PHONEPROS NORWAY LTD

Executive Summary

PHONEPROS NORWAY LTD is a newly incorporated dormant company with nominal financial activity, reflected by minimal assets and cash. Its financial health is stable but inactive, typical for a startup yet to commence trading. To improve its financial wellness, the company should focus on activating business operations, maintaining compliance, and establishing sound financial controls.

PHONEPROS NORWAY LTD - Analysis Report

Company Number: 15815055

Analysis Date: 2025-07-29 13:57 UTC

Financial Health Assessment for PHONEPROS NORWAY LTD

---

1. Financial Health Score: D (Dormant Stage - Minimal Activity)

Explanation:
The company is newly incorporated (July 2024) and classified as dormant with minimal financial activity. The financial metrics are essentially at a baseline level (cash £1, net assets £1), indicating no active trading or operational transactions. While not a sign of financial distress, this state reflects a company in its infancy or on hold rather than an actively healthy business.

---

2. Key Vital Signs

Metric	Value	Interpretation
Status	Active	Company is registered and legally operating
Account Category	Dormant	No significant financial transactions during the year
Cash at Bank	£1	Virtually no liquidity - typical for dormant status
Net Assets	£1	Minimal asset base; no operational capital
Shareholders' Funds	£1	Reflects nominal share capital only
Financial Year End Date	31-Dec-2024	Latest financial snapshot
Filing Compliance	Up to date	No overdue accounts or confirmation statement filings

Interpretation:
The financial "vital signs" resemble a patient in a state of suspended animation rather than active health or illness. The cash and net asset figures are nominal, consistent with a dormant company that has not traded or incurred expenses. This is a common start point for many new companies before operational activities commence.

---

3. Diagnosis: Financial Condition Overview

PHONEPROS NORWAY LTD shows all the classic "symptoms" of a dormant company: negligible cash, no liabilities, and a minimal balance sheet indicating no trading activity. This is not a sign of financial distress but rather a deliberate choice or a startup phase where the company has not yet initiated business operations. The single-share capital and dormant accounts filing status confirm the company has not engaged in commercial transactions.

The director and sole shareholder control (75-100%) resides with Mr. Fredrik Hveding Findahl, which suggests centralized decision-making but also potential dependence on a single controlling individual. The company classification under SIC code 82990 ("Other business support service activities not elsewhere classified") is broad and may imply future service-oriented business operations once active.

---

4. Recommendations: Actions to Improve Financial Wellness

• Activate Trading Operations: To transition from dormancy to a healthy operational state, the company should initiate business activities generating revenue and expenses, which will provide meaningful financial data for analysis.
• Maintain Compliance: Continue timely filing of accounts and confirmation statements to avoid penalties and maintain good standing.
• Build Working Capital: Once trading starts, ensure adequate cash flow and working capital to avoid liquidity "symptoms" such as inability to meet short-term obligations.
• Establish Financial Controls: Implement basic bookkeeping and financial reporting frameworks early to monitor financial health as operations commence.
• Plan for Growth: Develop a business plan including budgeting and forecasting to guide the company towards sustainable profitability.
• Consider Additional Directors/Advisors: To mitigate risks associated with single-person control, consider appointing additional directors or advisors.

---

Medical Analogy Summary:

PHONEPROS NORWAY LTD currently resembles a patient in a state of dormancy—alive but with minimal vital signs. It is not ill but not yet active, akin to a person resting before starting a new fitness regimen. The prognosis depends on initiating operations and building financial strength to transition into a healthy and sustainable business.

---