TOBERMORY MARINE POWER LTD

Executive Summary

Tobermory Marine Power Ltd is a dormant private limited company with negligible financial activity and assets limited to £1. There is no trading history or cash flow, making the company unable to service any credit facility at this time. Credit approval is declined until demonstrable operational and financial improvements occur.

TOBERMORY MARINE POWER LTD - Analysis Report

Company Number: SC680690

Analysis Date: 2025-07-29 20:33 UTC

1. Credit Opinion: DECLINE. Tobermory Marine Power Ltd is a dormant company with minimal financial activity since incorporation in 2020. The accounts show nominal assets (£1) and no trading history or revenues. There is no evidence of operational performance, cash inflows, or profitability to support debt servicing. The company lacks financial substance and business activity, posing a high credit risk.

2. Financial Strength: The balance sheet is extremely limited, showing only £1 in current assets and net assets, with no liabilities reported. Shareholders funds also stand at £1, indicating no capital investment beyond the nominal share capital. The dormant status means no fixed assets, receivables, or inventories exist. Overall, the financial position is negligible and not indicative of a going concern.

3. Cash Flow Assessment: No cash flow data or working capital is available beyond the minimal current assets of £1. The company’s dormant nature implies no operating cash inflows or outflows, and thus no liquidity to support repayment obligations or operational expenses. This absence of cash flow capacity is a key credit weakness.

4. Monitoring Points:

• Monitor for any change from dormant to active trading status with filed accounts showing revenue and profitability.
• Watch for capital injections or significant asset acquisitions that would improve financial strength.
• Observe director changes or new appointments that may signal a strategic shift.
• Review timely filing of accounts and returns to ensure compliance and transparency.