Company Number: 13916048

Analysis Date: 2025-07-29 18:57 UTC

1. Credit Opinion: DECLINE
   TESS MOTORCYCLES LIMITED is an early-stage company incorporated in 2022, currently classified as dormant with minimal financial activity and no trading history. The latest filed accounts show very limited assets (£2,151 net assets) and no employees or revenue reported. The lack of operating history and negligible financial scale present a high risk profile with no demonstrated ability to generate cash flow or service debt obligations. Directors have recently changed, but there is no evidence of established management track record or financial stewardship. Given these factors, the company does not currently meet the criteria for credit approval.

2. Financial Strength:
   The balance sheet is extremely thin with net assets of only £2,151 as of 29 February 2024, down from £4,601 the previous year. Current assets comprise a small cash balance and no fixed assets reported in the latest year. There are no liabilities recorded, indicating no current debt burden, but also no meaningful equity buffer. The company is classified as dormant and reports no employees, which aligns with minimal operational activity. Overall, the financial position is weak due to the very small asset base and lack of trading history.

3. Cash Flow Assessment:
   There is no reported cash flow or profit and loss data since the company is dormant and prepares abridged accounts. The minimal current assets represent petty cash or nominal receivables rather than sustained working capital. The absence of employees and trading activity indicates no ongoing revenue generation or cash inflows. Without operating cash flows or working capital, the company’s liquidity position is insufficient to support any credit facility or repayment capacity.

4. Monitoring Points:

• Monitor future filings for the commencement of trading and receipt of revenue.
• Review subsequent accounts for evidence of cash generation, profitability, and working capital improvements.
• Track changes in director composition and management experience to assess governance stability.
• Watch for any related party transactions or capital injections that improve financial strength.
• Verify that statutory filings remain current to avoid compliance risks.