Company Number: 13910857

Analysis Date: 2025-07-20 13:41 UTC

Financial Health Assessment for FLOORCHARTS LIMITED

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1. Financial Health Score: Grade C

Explanation:
FLOORCHARTS LIMITED is currently a dormant private limited company. The financial data shows minimal activity with net assets and cash balances of only £1 across the last three years, reflecting that the company has not engaged in trading or significant financial transactions. While this is normal for a dormant entity, it also means the company has no operational financial health indicators to assess profitability, liquidity, or solvency. The C grade reflects a neutral position — no symptoms of financial distress but also no indications of business activity or growth.

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2. Key Vital Signs: Critical Metrics and Interpretation

Metric	Value	Interpretation
Company Status	Active/Dormant	Company is active legally but dormant operationally, meaning no trading activity or revenue.
Cash at Bank	£1	Minimal cash reflects no business transactions or cash inflows/outflows.
Net Assets	£1	Net assets equal to nominal share capital, indicating no retained earnings or business value.
Shareholders' Funds	£1	Reflects initial share capital only; no accumulated profits or losses.
Account Category	Dormant	Confirmed by accounts filed under dormant status, exempting from audit and detailed disclosures.
Director and PSC	One director with 75-100% control (James Spokoini)	Single controlling owner; clear governance but limited diversity in management.

Interpretation:
The company essentially exists on paper without active trading or financial transactions. The “vital signs” show a very low metabolic rate — like a patient in a medically induced coma, showing no signs of life but stable and not deteriorating. This is typical for dormant companies that have not yet started operations or are in a holding pattern.

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3. Diagnosis: What the Financial Data Reveals About Business Health

• Dormant Status: The company has not traded since incorporation in February 2022. The accounts confirm exemption under the dormant company regime.
• Minimal Financial Activity: With cash and net assets at £1, the company has neither generated profit nor incurred losses.
• No Operational Risks or Liabilities: No indication of debts, liabilities, or financial distress symptoms such as negative net assets or overdue filings.
• Governance: The company is under the control of one director and majority shareholder, which simplifies decision-making but may limit strategic input.
• Future Activity Unknown: Dormant status can be a strategic choice or a precursor to future trading; however, current data shows no operational momentum.

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4. Recommendations: Actions to Improve Financial Wellness

• If Planning to Trade:

  • Prepare a detailed business plan and financial forecasts to assess funding needs.
  • Open operational bank accounts and start financial record-keeping to enable active trading.
  • Monitor cash flow once operations begin to avoid liquidity issues.
  • Consider appointing additional directors or advisors to broaden governance perspective.

• If Continuing Dormant Status:

  • Maintain compliance with filing deadlines (accounts and confirmation statements) to avoid penalties.
  • Keep the minimal financial and governance infrastructure up to date.
  • Review the strategic purpose of maintaining the dormant company to ensure it aligns with business goals.

• If Considering Closure:

  • Explore voluntary strike-off procedures if the company is no longer needed.
  • Ensure all statutory obligations are met before dissolution.

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Medical Analogy Summary:
FLOORCHARTS LIMITED is currently in a state akin to a patient under observation with no active symptoms—stable but inactive. Its financial “vital signs” indicate no distress but also no signs of growth or operational vitality. The prognosis depends heavily on management’s plans to “revive” the company into active trading or maintain it in dormant status.

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