NEXT CONSULTANCY SERVICES LTD
Executive Summary
NEXT CONSULTANCY SERVICES LTD is currently dormant with minimal financial activity and assets, resulting in a low financial health score. Although compliant with filing requirements, the company lacks operational cash flow and growth indicators. To improve financial wellness, initiating trading activities, financial planning, and capital investment are critical steps moving forward.
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This analysis is opinion only and should not be interpreted as financial advice.
NEXT CONSULTANCY SERVICES LTD - Analysis Report
Financial Health Assessment Report for NEXT CONSULTANCY SERVICES LTD
1. Financial Health Score: D (Dormant Status)
Explanation:
NEXT CONSULTANCY SERVICES LTD is currently classified as a dormant company with minimal financial activity reported. The net assets and shareholders' funds stand at £1, reflecting no operational transactions or financial growth. While compliance with filing dates is timely, the company shows no signs of active trading or revenue generation. This results in a low financial health grade, as the company is essentially "asleep" financially, with no active cash flow or asset base to support business operations.
2. Key Vital Signs
Metric | Value | Interpretation |
---|---|---|
Account Category | Dormant | No significant financial transactions during the year. |
Net Assets (2024) | £1 | Minimal equity; no growth or retained earnings. |
Shareholders' Funds | £1 | Equity invested but no accumulated profits or reserves. |
Current Assets / Liabilities | £0 / £0 | No working capital or liabilities; zero operational activity. |
Filing Status | Up to date | Company complies well with statutory requirements. |
Company Age | ~3 years | Relatively new but inactive in trading terms. |
Directors and Control | Multiple directors appointed recently; share ownership spread among three principal individuals. | Management structure in place but no trading activity. |
3. Diagnosis: Business Financial Health Overview
NEXT CONSULTANCY SERVICES LTD is currently in a state comparable to a patient in deep rest or hibernation. The company's dormant status means it has no active revenue-generating operations, no assets beyond the initial share capital, and no liabilities. This "symptom" indicates either a strategic pause before business commencement, a holding vehicle for future business activities, or a company in the early setup phase that has yet to launch operations.
The lack of financial movement means there is no cash inflow or outflow, which while removing liquidity risk, also means no growth or earnings potential at present. The healthy aspect here is that the company is compliant with all filing deadlines and maintains a clear, simple balance sheet without distress signals like debt or losses.
However, the company shows no "pulse" in financial terms — no turnover, assets, or working capital. This condition is neither healthy nor ill but is neutral and requires monitoring as the company transitions from dormancy to activity.
4. Recommendations for Financial Wellness Improvement
Activate Trading Operations: To improve financial health, the company should commence trading activities to generate revenue and build working capital. Active cash flow is essential for moving from dormancy to a healthy business state.
Financial Planning and Budgeting: Establish a detailed financial plan outlining expected income, costs, and investment needs to avoid future liquidity issues once operational.
Capital Injection: Consider raising additional capital to fund initial business activities, such as marketing, hiring, or acquisitions of fixed assets.
Regular Financial Monitoring: Implement monthly or quarterly financial reviews to track progress, identify early signs of distress (e.g., cash shortages), and adjust operations accordingly.
Clear Shareholder Structure: Resolve overlapping or unclear shareholdings to ensure transparent control and decision-making, supporting governance health.
Compliance Continuity: Maintain punctual filing and statutory compliance to avoid penalties and maintain good standing.
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