CROMWELL SOLUTIONS LIMITED
Executive Summary
CROMWELL SOLUTIONS LIMITED is currently a dormant private limited company with minimal financial activity and net assets equal to its nominal share capital. The company shows no signs of financial distress but also no operational vitality. The main recommendation is to decide on activating the business or formally closing it to avoid unnecessary compliance burdens.
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This analysis is opinion only and should not be interpreted as financial advice.
CROMWELL SOLUTIONS LIMITED - Analysis Report
Financial Health Assessment of CROMWELL SOLUTIONS LIMITED
1. Financial Health Score:
Grade: F (Dormant Status)
Explanation: The company is classified as dormant, meaning it has had no significant financial transactions or trading activity since incorporation. This results in minimal financial data available to assess operational health, cash flow, profitability, or growth. The financial health score reflects the absence of active business operations or financial vitality, not necessarily financial distress.
2. Key Vital Signs:
Metric | Value | Interpretation |
---|---|---|
Company Status | Active but Dormant | Legally active but no trading or financial activity recorded. |
Net Assets | £1 | Minimal equity; reflects initial share capital only. |
Share Capital | £1 | Nominal share capital, consistent with dormant status. |
Accounting Records | Dormant Accounts filed | No financial activity; exemption under Companies Act 2006. |
Financial History | No operational data | No revenue, expenses, or assets other than share capital. |
Directors | 1 current director | Single controlling person with full ownership and control. |
Filing Compliance | Up to date | Accounts and confirmation statements filed on time. |
Industry Classification | Bookkeeping activities | Registered SIC code but no trading yet. |
Interpretation:
The company’s vital signs resemble a patient in a medically induced coma — alive but with all vital functions suspended. The minimal financial data and dormant classification imply there are no symptoms of active financial health or distress to analyze.
3. Diagnosis:
CROMWELL SOLUTIONS LIMITED is a dormant private limited company that has not conducted any business or financial transactions since incorporation in mid-2020. The company’s financial statements are minimal, showing only the nominal share capital of £1 and no accumulated profits, losses, or operational assets. This suggests the entity may have been set up as a shell, holding company, or is in a preparatory phase before commencing operations.
There are no symptoms of financial distress such as liabilities, negative equity, or overdue filings. However, the lack of active trading means there is no evidence of cash flow, revenue generation, or profitability.
The director, Nicholas David Jones, holds full control and ownership, indicating centralized governance but no indication of business activity.
4. Prognosis:
If the company remains dormant, its financial health will stay static, with minimal risk but no growth or value creation. The company is in a stable but inactive state, akin to a patient under observation with no active symptoms.
Should the company transition to active trading, its financial health will depend on its ability to generate revenue, manage expenses, and maintain positive cash flow. At that point, monitoring key metrics such as working capital, profitability, and liquidity will be critical.
5. Recommendations:
- Initiate Trading or Close: Decide whether to activate the company’s operations or formally dissolve it if it serves no strategic purpose. Dormancy ties up administrative costs and compliance obligations without business benefit.
- Maintain Compliance: Continue timely filing of dormant accounts and confirmation statements to avoid penalties and maintain good standing.
- Plan Financial Infrastructure: If planning to start trading, prepare by setting up accounting systems to track cash flow, expenses, and revenues from day one.
- Monitor Director Responsibilities: The sole director should ensure compliance with legal duties and consider appointment of additional directors or officers if business complexity grows.
- Review Strategic Purpose: Evaluate if the company structure aligns with business goals or if restructuring would optimize financial and operational efficiency.
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