TANGIER SECURITY TRUSTEE LIMITED

Executive Summary

Tangier Security Trustee Limited is an early-stage entity with minimal financial activity and nominal net assets, presenting an insufficient financial foundation to support credit risk. The absence of operational history, cash flow, and financial substance leads to a recommendation to decline credit facilities at this time. Future monitoring should focus on operational progress, financial strengthening, and management stability before reconsideration.

TANGIER SECURITY TRUSTEE LIMITED - Analysis Report

Company Number: 14368563

Analysis Date: 2025-07-29 13:35 UTC

1. Credit Opinion: DECLINE
   Tangier Security Trustee Limited is a very recently incorporated private limited company (established in September 2022) with minimal trading history and negligible financial activity. The latest unaudited accounts, covering only a three-month period ending December 2023, show net current assets, net assets, and shareholders' funds of only £1, indicating no substantive capital or operational substance. There is no evidence of revenue generation or profitability, and the company holds no employees. The directors have changed multiple times in a short period, which may indicate instability in management. Given the absence of financial substance, operating history, or demonstrable cash flow, the company currently lacks the financial strength or business resilience to support credit facilities. Therefore, credit approval is not recommended at this stage.

2. Financial Strength:
   The balance sheet is minimalistic, showing only £1 in debtors and net assets. There are no fixed assets, no retained earnings, and no working capital beyond a nominal figure. The company’s equity base is effectively symbolic, and it does not meet any threshold for small or medium enterprise financial scale. The lack of assets and equity means there is no financial buffer to absorb losses or support external financing. This weak balance sheet position is typical for a newly formed company yet to establish operations.

3. Cash Flow Assessment:
   No meaningful cash flow data is available. The accounts indicate no employees and minimal current assets. There is no indication of operating cash inflows or outflows, making liquidity assessment impossible. With no trading history or working capital, the company is not currently generating funds to meet ongoing obligations. The nominal debtor balance of £1 suggests no receivables or income streams. Without cash flow visibility or positive working capital, the company cannot be considered creditworthy.

4. Monitoring Points:

• Monitor the filing of the next full-year accounts for evidence of revenue, profitability, and cash flow generation.
• Watch for stabilization in management/directorship to ensure consistent financial stewardship.
• Review any capital injections or equity increases that strengthen the balance sheet.
• Assess the development of operating activities and presence of working capital to evaluate future debt servicing capacity.
• Confirm no adverse changes to company status or director conduct records.