BONEFIDE LTD

Executive Summary

BONEFIDE LTD is currently a dormant company with minimal financial activity, reflecting a stable but inactive financial condition. It exhibits no signs of distress but also lacks operational momentum. To improve its financial health, the company should focus on commencing trading activities and establishing robust financial management practices.

BONEFIDE LTD - Analysis Report

Company Number: 14616144

Analysis Date: 2025-07-29 18:47 UTC

Financial Health Assessment for BONEFIDE LTD

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1. Financial Health Score: D

Explanation:
BONEFIDE LTD is a newly incorporated private limited company classified as dormant. Its financial indicators show minimal activity, with net assets and shareholders' funds of only £1, reflecting the initial share capital. The company has no recorded trading or operational financial history yet. This is typical for a dormant entity but indicates no current financial robustness or operational traction.

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2. Key Vital Signs

Metric	Value	Interpretation
Company Status	Active	Legally operating but dormant
Account Category	Dormant	No significant financial transactions during the year
Net Assets	£1	Minimal asset base; essentially just share capital
Shareholders’ Funds	£1	Equity equals share capital; no retained earnings
Filing Compliance	Up to date	Accounts and returns filed on time; good compliance
Director Ownership	75-100%	Single major shareholder/director, clear control
SIC Codes	62090, 62012	IT service activities; potential for future trading

Interpretation:
The vital signs resemble a patient in a state of rest or inactivity—no current symptoms of financial stress or growth. The company shows good "administrative health" with timely filings but lacks operational "heartbeats" such as revenue, expenses, or assets beyond the nominal share capital.

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3. Diagnosis

BONEFIDE LTD is in a dormant state, meaning it has not commenced trading or operational activities that generate financial data beyond its initial setup. This is common for new companies that may be in the early stages of development or awaiting business launch. The financial "symptoms" show an extremely low activity level, which while not a sign of distress, indicates no current business momentum or cash flow.

The company's financial position is stable in the sense that there are no liabilities or accumulated losses—similar to a patient resting without illness but also without active exercise or growth. The sole director and major shareholder maintain control, which can be an advantage in decision-making agility.

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4. Recommendations

• Commence Trading or Operational Activities: To move from dormancy to active business, initiate income-generating activities to build financial strength.
• Monitor Cash Flow & Working Capital: Once trading begins, ensure healthy cash inflows to avoid liquidity "symptoms" such as delayed payments or inability to cover short-term liabilities.
• Maintain Regulatory Compliance: Continue timely filing to avoid penalties and maintain good standing.
• Develop Financial Reporting: As trading begins, prepare for more comprehensive financial records to track performance and diagnose issues early.
• Consider Business Planning: Engage in strategic planning to identify growth opportunities and capital requirements, ensuring the company’s "vital signs" improve from dormancy to vitality.

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