COVENTRY IT SUPPORT LIMITED

Executive Summary

Coventry IT Support Limited is currently a dormant company with virtually no financial activity or assets, reflecting a state of operational inactivity. While financially stable in the sense of no liabilities or losses, the company lacks revenue generation or growth, and its financial health grade reflects this dormant status. To improve its financial wellness, the company should consider strategic planning for business activation or formally manage its dormant status to avoid unnecessary costs.

COVENTRY IT SUPPORT LIMITED - Analysis Report

Company Number: 12551361

Analysis Date: 2025-07-19 12:25 UTC

Financial Health Assessment: COVENTRY IT SUPPORT LIMITED

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1. Financial Health Score: D

Explanation:
The company is classified as dormant with minimal financial activity, reflected by consistently negligible financial figures (net assets, cash, and shareholders' funds all at £1). This status signals very limited operational engagement or business transactions over multiple years. Although there are no signs of distress such as debts or losses, the financial inactivity indicates no revenue generation or growth. Hence, the financial health is weak from a business operational perspective, though not distressed financially.

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2. Key Vital Signs

Metric	Latest (2024)	Interpretation
Status	Active	Company is registered and legally operational
Account Category	Dormant	No significant financial transactions during the year
Net Assets	£1	Minimal asset base, no growth or investment
Cash	£1	Virtually no liquid resources
Share Capital	£1	Nominal share capital, indicating no capital injection
Filing Status	Up-to-date	Accounts and returns filed on time
Control	100% owned by single director	Single individual controls the company
Industry SIC Codes	IT support-related	Business sector identified but no operational activity

Interpretation:
The company’s vital signs reveal a "flatline" financial condition—no active trading, no assets beyond nominal, and no cash flow. The company is compliant with regulatory filings, which is positive, but operationally inactive. This is typical of a dormant company maintaining registration without active business.

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3. Diagnosis

The primary "symptom" here is dormancy: the company has had no meaningful financial activity or transactions since incorporation in 2020. The balance sheet is static, showing only the nominal £1 share capital as net assets and cash. There are no liabilities or operational assets, indicating no business operations, revenue, or expenses.

From a financial health perspective, this is akin to a patient in a medically induced coma—alive in legal terms but inactive and not generating any economic benefit. This is not a sign of financial distress but rather a lack of operational engagement.

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4. Recommendations

• Assess Business Intentions: If the company owner intends to commence or restart trading, a clear operational and financial plan should be developed, including capital investment and revenue targets.

• Capital Injection: To support future operations, consider increasing share capital or securing funding to build working capital and invest in growth.

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

• Review Dormant Status: If ongoing inactivity is deliberate (e.g., holding company or asset protection), ensure this status is managed properly and consider formal dissolution if no future activity is planned to avoid unnecessary administrative costs.

• Financial Planning: Once activities begin, establish robust financial controls and reporting to monitor cash flows, profitability, and asset management to avoid future symptoms of financial distress.

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