TIDYFIT LTD

Executive Summary

Tidyfit Ltd is a newly incorporated dormant company with negligible financial activity and minimal net assets. Its lack of trading history and cash flow prevents a reliable assessment of creditworthiness, leading to a recommendation to decline credit at this time. Future monitoring should focus on commencement of trading and financial performance development.

TIDYFIT LTD - Analysis Report

Company Number: 14673658

Analysis Date: 2025-07-29 15:04 UTC

1. Credit Opinion: DECLINE
   Tidyfit Ltd is a very recently incorporated private limited company (incorporated February 2023) classified as dormant with minimal financial activity and negligible net assets (£100). The company has no trading history or revenue data, making assessment of its ability to service debt impossible. With no profit and loss figures and extremely limited cash resources, it lacks demonstrated capacity to meet financial obligations. The company’s director and shareholder structure shows some control concentration but no evidence of financial strength or operational track record. Therefore, credit approval is not recommended at this stage.

2. Financial Strength:
   The balance sheet as of 29 February 2024 reports current assets comprising solely of £100 cash, with shareholders’ funds also at £100. There are no liabilities or fixed assets recorded. The company’s dormant status means it has not engaged in commercial activities or generated revenue. The equity base is minimal and insufficient to support any meaningful borrowing or absorb financial shocks. Overall, the financial position is extremely weak and does not demonstrate any foundation for credit extension.

3. Cash Flow Assessment:
   Cash on hand is nominal (£100), with no reported inflows or outflows from trading activities due to dormant status. The lack of operating cash flow and working capital implies the company cannot currently cover expenses, repay debt, or manage liquidity risks. There is no evidence of cash generation capability or financial reserves to mitigate downturns or delays in receivables.

4. Monitoring Points:

• Review future filed accounts for commencement of trading and revenue generation.
• Monitor working capital development and cash flow statements once trading begins.
• Watch for any increase in net assets and equity through retained profits or capital injections.
• Follow director changes or PSC shifts that might indicate restructuring or control issues.
• Assess timeliness of filing statutory returns and accounts to gauge management reliability.