WORKBASE SYSTEMS LTD

Executive Summary

WORKBASE SYSTEMS LTD is a newly incorporated dormant entity with no trading activity or financial history. The company’s balance sheet is minimal, showing only nominal share capital and no assets or liabilities, indicating no capacity to service debt. Credit approval is declined until substantive business activity and financial performance are demonstrated.

WORKBASE SYSTEMS LTD - Analysis Report

Company Number: 13949100

Analysis Date: 2025-07-20 14:18 UTC

1. Credit Opinion: DECLINE
   WORKBASE SYSTEMS LTD is a dormant company with no recorded trading activity or financial transactions since incorporation in 2022. The latest accounts confirm zero assets, liabilities, revenues, or expenses, indicating no operational history or cash generation ability. There is no evidence of financial performance or cash flow to support servicing any debt or credit facilities. Without trading history or financial strength, the company cannot reliably demonstrate repayment capacity.

2. Financial Strength:
   The balance sheet shows net assets of £1, comprised solely of called-up share capital not paid. There are no fixed or current assets, no liabilities, and no working capital. This minimal equity base reflects a startup entity that has not commenced operations. The absence of tangible or liquid assets means the company has no financial buffer or collateral.

3. Cash Flow Assessment:
   No cash or current assets are reported, and there are no current liabilities. The company is dormant, so there is no operating cash flow or working capital cycle to assess. Liquidity is effectively non-existent, and the company cannot generate cash internally or externally at this stage.

4. Monitoring Points:

• Monitor for commencement of trading and filing of subsequent accounts showing revenue and expenses.
• Watch for any increase in assets, especially cash or receivables, indicating operational activity.
• Track director filings and any changes in ownership or control.
• Review credit applications only after evidence of trading history and positive cash flow is established.