TLPD LIMITED
Company number 00032352 · 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.
Commercial Credit Assessment: TLPD LIMITED
1. Credit Opinion: DECLINE
TLPD LIMITED is a dormant shell company with no trading activity, negligible assets, and zero revenue generation capacity. The company cannot service any debt obligations from its own resources and presents an unacceptable credit risk on a standalone basis. Any credit facility would require a parent company guarantee from Ashflame Properties Limited to be considered viable.
The company has been dormant for an extended period, with net assets of just £1 consistently from 2021 through 2025. The filed accounts explicitly claim exemption under Section 480 of the Companies Act 2006 for dormant companies, confirming no trading activity.
2. Financial Strength: Minimal
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Net Assets | £1 | £1 | £1 | £1 | £1 |
| Cash | £1 | £1 | — | — | — |
| Shareholders' Funds | £1 | £1 | £1 | £1 | £1 |
Analysis: - Balance sheet is essentially empty: The only asset is £0.50 cash, matching the single issued ordinary share of £0.50 - No fixed assets, no debtors, no stock: The company holds no operational assets whatsoever - No liabilities recorded: While this appears positive, it reflects complete inactivity rather than prudent liability management - No P&L reserve accumulation: Confirms no retained profits have ever been generated under current dormant status - Share capital of £0.50: The minimum possible for a private limited company, indicating no capital investment
The historical name changes (F.H. Lloyd & Co. → Triplex Properties → Triplex Lloyd Properties → Triplex Lloyd Property Developments → TLPD) suggest this was once an active trading entity in the real estate sector, but it has been wound down to a shell, with the last name change occurring in 1998.
3. Cash Flow Assessment: Non-Existent
There is no cash flow to assess. The company has:
- Zero revenue: Dormant status confirms no trading income
- Zero operating costs: No payroll, no premises costs, no professional fees beyond minimal filing compliance
- Zero working capital requirement: No trade debtors or creditors
- No investment activity: SIC code 68100 (buying and selling of own real estate) is the registered activity, but no property transactions have occurred
The only cash movement would be the annual filing fee for the confirmation statement. The company's £0.50 cash balance is insufficient to cover any meaningful obligation.
Liquidity Position: Technically solvent but practically illiquid. The company cannot meet any financial commitment beyond statutory filing costs.
4. Monitoring Points
If credit were extended with a parent guarantee, the following would require monitoring:
| Metric | Current Status | Risk Level |
|---|---|---|
| Dormant status maintained | Yes - Section 480 exemption claimed | ⚠️ Any change to trading status would require reassessment |
| Filing compliance | Current - accounts filed to Sept 2025 | ✅ Filing history appears current |
| Parent company (Ashflame Properties) | Owns >75%, controls director appointments | ⚠️ Creditworthiness entirely dependent on parent |
| Director conduct | No disqualifications identified | ✅ Sir Anthony Gallagher and Geoffrey Gosling listed |
| Share capital | £0.50 minimum | ⚠️ No buffer for any unexpected liabilities |
Key Risks: - Reactivation risk: If the company resumes trading, it would start with negligible capital and no established trading history under current structure - Group structure opacity: Ashflame Properties Limited's financial position would need full assessment if guarantee required - Historic liabilities: As a company incorporated in 1890 with multiple name changes, there may be latent contingent liabilities not visible in dormant accounts