HOWDEVINE LTD

Executive Summary

HOWDEVINE LTD currently exhibits the characteristics of a dormant or non-operational micro-entity, with negligible assets and no trading activity. Its financial health is fragile, reflecting a lack of operational scale and financial substance. To enhance its financial wellness, the company should consider initiating business activities, securing funding, and developing a robust financial management plan.

HOWDEVINE LTD - Analysis Report

Company Number: SC734801

Analysis Date: 2025-07-29 19:50 UTC

Financial Health Assessment for HOWDEVINE LTD as of 30 June 2024

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1. Financial Health Score: Grade D

Explanation:
HOWDEVINE LTD shows extremely minimal financial activity and asset base, with net assets of only £1 and no recorded income, expenses, or employees over its two years of existence. The company’s financials resemble that of a dormant or inactive entity rather than an operating business. This low level of activity and asset base reflects a fragile financial state with virtually no operational scale or financial substance, hence a low grade.

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2. Key Vital Signs

Metric	2024 Value	Interpretation
Fixed Assets	£0	No long-term investments or equipment; indicates no capital expenditure to date.
Current Assets	£1	Minimal cash or equivalents; insufficient for meaningful operations or liquidity.
Current Liabilities	£0	No short-term debts, which is positive but possibly due to inactivity.
Net Current Assets	£1	Positive but negligible working capital; no buffer for operational needs.
Net Assets	£1	Equity equals minimal shareholder funds; no retained earnings or reserves.
Employees	0	No workforce employed; suggests no ongoing business operations.
Revenue & Expenses	Not reported	No evidence of trading or financial transactions; effectively dormant.

The company is classified under SIC code 99999, indicating it is recorded as a dormant company despite being active on Companies House records.

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3. Diagnosis: Financial "Health" and Business Condition

HOWDEVINE LTD’s financial "vital signs" display symptoms typical of a company that is either dormant or newly incorporated without commencing significant business activities. The absence of assets, employees, revenue, and liabilities suggests the company is in a state of financial hibernation.

• Symptoms of Financial Distress: Not evident because there are no ongoing operations or debts.
• Symptoms of Inactivity: Clear, as the company has not engaged in business activity generating income or expenses.
• Financial Resilience: Very low; with only £1 in net assets, the company lacks any financial buffer or operational capacity.
• Governance: The sole director and controlling shareholder is Ms Gillian Devine, indicating centralized control but no operational scale.

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4. Recommendations: Steps to Improve Financial Wellness

• Initiate Business Operations: To transition from dormancy, the company needs to generate revenue and establish operational activities. This will improve cash flow and financial robustness.
• Capital Injection: Consider increasing share capital or obtaining funding to support initial operations and build working capital.
• Financial Planning: Develop a budget and financial forecast to manage future cash flow needs and track performance metrics.
• Asset Acquisition: Invest in necessary fixed assets or resources to enable operational capability.
• Compliance and Reporting: Maintain timely filings and consider preparing more detailed financial statements as operations grow.
• Review Company Status: If the company is not intended to trade, consider formal dormant status to reduce administrative burden or closure if no longer needed.

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