confirmation statements: Continued compliance is essential to maintain transparency.