MYREF LTD

Executive Summary

MYREF LTD shows signs of financial dormancy with negligible assets, no employees, and static financial figures over multiple years. The company’s financial health is weak, reflecting minimal operational activity and capital. To improve, MYREF LTD must activate trading operations, secure additional funding, and implement strategic growth plans to build financial resilience.

MYREF LTD - Analysis Report

Company Number: 13244521

Analysis Date: 2025-07-20 16:56 UTC

Financial Health Assessment of MYREF LTD

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1. Financial Health Score: D

Explanation:
MYREF LTD’s financial indicators reveal a company in a fragile state. The balance sheet shows minimal assets (£157) and net assets, effectively reflecting negligible capital or operational activity. The absence of turnover, no employees, and static balance sheet figures over multiple years suggest the company is dormant or non-operational. This leads to a low financial health score, indicating poor financial vitality and a high risk profile if the business intends to grow or sustain operations.

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2. Key Vital Signs

Metric	Value	Interpretation
Current Assets	£157	Extremely low; indicates minimal cash or short-term resources available.
Net Current Assets	£157	Positive but negligible working capital; company can cover short-term liabilities but with a very thin margin.
Net Assets (Shareholders’ Funds)	£157	Very low equity base; company has almost no financial buffer or retained earnings.
Share Capital	£1,000	Above net assets; suggests some initial investment but no growth or reinvestment.
Average Number of Employees	0	No workforce; indicates no operational activity or revenue generation.
Account Category	Micro	Smallest reporting requirement; consistent with minimal financial activity.
Financial Year-End	31 March 2024	Recent accounts filed, showing no change year on year.

Interpretation:
The company’s vital signs resemble a patient with extremely low blood pressure—operating at minimal capacity, unable to sustain any significant activity. The company's balance sheet is static with the same figures for several years, a symptom of financial inactivity or dormancy.

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3. Diagnosis

MYREF LTD appears to be a company that has been largely inactive since incorporation in 2021. The static financial position over four consecutive years, negligible current assets, and no employees suggest the business has no ongoing trading operations or revenue streams. The financial statements show no signs of growth, investment, or financial stress due to liabilities, but rather a state of dormancy or minimal activity.

The presence of a sole director and person with significant control owning 75-100% shares indicates centralized control but does not translate into operational or financial vitality. The company’s business activity classified under SIC code 63990 (Other information service activities not elsewhere classified) and the website suggests an online employment referencing platform, but this is not reflected in financial data.

Underlying Condition:

• Lack of revenue or trading activity.
• Insufficient capital to develop or scale business operations.
• No operational staff, indicating a business in incubation, holding pattern, or effectively dormant.

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4. Recommendations

To improve financial wellness and transition from dormancy to active operation, MYREF LTD should consider the following actions:

1. Operational Activation:
   Initiate or ramp up trading activities, generate revenue streams, and document sales to create a healthy cash flow.

2. Capital Injection:
   Consider raising additional capital or funding to support business development, marketing, and operational costs.

3. Cost Management:
   Since there are no employees, evaluate if hiring or outsourcing is necessary to develop products or services.

4. Financial Record Keeping:
   Maintain clear, timely financial records to monitor cash flow, expenses, and profitability, essential for strategic decisions.

5. Strategic Planning:
   Develop a clear business plan with milestones for growth, targeting customer acquisition and market penetration.

6. Regular Review:
   Conduct quarterly financial health checks to monitor progress and adjust strategies rapidly.

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