Company Number: 14248811

Analysis Date: 2025-07-29 20:09 UTC

Financial Health Assessment for PECKHAM SOUL LTD

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1. Financial Health Score: D

Explanation:
PECKHAM SOUL LTD’s financial health score is graded D due to the complete absence of financial activity and assets in the latest financial year, following a modest net asset base in the previous year. This indicates a serious loss of financial vitality, akin to a patient whose vital signs have flatlined after showing some prior measurable health.

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2. Key Vital Signs:

Metric	2024 (£)	2023 (£)	Interpretation
Fixed Assets	0	1,000	Total loss of long-term assets; no capital investment recorded in latest year.
Current Assets	0	89,038	Sudden disappearance of liquid assets; no cash or receivables detected.
Current Liabilities	0	18,500	No short-term debts currently recorded, which is positive but may also reflect ceased operations.
Net Current Assets (Working Capital)	0	70,538	Working capital has dropped to zero, indicating no short-term financial buffer.
Net Assets / Shareholders’ Funds	0	63,538	Total equity wiped out, pointing to either losses or distribution of funds.
Employees (Average)	0	0	No employees reported, consistent with inactivity.

Interpretation of Vital Signs:
The company’s “vital signs” have deteriorated sharply within one year. The prior year showed a relatively healthy balance sheet for a micro-entity, with net assets of £63,538 and positive working capital, which would be like a patient with stable blood pressure and heart rate. However, the latest accounts show all assets and equity reduced to zero, indicating a complete cessation of business operations or a wind-down phase. This could be symptomatic of business distress, asset disposals, or the company becoming dormant.

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3. Diagnosis:

The financial data reveal that PECKHAM SOUL LTD has experienced a sudden and total evaporation of its financial resources between 2023 and 2024. While there are no liabilities recorded in the most recent year, the complete lack of current or fixed assets and shareholders’ funds signals the company is either dormant, non-operational, or in a transitional phase such as restructuring or preparing for liquidation (though no formal liquidation status is recorded).

This situation is akin to a patient who was previously stable but now shows no measurable signs of activity—no cash flow, no assets, no employees. Without any financial activity or resources, the company’s ability to generate revenue or meet operational expenses is critically compromised.

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4. Recommendations:

• Immediate Review of Operational Status: Confirm if the business has ceased trading or is dormant. If dormant, ensure proper dormant status filing to avoid compliance issues.
• Financial Resuscitation Plan: If the business intends to continue, developing a cash flow plan and capital injection strategy is crucial to restore working capital and operational capacity.
• Asset and Liability Investigation: Understand what happened to the £63,538 net assets reported last year—were they distributed, lost through expenses, or written off?
• Cost Control and Revenue Generation: If still trading, focus on generating sales (retail clothing and music/video recordings sectors) and maintaining a healthy cash flow.
• Stakeholder Communication: Inform shareholders and creditors about the company’s status and plans to restore financial health.
• Professional Advice: Consider consulting insolvency or business turnaround specialists if the company is in distress.

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