CLARSON GOFF (F3D) LIMITED

Financial Health Assessment: CLARSON GOFF (F3D) LIMITED

1. Financial Health Score: F

Explanation: An 'F' grade typically indicates severe financial distress, but in this case, it reflects the fact that the "patient" is deceased. The company has ceased trading, has zero operational activity, and is currently in the process of being struck off the register. This is not a recovery scenario; it is a planned corporate termination.

2. Key Vital Signs

• Pulse/Heartbeat (Trading Status): Flatline. The latest accounts explicitly state: "The company has ceased to trade and therefore the directors intend to wind up the company." There is no operational heartbeat remaining.
• Blood Circulation (Cash & Current Assets): £0. The company has no cash in the bank and no current assets. The financial circulation has completely stopped, with all residual working capital drained from the entity.
• Body Mass (Total Assets & Liabilities): £0. The 2024 balance sheet shows zero assets and zero liabilities. All intercompany balances (amounts owed to and from the parent group, F3Group Limited) have been cleared, leaving a completely empty corporate shell.
• Net Worth/Equity (Vitality Reserves): £0. Share capital stands at £2,257,900, but this is perfectly offset by an accumulated profit and loss deficit of (£2,257,900). The patient has zero net vitality.
• Corporate Status: Active - Proposal to Strike off. This is the legal equivalent of a death certificate being processed. The directors have applied to remove the company from the official register.

3. Diagnosis

Terminal Corporate Decline (Pre-Mortem State)

The financial data reveals a company that has undergone a controlled wind-down. Looking at the historical trajectory, the business was healthy a decade ago (in 2014, total assets were £1.13m with net assets of £955k). However, over the subsequent years, the company slowly hemorrhaged value, with accumulated losses eventually consuming the entire share capital base.

By the end of 2024, the parent company (F3Group Limited) effectively performed a corporate "autopsy cleanup," writing off the remaining intercompany debts (both £550 owed by the group and £2,250 owed to the group). This left the company completely hollowed out. The entity is currently a dormant shell waiting for the legal dissolution process to conclude. The lack of assets, liabilities, or cash is not a symptom of sudden distress, but rather the result of a deliberate and tidy closure procedure.

4. Recommendations

• Do Not Resuscitate: No financial rehabilitation is required or possible. The company has fulfilled its lifecycle and should be allowed to dissolve peacefully.
• Monitor the Dissolution: Ensure that the striking-off process completes without interruption. Any objections from creditors could pause the process, though with zero liabilities, this is highly unlikely.
• Final Record Keeping: The directors (Gavin John Gleave and David William Richard Clarson) should ensure that all statutory books and final records are securely archived for the legally required period (typically 6 years from the date of dissolution) in case of any future retrospective queries from HMRC or other parties.
• Address the P&L Deficit: While the net equity is zero, the Companies House records still show a massive £2.257m deficit in the P&L reserve offsetting the share capital. As the company is being struck off, this requires no immediate cash action, but directors should ensure the final corporate tax return (CT600) accurately reflects the cessation of trade and clearance of intercompany balances to avoid any future inquiries from HMRC.