HARLEQUIN NEW HOMES (WEYBRIDGE) LIMITED

Executive Summary

Harlequin New Homes (Weybridge) Limited has ceased trading and prepared its latest accounts on a break-up basis, indicating a critical financial condition with no current assets or liabilities and minimal equity. The company is effectively inactive, and its financial health score is D, reflecting severe distress and a non-going concern status. Immediate strategic decisions are required regarding closure or restructuring to manage the company’s financial wind-down responsibly.

HARLEQUIN NEW HOMES (WEYBRIDGE) LIMITED - Analysis Report

Company Number: 13802158

Analysis Date: 2025-07-29 17:37 UTC

Financial Health Assessment for HARLEQUIN NEW HOMES (WEYBRIDGE) LIMITED

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1. Financial Health Score: D

Explanation:
The company exhibits symptoms of financial distress, notably cessation of trading and nil current assets and liabilities in the latest year, indicating a lack of ongoing business operations or liquidity. While equity was positive in prior years, the break-up basis of accounting and zero net current assets in the most recent period signal very poor financial vitality. This grade reflects a precarious financial state akin to a patient who has ceased normal bodily functions and is in critical condition.

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2. Key Vital Signs (Financial Metrics & Interpretation)

Metric	2024 (£)	2023 (£)	Interpretation
Current Assets	0	31,880	A sudden drop to zero suggests the company has no liquid or short-term assets available.
Cash	0	4	Cash has been completely depleted, indicating no available immediate funds for operations.
Debtors	0	31,876	No receivables now; previous receivables were significant, possibly linked to intra-group debt.
Current Liabilities	0	12,078	Absence of current liabilities now may reflect settlement or write-off but also cessation of activity.
Net Current Assets	0	19,802	Working capital has vanished; no buffer to cover short-term obligations.
Shareholders Funds (Equity)	100	19,842	Equity has dramatically decreased, indicating loss absorption or capital reduction.
Going Concern Status	Non-going concern (break-up basis)	Going concern previously	The company has ceased trading; accounts prepared on break-up basis which is a red flag.

Additional observations:

• The company has ceased trading and prepared accounts on a break-up basis, indicating it is in the wind-down phase.
• No employees reported, reinforcing the non-operational status.
• Related party balances (debts owed to/from group companies) were present previously but are now zero, indicating settlement or write-off.
• The company is controlled 100% by Harlequin New Homes Limited, suggesting it is part of a group structure.

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3. Diagnosis: What the Financial Data Reveals

The company is essentially in a state of dormancy or cessation of trading, as confirmed by the directors’ statement and zero current assets and liabilities in the latest year. The financial "vital signs" show a collapse of operational activity and liquidity, akin to a patient who has stopped functioning normally and is undergoing a controlled closure (break-up basis accounting). The equity has been largely eroded, indicating financial losses or capital restructuring.

This financial profile strongly suggests that the company is no longer a going concern and is in the process of winding down or potentially preparing for dissolution or sale. The absence of cash and receivables points to no ongoing revenue generation or collection. The lack of liabilities may mean that debts have been settled or written off, or that the company has ceased incurring obligations.

The company’s health is poor, with no signs of recovery or ongoing operations, placing it in a critical financial condition.

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4. Recommendations: Actions to Improve Financial Wellness

Given the current state, the focus should be on managing the end-of-life process for the company or considering restructuring options if continuation is desired:

• Confirm Intention: Clarify with directors and stakeholders whether the company is to be formally dissolved, sold, or reactivated.

• Cash Flow Management: If revival is intended, secure immediate funding or capital injection to restart operations and restore liquidity.

• Asset Realisation: Identify any remaining assets not reflected in accounts and realise value to cover liabilities or debts.

• Group Coordination: Coordinate with the parent company (Harlequin New Homes Limited) to optimise group-wide financial management, including settlement of intercompany balances.

• Compliance: Maintain timely filing of accounts and confirmation statements to avoid penalties during the wind-down.

• Exit Strategy: If closure is confirmed, begin formal liquidation or striking off procedures to responsibly conclude company affairs and limit ongoing costs.

• Seek Professional Advice: Engage insolvency or restructuring advisors if uncertain about the best course of action to protect creditors and directors.

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Medical Analogy Summary:
The company’s financial health resembles a patient who has ceased normal life functions and is under palliative care—no active metabolism (trading), depleted energy stores (cash), and minimal physiological reserves (assets). Without intervention or a clear plan, the prognosis is poor, with the likely outcome being formal closure.

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