MAD ABOUT PROPS LIMITED

Executive Summary

MAD ABOUT PROPS LIMITED is currently dormant with minimal financial activity and very low net assets, reflecting a company in financial hibernation rather than active operation. While legally compliant, the company's financial health is weak, requiring significant capital and strategic planning to resume trading or to prepare for orderly closure. Immediate focus should be on clarifying business intentions and securing adequate funding before reactivation.

MAD ABOUT PROPS LIMITED - Analysis Report

Company Number: 12893751

Analysis Date: 2025-07-20 16:07 UTC

Financial Health Assessment for MAD ABOUT PROPS LIMITED

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1. Financial Health Score: Grade D

Explanation:
MAD ABOUT PROPS LIMITED is currently classified as a dormant company with minimal financial activity. Its net assets and shareholders' funds have drastically decreased from £10,141 (2021) to just £6 (2025), indicating a near-complete cessation of business operations and financial inflows. Although legally compliant with filings and not showing overdue accounts, the company’s financial vitality is severely impaired, earning it a low grade reflecting minimal financial activity and potential risk if reactivated without significant capital injection.

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2. Key Vital Signs

• Dormant Status: The company has filed dormant accounts for the latest period, showing no significant transactions.
• Net Assets: £6 as of 31 January 2025, down from £10,141 in 2021 — a sharp decline signaling almost no operational assets.
• Shareholders' Funds: Mirrors net assets at £6, indicating minimal equity and lack of retained earnings.
• Current Assets vs. Liabilities (2024): Net current assets of £55 suggest a slight positive working capital in 2024, but this is negligible and has since diminished.
• Filing Compliance: No overdue accounts or confirmation statements; company remains in good standing legally.
• Director Stability: Only one current director remains active since multiple resignations in 2022, possibly indicating reduced management bandwidth or strategic inactivity.
• Industry: Retail sale via mail order or internet, a typically active sector, but this company is currently inactive.

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3. Diagnosis

The financial "vital signs" of MAD ABOUT PROPS LIMITED reveal symptoms consistent with a company in hibernation rather than active commercial life. The drastic reduction in net assets and shareholders' funds over a few years is a strong indicator of financial dormancy or cessation of trading activities. The small positive working capital noted in 2024 is insufficient to suggest healthy cash flow or operational momentum.

The company's financial health resembles a patient with a near-zero pulse—technically alive but lacking the circulatory flow (cash and assets) necessary to sustain business functions. The departure of multiple directors and retention of only one director may reflect a strategic decision to pause operations or prepare for restructuring, sale, or closure.

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4. Recommendations

• Assessment for Reactivation: If reactivation or trading is intended, a capital injection is essential to restore working capital and operational capacity. Without this, the company risks insolvency upon resumption of activities.
• Strategic Review: The sole director should conduct a strategic review to determine future business plans—whether to maintain dormancy, prepare for sale, or wind up the company formally.
• Financial Planning: Develop a cash flow forecast and budget assuming reactivation, to identify funding needs and timing.
• Governance: Consider appointing additional directors or advisors to support decision-making and risk management.
• Compliance Monitoring: Continue timely filing of accounts and confirmation statements to maintain good legal standing and avoid penalties.
• Market Analysis: If planning to restart trading in online retail, conduct market research to ensure competitive positioning and demand viability.

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