XPRESS TESTING LIMITED

Executive Summary

XPRESS TESTING LIMITED is a newly formed dormant company with no trading history or financial activity beyond nominal share capital. Its current financial position and lack of operational performance do not support credit extension at this time. Continued monitoring is advised pending commencement of trading and establishment of cash flow.

XPRESS TESTING LIMITED - Analysis Report

Company Number: 15570402

Analysis Date: 2025-07-29 14:25 UTC

1. Credit Opinion:
   DECLINE. XPRESS TESTING LIMITED is a newly incorporated private limited company (March 2024) that has not commenced trading and remains dormant. The financials show negligible activity with only £10 in debtors and no liabilities or operational income. There is no evidence of trading history, revenue generation, or cash flow. The absence of operating activity and financial performance precludes any assessment of repayment ability or business resilience. Extending credit to this entity currently presents a high risk, as it lacks demonstrated capacity to service debt or meet commercial obligations.

2. Financial Strength:
   The balance sheet as of 31 March 2025 shows minimal financial substance with current assets (debtors) of £10 and net current assets of £10, matched by called-up share capital of £10. There are no fixed assets, no liabilities, and shareholders’ funds equal to £10. The company is classified as dormant and has not yet generated any income or profit reserves. This very limited capital base offers no cushion against financial stress or unexpected expenses.

3. Cash Flow Assessment:
   With no revenue, no operational expenditure, and no reported cash or bank balances disclosed, the company’s liquidity position is effectively non-existent. The £10 debtor balance is insignificant and does not indicate ongoing cash inflows. The company’s dormant status means it has no working capital cycle or cash flow to support business operations or debt servicing.

4. Monitoring Points:

• Commencement of trading and revenue generation: monitor future filings for evidence of turnover and profitability.
• Cash balances and working capital: once trading begins, monitor liquidity ratios and debtor/creditor days.
• Director and shareholder activity: any capital injections or financial support from the controlling director.
• Filing compliance: timely submission of accounts and confirmation statements to avoid regulatory risk.