Company Number: 13062512

Analysis Date: 2025-07-20 12:51 UTC

Financial Health Assessment of GO-PRIVATE GP LIMITED

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1. Financial Health Score: D

Explanation:
GO-PRIVATE GP LIMITED shows clear signs of financial distress. The company has substantial net current liabilities and negative shareholders' funds, indicating insolvency on a balance sheet basis. While the company remains active and supported by related parties, the financial "vital signs" suggest serious underlying challenges. The score D reflects that the company is currently struggling but has potential for recovery if corrective actions are implemented timely.

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2. Key Vital Signs

Metric	2023 Value	Interpretation
Fixed Assets	£247,071	Reasonable level of long-term assets (e.g., medical equipment or property).
Current Assets	£14,741	Very low short-term resources available to meet immediate expenses.
Current Liabilities	£997,958	Extremely high short-term obligations, nearly £1M due within one year.
Net Current Assets (Working Capital)	-£965,403	Severe working capital deficit; company cannot cover short-term debts with liquid assets.
Shareholders' Funds (Equity)	-£718,332	Negative equity indicating liabilities exceed assets; balance sheet insolvency.
Employees	3	Small workforce typical for a micro entity.

Interpretation:

• The "heartbeat" of the company—its working capital—is critically weak, indicating that the company is unable to pay off its immediate debts with available liquid resources.
• Negative shareholders' funds reflect accumulated losses or deficits exceeding the invested capital, akin to a patient with chronic illness that has not been addressed.
• The increase in fixed assets suggests investment or acquisition of long-term assets, which may be a positive sign, but these are overshadowed by massive short-term liabilities.

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3. Diagnosis

GO-PRIVATE GP LIMITED is currently experiencing symptoms of financial distress characterized by:

• Balance Sheet Insolvency: With net liabilities of over £700k, the company’s liabilities exceed its assets, indicating financial instability.
• Severe Liquidity Issues: Negative working capital of nearly £1M means the company lacks a "healthy cash flow" to meet its immediate obligations.
• Dependency on Related Parties: The accounts note that creditors include amounts owed to group companies and a director, who are supporting the company to ensure continued operations. This resembles a patient relying on external care to stay stable.
• Micro Entity Status with Negative Reserves: As a micro entity, the company has minimal filing requirements, but the financial health is poor, suggesting operational challenges or losses since inception (2020).
• Lack of Profit and Loss Disclosure: The omission of the profit and loss account in the filing reduces transparency about operational profitability or losses, making diagnosis less precise but still concerning given the balance sheet figures.

This diagnosis indicates that unless the company improves its liquidity and profitability, it risks insolvency proceedings or further financial deterioration.

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4. Recommendations

To improve financial wellness, GO-PRIVATE GP LIMITED should consider the following steps:

1. Strengthen Liquidity Position:

   • Negotiate with creditors and related parties to restructure or extend short-term liabilities.
   • Explore additional capital injections or loans to provide a "healthy cash flow" and reduce immediate pressure.

2. Improve Operational Profitability:

   • Conduct a detailed review of revenue streams and cost structure to identify opportunities to increase income or reduce expenses.
   • Consider whether fixed assets are efficiently utilized or if some can be liquidated to improve cash.

3. Enhance Financial Transparency:

   • Include full profit and loss accounts in future filings to allow stakeholders to better understand business performance and trends.
   • Improve financial reporting frequency internally to monitor financial health proactively.

4. Risk Management and Contingency Planning:

   • Develop a risk mitigation plan to avoid further financial strain, particularly given the reliance on related parties.
   • Prepare for potential insolvency scenarios to safeguard stakeholder interests.

5. Engage Professional Advice:

   • Seek expert financial advisory to evaluate turnaround options and ensure compliance with solvency and director responsibilities.

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