BLUEBASKET LIMITED

Executive Summary

BLUEBASKET LIMITED is currently dormant with nominal cash and equity, showing no trading activity since incorporation. The company’s financial health is neither strong nor weak but inactive, akin to a patient in remission. To improve financial wellness, the company should consider commencing operations or maintain compliance if dormancy continues.

BLUEBASKET LIMITED - Analysis Report

Company Number: 14222936

Analysis Date: 2025-07-20 12:02 UTC

Financial Health Assessment of BLUEBASKET LIMITED

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1. Financial Health Score: F (Dormant Status)

Explanation: BLUEBASKET LIMITED is classified as a dormant company, showing minimal financial activity with virtually no operational transactions. The company's financial statements reflect only a nominal cash balance (£1) and net assets (£1), indicating no active trading or revenue generation. This status inherently limits the ability to assess operational financial health or growth potential.

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2. Key Vital Signs

Metric	Value	Interpretation
Cash Balance	£1	Virtually no liquidity; indicates no active cash flow
Net Assets	£1	Minimal asset base; no investments or operational assets
Shareholders’ Funds	£1	Equity consists solely of the nominal share capital
Account Category	Dormant	No significant financial transactions during the year
Company Status	Active	Registered and legally operational, but non-trading
Director Ownership	75-100% owned	Single controlling owner; full control by director

Interpretation: The financial "vital signs" suggest a company in a state of metabolic rest — akin to a patient in full remission or suspended animation. There is no active business operation generating revenue, expenses, or cash flow. The minimal cash and equity figures reflect the company’s dormancy, with no financial symptoms of growth, distress, or operational activity.

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3. Diagnosis

BLUEBASKET LIMITED is financially dormant, meaning it has not conducted any trading or significant financial transactions since incorporation in July 2022. The company maintains only the statutory minimum cash and share capital of £1. Dormant status exempts it from filing detailed financial accounts or undergoing audits, which explains the absence of operational financial data.

From a financial health perspective, the company shows no symptoms of distress or success because it is effectively inactive. This condition can be normal for newly formed entities that are yet to commence trading, holding companies awaiting future projects, or entities temporarily paused for strategic reasons.

However, the lack of operational activity also means no revenue generation, no expenses, and no asset accumulation, which limits the company’s ability to demonstrate financial vitality or resilience.

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4. Recommendations

• Activate Trading or Operations: To transition from dormancy, the company should initiate trading activities or begin operations aligned with its business plan. This will generate revenue streams and enable meaningful financial performance measurement.

• Maintain Compliance: Continue to file dormant accounts timely if the company remains inactive, avoiding penalties. Ensure confirmation statements and statutory filings are kept current.

• Strategic Planning: If the company is intended as a holding or future project vehicle, develop a clear timeline and business milestones for activation.

• Financial Preparedness: Prepare to build working capital and manage cash flow once operational, as starting active business requires liquidity and financial controls.

• Director Oversight: Given full ownership and director control by Mr Darren Symes, ensure governance practices are in place to monitor company status and compliance.

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