LUXOR AV LTD
Company number 12613687 · 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.
1. Credit Opinion: DECLINE
Luxor AV Ltd is a dormant private company incorporated in May 2020. Filed accounts indicate the entity has never traded and carries net assets of £1, with issued share capital of £1. There is no revenue, no retained earnings, and no asset base from which to service interest or repay principal. The company has no demonstrated payment capability for any credit facility. On the available evidence, the application should be declined.
2. Financial Strength
The balance sheet is nominal. Total assets, net assets, and shareholders’ funds have remained at £1 across the last five reported financial periods (years ending 2021 to 2025). There are no fixed assets, no debtors, no stock, and no material cash balance. Accounts are filed as micro-entity, filleted, and audit-exempt under the dormant companies regime.
Control is concentrated with two persons with significant control—Inicio Holdings Limited and name shown to subscribers—each holding more than 75% of shares and voting rights, with the right to appoint and remove directors. The single current director is name shown to subscribers. The balance sheet provides no equity buffer and no security for a lender.
3. Cash Flow Assessment
The company is dormant and reports nil employees. No profit and loss account is presented in the filleted accounts, and there is no trading cash flow. Cash and current assets have been reported at £1 in prior years, with current assets of £1 at 31 March 2025. Working capital is effectively nil. There is no liquidity to meet debt service obligations, and no headroom for even a modest overdraft or loan repayment.
4. Monitoring Points
- Any change in status from dormant to active trading.
- Any increase in issued share capital or introduction of third-party funding.
- Changes to the PSC register or board composition.
- Timeliness of confirmation statements and annual accounts.
- Registration of any charges or debentures at Companies House.
- Any movement in net assets above the current £1 position.