HITESONLINE LIMITED

Executive Summary

HITESONLINE LIMITED currently operates as a dormant private limited company with minimal financial activity and a stable equity structure. Its financial health is sound for its dormant status, reflecting no distress or liabilities and full compliance with filing requirements. To improve financial wellness, the company should maintain compliance rigorously and plan carefully for any transition to active trading.

HITESONLINE LIMITED - Analysis Report

Company Number: 13047714

Analysis Date: 2025-07-19 12:56 UTC

Financial Health Assessment of HITESONLINE LIMITED

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1. Financial Health Score: B

Explanation:
As a dormant company with minimal financial activity, HITESONLINE LIMITED shows a stable but very basic financial profile. The score "B" reflects a healthy status for a dormant entity—no financial distress or liabilities, but also no active revenue-generating operations. The company maintains its statutory compliance and a sound equity base relative to its size and status.

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2. Key Vital Signs

Metric	Value	Interpretation
Company Status	Active	The company is legally operational.
Account Category	Dormant	No significant financial transactions during the year.
Cash at Bank	£1	Minimal cash on hand, consistent with dormancy.
Net Assets / Shareholders’ Funds	£2	Equity reflects issued share capital; no accumulated profits or liabilities.
Share Capital	£2	Minimal capital investment; typical for a small dormant company.
Filing Compliance	Up to date	No overdue accounts or confirmation statements.
Directors	2 (both active)	Stable leadership with joint control over shares and voting rights.
Industry Classification	IT consultancy (SIC 62020)	Registered as IT consultancy though currently dormant.

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3. Diagnosis

"Healthy dormancy" with no symptoms of financial distress
HITESONLINE LIMITED is currently in a dormant state, meaning it has no active trading or business transactions, as evidenced by its dormant accounts filed under section 480 of the Companies Act 2006. This status is confirmed by minimal cash balances and static net assets equivalent to the nominal share capital (£2).

The company’s financial "vital signs" show no liabilities or operational expenses, which is normal and expected for a dormant entity. The directors have fulfilled their statutory obligations, including timely filing of dormant accounts and confirmation statements, indicating good corporate governance.

The ownership and control structure is balanced between two directors who are also the persons with significant control, each holding between 25%-50% of shares and voting rights. This indicates a stable governance framework but concentrated control.

At this stage, the company shows no symptoms of financial stress such as negative net assets, overdue filings, or cash flow issues. It is essentially in a "financial coma" — preserved but inactive.

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4. Recommendations

• Maintain Dormant Status Diligently: Continue to ensure no inadvertent financial transactions occur that might trigger the need for full accounts preparation and audit.
• Prepare for Activation: If the business plans to activate trading, develop a clear business plan and financial projections before incurring expenses to avoid cash flow issues.
• Monitor Corporate Compliance: Keep on top of filing deadlines for accounts and confirmation statements to avoid penalties or administrative complications.
• Consider Capital Structure: If the company is to start trading, evaluate if the existing share capital (£2) is sufficient for operational needs or if additional funding will be required.
• Review Director Roles: Ensure directors understand their fiduciary duties once the company moves from dormant to active status.
• Plan for Tax and Regulatory Requirements: Dormant companies have simplified tax and regulatory requirements; these will increase significantly if trading commences.

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