Company Number: 13791253

Analysis Date: 2025-07-20 16:49 UTC

Financial Health Assessment for ONE MID DEVON CIC

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1. Financial Health Score: D

Explanation:
The company shows very limited financial activity with minimal turnover (£7,370 in 2023) and no accumulated reserves or shareholder funds. This indicates a fragile financial condition. The absence of profit or loss, combined with zero equity and no employees, paints a picture of an entity barely sustaining operations, reliant primarily on grants or donations typical for community interest companies. While not in crisis, the company’s financial “vital signs” are weak and need strengthening to ensure sustainability.

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2. Key Vital Signs

Metric	2023 Value	Interpretation
Turnover	£7,370	Extremely low revenue, consistent with a small CIC
Operating Profit (Loss)	£0	Break-even; no surplus to reinvest or buffer expenses
Shareholders’ Funds	£0	No equity cushion or retained earnings
Employees	0	No staff costs, possibly volunteer-run
Cost of Sales	£7,370	All turnover spent on costs; no margin
Filing Status	Up to date	Compliance is healthy, no overdue filings

Interpretation:
The company’s turnover matches its costs exactly, indicating a zero net margin or cash buffer. The absence of equity or reserves suggests it is operating without financial slack—any unexpected expense could cause distress. The lack of employees implies reliance on volunteers or external service providers. Filing deadlines are met, which is a positive compliance symptom.

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3. Diagnosis

The financial “pulse” of ONE MID DEVON CIC is very weak but stable. The company is functioning at a break-even level, without generating profit or building reserves. This is typical for certain community interest companies that focus on social objectives rather than profit generation. However, the lack of financial reserves or net assets means there is no margin for error or unforeseen expenses.

The “symptoms” here are a fragile financial structure and zero capital buffer. The company’s activities—supporting local community initiatives and donating resources—are aligned with its CIC mission but do not generate cash surplus. This is not necessarily unhealthy if the company’s purpose is purely social and funded by grants or donations.

However, from a financial sustainability perspective, the lack of any retained earnings or positive net assets indicates vulnerability to cash flow disruptions. The company’s directors need to monitor funding sources carefully and consider strategies to build some financial resilience.

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4. Recommendations

• Build Financial Reserves: Seek opportunities to create modest surpluses from fundraising or grants to build a small reserve. Even a small “cushion” improves financial resilience.
• Diversify Funding Sources: Explore additional or more stable income streams (e.g., partnerships, sponsorships) to reduce reliance on single donations or grants.
• Cost Control: Maintain strict oversight on costs to avoid operating losses. Consider volunteer engagement to keep overheads low.
• Financial Planning and Forecasting: Implement simple cash flow forecasting to anticipate shortfalls and plan fundraising accordingly.
• Stakeholder Engagement: Increase consultation with beneficiaries and stakeholders to better align services with funding opportunities.
• Governance and Reporting: Continue timely filings and transparent reporting to build trust with funders and the community.

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Medical Analogy Summary

ONE MID DEVON CIC’s financial health resembles a patient with “stable but frail” vital signs—no immediate crisis but lacking a robust immune system (financial reserves) to withstand shocks. The company is symptom-free now but requires strengthening to prevent future distress. Proactive management and resource building will help ensure sustainable operations and continued community impact.

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