ASK MACHINERY LTD

Executive Summary

ASK MACHINERY LTD is currently dormant, showing minimal financial activity and only nominal capital on its balance sheet. While compliant with statutory requirements, it lacks operational financial data, resulting in a cautious financial health score of D. The company’s outlook depends heavily on commencing trading and building financial strength through active business and effective governance.

ASK MACHINERY LTD - Analysis Report

Company Number: 14486401

Analysis Date: 2025-07-20 18:25 UTC

Financial Health Assessment of ASK MACHINERY LTD

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1. Financial Health Score: D

Explanation:
ASK MACHINERY LTD is currently dormant with minimal financial activity recorded since its incorporation in November 2022. Its net assets and shareholder funds stand at £1, reflecting the nominal share capital. The absence of trading results in no revenue, profit, or working capital to assess. While the company is compliant with filing requirements and remains active, the lack of operational data limits the ability to grade it higher. Dormant status indicates a "sleeping" financial condition rather than active health or distress, hence a cautious score.

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2. Key Vital Signs

Metric	Value	Interpretation
Status	Active, Dormant	Company is registered and compliant but not trading yet.
Net Assets	£1	Minimal capital; no operational assets or retained earnings.
Shareholders’ Funds	£1	Corresponds to single £1 share; no equity growth.
Filing Compliance	Up-to-date	Accounts and returns filed on time; no penalties or delays.
Industry Classification (SIC)	Wholesale machinery & used car sales	Business scope defined but no trading reported yet.
Director & PSC	Single director/PSC	Sole control by Mr. Khaled Shehab Eddien, ensuring clear governance.

Interpretation:
The company shows no symptoms of financial distress (no liabilities, no losses), but also no signs of financial vitality (no income, no assets). Being dormant is akin to a patient in a medically induced coma—stable but inactive.

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3. Diagnosis

ASK MACHINERY LTD is currently in a dormant state, meaning it has not engaged in business operations or financial transactions during its first financial year. This "hibernation" means there is no cash flow, no revenue generation, and no liabilities or expenses reported. The company’s balance sheet reflects only the nominal share capital of £1, indicating it is essentially a shell at this stage.

The financial "symptoms" suggest the company is either newly established and yet to commence trading, or deliberately kept inactive possibly for future use or tax planning. There are no warning signs such as overdue filings, negative equity, or director disqualifications.

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4. Recommendations

To transition from dormancy to active financial health, the company should consider the following steps:

• Commence Trading or Business Activity: Generate revenue and build operational assets to improve financial "vital signs" such as turnover, working capital, and net assets.
• Maintain Compliance: Continue timely filing of accounts and confirmation statements to avoid regulatory penalties.
• Financial Planning: Prepare budgets and cash flow forecasts to monitor and manage liquidity once trading starts.
• Capital Injection: If necessary, increase share capital or secure funding to support initial operations and fixed assets acquisition.
• Director Oversight: The sole director should ensure robust governance and prepare for the transition from dormant to active status.
• Regular Review: Conduct periodic financial health checks as business activity begins to identify early symptoms of distress or growth opportunities.

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