Company Number: 13670267

Analysis Date: 2025-07-20 14:40 UTC

1. Credit Opinion:
   DECLINE. Thermotech Consultancy Ltd is a dormant private limited company with minimal financial activity. The latest accounts show nominal net assets of only £100 and no operating income or expenses reported. There is no evidence of trading or cash generation capacity, which means the company currently has no ability to service debt or meet payment obligations. Without trading history or financial performance, extending credit would carry high risk.

2. Financial Strength:
   The balance sheet is minimal and static, with net assets equal to the issued share capital of £100 for the last two years. The company’s net current assets and cash position are not disclosed in the 2023 accounts, but the 2022 data showed only £1,961 in cash and current liabilities of £1,839, resulting in a marginal working capital of £122. This reflects a very weak financial base and no retained earnings or reserves. The company’s dormant status means it has not engaged in business activities, so no asset accumulation or profitability is evident.

3. Cash Flow Assessment:
   As a dormant entity, there are no operating cash flows. The last reported cash balance was minimal and just above current liabilities, indicating no liquidity cushion. The absence of trading means no revenue inflow or operational cash generation. The company’s ability to meet short-term obligations or fund operations without external capital injection is non-existent.

4. Monitoring Points:

• Monitor any changes in trading status or filing of active accounts indicating commencement of operations.
• Watch for improvements in net assets and working capital once trading begins.
• Review director appointments and any indications of business plan or funding sources.
• Confirm timely filing of statutory accounts and confirmation statements to assess compliance and ongoing viability.