DIAMOND SKILLS CARE LIMITED

Executive Summary

DIAMOND SKILLS CARE LIMITED is currently dormant with minimal financial activity, reflecting a stable but inactive financial state. The company's financial health is limited due to lack of operations and cash flow, necessitating activation plans or strategic reassessment to improve business viability. Continued compliance is maintained, providing a solid base for future growth or orderly closure.

DIAMOND SKILLS CARE LIMITED - Analysis Report

Company Number: 13676702

Analysis Date: 2025-07-20 15:28 UTC

Financial Health Assessment for DIAMOND SKILLS CARE LIMITED

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1. Financial Health Score: Grade D

Explanation:
This company is currently dormant, showing minimal financial activity and maintaining only a nominal cash balance and net assets of £100. While being dormant is not inherently negative for a new or strategic holding company, the absence of operating revenue, expenses, and meaningful asset or liability transactions indicates limited financial vitality or business activity. The grade D reflects a "symptom-free but inactive" state rather than a flourishing business.

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2. Key Vital Signs

• Dormant Status: The company filed dormant accounts for 2023 with no trading activity, indicating zero operational cash flow and transactions.
• Cash at Bank: £100 — a nominal balance, insufficient for operational needs or investment.
• Net Assets / Shareholders Funds: £100 — corresponds exactly to the nominal share capital; no retained earnings or reserves.
• Account Filing: Up to date, with no overdue accounts or confirmation statements.
• Business Age: Incorporated in October 2021, relatively young.
• Industry: Registered under SIC 88990, social work activities without accommodation, a service sector likely requiring active operational involvement.
• Control: Owned 100% by a single director and shareholder, indicating concentrated control but no external investment or diversification.

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3. Diagnosis

The company is in a dormant state — akin to a patient in a state of rest or hibernation with vital signs stable but no active metabolic processes. This means:

• No Revenue Generation: The company is not currently generating income or incurring expenses, limiting business growth and cash flow.
• Minimal Financial Activity: Only nominal capital is recorded, with no assets or liabilities indicating business operations.
• Low Liquidity: Cash on hand is minimal, reflecting the dormant status.
• No Business Development: The lack of trading activity suggests the business is either in a preparatory phase, holding company status, or inactive due to strategic or external reasons.
• Risk of Inactivity: Prolonged dormancy without a clear plan for activation or growth may lead to irrelevance or eventual dissolution.

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4. Recommendations

• Activate Business Operations: If the intention is to grow, initiate trading activities consistent with the company’s social work mandate—seek contracts, clients, or partnerships.
• Financial Planning: Develop a cash flow forecast and capital injection plan to cover operating expenses once active.
• Monitor Compliance: Continue to file dormant accounts promptly if inactivity persists to avoid penalties.
• Consider Strategic Review: Assess whether maintaining the company dormant meets long-term objectives or if liquidation or sale is appropriate.
• Explore Funding Options: If activation is planned, consider seed funding or grants to support initial expenses.
• Engage Stakeholders: If applicable, bring in advisors or partners to strengthen governance and operational expertise.

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