AGRIX LIMITED
Company number SC481817 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Credit Opinion: DECLINE
The company is dormant, holds zero assets, and has no trading activity or income. There is no evidence of cash flow, repayment capacity, or ongoing business operations. The financial trajectory shows a sustained erosion of net assets from £76k in 2020 to nil in 2025 and 2026. Granting credit would carry an unacceptable risk of default.
Financial Strength
- Net assets: £0 at 31 July 2025 and 2026 (vs. £76k in 2020). Shareholders’ funds have been reduced to zero, indicating all equity has been depleted.
- Balance sheet composition: No fixed assets, current assets, or cash reported in the latest two years. The company previously held modest cash and debtors, but these have been fully wound down.
- Capital structure: Only £10 share capital remains. Total liabilities were cleared to zero, which suggests the company may have settled all debts but also disposed of all operating assets.
- Trend: Net assets declined sharply each year from 2020, with the most severe drop between 2024 (£28k) and 2025 (£0). This pattern suggests either sustained losses or distribution of capital to shareholders.
Assessment: The balance sheet offers no buffer for any new borrowing. The company is effectively a shell with no tangible financial strength.
Cash Flow Assessment
- Liquidity: Cash balance zero in 2025/2026. The last positive cash figure was £8k in 2023; this was fully consumed.
- Working capital: Not applicable – no current assets or liabilities exist. The company has ceased trading.
- Debt service capability: With no revenue, no cash, and no assets, there is zero capacity to make interest or principal payments. Any loan would be entirely unsecured with no realistic repayment source.
Assessment: Even a minimal overdraft or short-term facility would represent a high-risk exposure with no demonstrable means of repayment.
Monitoring Points
If credit were to be considered (which is not recommended here), the following would be essential:
- Evidence of new trading activity: Any loan would require a current business plan, confirmed contracts, and a reinstated trading pattern.
- Director personal guarantees: The sole director, name shown to subscribers, would need to provide a full personal guarantee supported by a personal financial statement and credit check.
- Reversal of dormant status: The company must file active accounts showing revenue, cash flow, and positive net assets.
- Explanation for asset depletion: The reason for the decline from £76k to zero (e.g., dividend payments, losses, or asset transfers) needs to be fully understood.