ABSOLUTE SPRINT LTD

Executive Summary

ABSOLUTE SPRINT LTD is an active but dormant private limited company with minimal financial activity reflected by consistent net assets of £1. The company is compliant with statutory filing requirements but shows no operational revenue or expenses, indicating a hibernating financial status. Strategic review is advised to determine whether to activate, maintain dormancy, or dissolve based on future business plans.

ABSOLUTE SPRINT LTD - Analysis Report

Company Number: 13103484

Analysis Date: 2025-07-20 12:25 UTC

Financial Health Assessment Report for ABSOLUTE SPRINT LTD

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1. Financial Health Score: D

Explanation:
ABSOLUTE SPRINT LTD is classified as a dormant company with minimal financial activity and a consistent net asset value of £1 over the past five years. This reflects a lack of operational transactions, revenue generation, or meaningful financial growth. While not indicating distress or insolvency, the absence of financial movement suggests a company in a "hibernation" state, neither demonstrating financial vitality nor risk.

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2. Key Vital Signs

Metric	Value	Interpretation
Company Status	Active	The company is legally active and compliant with filing requirements.
Account Category	Dormant	No significant financial transactions during the year; minimal financial activity.
Net Assets	£1	Reflects nominal share capital only; no accumulated profits or other assets/liabilities.
Share Capital	£1	Minimal capital invested; typical for dormant companies.
Financial Transactions	None reported	Indicates no operational revenues, expenses, or investments.
Director	Single Director	Mr Paride Contin holds full control and responsibility.
Filing Compliance	Up to date	Accounts and confirmation statements filed on time; no overdue filings or penalties.
Industry Classification (SIC)	Mixed (services)	Registered for multiple service sectors but not operationally active financially.

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3. Diagnosis

ABSOLUTE SPRINT LTD exhibits the "symptoms" of a dormant company—akin to a patient in a medically induced coma or hibernation. The company maintains its legal status and minimal share capital but shows no signs of economic "heartbeat" such as revenue, expenses, assets, or liabilities. This indicates a deliberate choice to keep the entity inactive, possibly for future use, asset protection, or other strategic reasons.

The financial "vital signs" are stable but minimal: net assets and shareholder funds remain at £1, with no operational data reflecting business activity. The company is not in distress or insolvency; it is simply inactive from a financial standpoint. The director exercises full control but has not initiated commercial transactions.

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4. Recommendations

• Evaluate Purpose: The company’s dormant status should be regularly reviewed to ensure it aligns with strategic objectives. If the company is intended to become operational, plans should be developed for capital injection, marketing, and business development to "revive" financial activity.

• Maintain Compliance: Continue timely filing of dormant accounts and confirmation statements to avoid penalties and maintain good standing.

• Consider Closure if Inactive Long-Term: If no operational plans exist, consider formal dissolution to avoid ongoing filing obligations and potential future liabilities.

• Prepare for Activation: If future trading is planned, prepare financial forecasts, capital requirements, and operational strategy to ensure a healthy "financial pulse" when activity resumes.

• Monitor Director Responsibilities: The single director should remain vigilant about compliance duties and potential liabilities even during dormancy.

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Summary

ABSOLUTE SPRINT LTD is financially dormant with no operational activity or financial transactions reported in recent years. It maintains minimal net assets corresponding solely to its nominal share capital and complies with filing requirements. The company currently shows no signs of financial distress but also no signs of active business. Strategic decisions should be made regarding its future use or closure to optimize financial and operational health.