Company Number: 14266374

Analysis Date: 2025-07-29 14:44 UTC

1. Credit Opinion: DECLINE
   WENDIES LIMITED is a very recently incorporated private limited company that filed dormant accounts for the latest financial year ending August 2024. The company generated modest turnover of £20,609 in the prior year but currently reports zero assets, liabilities, or equity. The lack of financial activity and absence of net assets means the company has no demonstrated ability to service debt or credit obligations. The key director recently resigned, leaving one director who is a student, which suggests limited operational experience. The retail industry focus on internet and market sales is competitive, but the company’s financial and operational footprint is minimal. Therefore, the credit risk is high with no proven financial strength or cash flow.

2. Financial Strength:
   The balance sheet shows zero fixed or current assets and zero liabilities for the period ending August 2024, reflecting dormant status. Previously, net assets were only £632 with minimal current assets (£1,131) and current liabilities (£992) in 2023, indicating a very thin capital base. Shareholders’ funds stand at zero most recently. The company’s financial position is extremely weak with no tangible resources or reserves to absorb losses or fund working capital needs.

3. Cash Flow Assessment:
   No reported cash or current assets in the latest accounts, and no turnover or revenue for the most recent 13 months. Working capital is zero, indicating no liquidity to cover short-term obligations. The absence of employees and operational activity further confirms no ongoing cash generation or inflows. The company is effectively non-operational and unable to generate internal funds.

4. Monitoring Points:

• Any change in trading status from dormant to active with updated financials showing revenue, asset growth, and positive working capital.
• Director changes and management qualifications to assess operational capability and financial stewardship.
• Filing of next accounts and confirmation statements on time to maintain compliance.
• Developments in business model or capital injections that would improve financial strength and liquidity.