TOKENGER LIMITED

Executive Summary

TOKENGER LIMITED shows a drastic decline in financial position with zero net assets and no working capital as of June 2024, indicating inability to support credit. The company’s financial health has deteriorated sharply since prior years, raising concerns over operational viability and repayment capacity. Given the absence of financial resources, credit facilities cannot be supported at this time.

TOKENGER LIMITED - Analysis Report

Company Number: 13438242

Analysis Date: 2025-07-20 17:25 UTC

1. Credit Opinion: DECLINE. The company’s most recent financials show zero assets, zero liabilities, and zero shareholders’ funds as of June 2024, indicating no operational activity or capital. This represents a sharp deterioration from prior years where it showed modest net assets. The lack of current assets and equity undermines its ability to service any credit facilities. There is no evidence of revenue generation or financial resilience.

2. Financial Strength: The balance sheet as of June 2024 is essentially nil, with no fixed or current assets and no liabilities, resulting in net assets of zero. Previously, the company had net assets of £22,152 with some fixed and current assets and limited current liabilities, but these have been fully depleted or written off. The micro-entity status and minimal share capital (£1) further indicate a very small scale operation.

3. Cash Flow Assessment: There is no reported current assets or liabilities in the latest year, suggesting no working capital or cash resources. The drop from £18,200 current assets and £5,400 current liabilities to zero in one year signals either cessation of trading or a complete write-down of operating resources. Without cash or working capital, the company is unable to meet short-term obligations or fund ongoing operations.

4. Monitoring Points:

• Verify the reasons for the complete depletion of assets and equity in the most recent year.
• Monitor any filed accounts or director reports for signs of resumed trading or capital injection.
• Watch for director changes or signs of insolvency proceedings.
• Assess any future financial statements for recovery in asset base or cash flow generation.