PILGRIMS AI LTD

Executive Summary

PILGRIMS AI LTD is currently a dormant company with minimal financial activity and no trading history. The financial health score reflects its inactive status rather than distress. Moving forward, initiating business operations and establishing consistent revenue streams will be crucial to improve its financial vitality and ensure sustainable growth.

PILGRIMS AI LTD - Analysis Report

Company Number: 15222377

Analysis Date: 2025-07-29 14:05 UTC

Financial Health Assessment for PILGRIMS AI LTD

---

1. Financial Health Score: D

Explanation:
PILGRIMS AI LTD currently holds a Dormant financial status with minimal financial activity (only £100 cash and net assets). This grade reflects the company's infancy and lack of operational financial data, rather than poor financial health. The absence of trading or financial transactions means there is no measurable revenue, profitability, or working capital to assess typical business vitality.

---

2. Key Vital Signs

Metric	Value	Interpretation
Company Status	Active	Company is legally operational but not trading.
Account Category	Dormant	No significant financial transactions recorded.
Cash at bank	£100	Minimal liquidity; typical for dormant status.
Net Assets	£100	Equity reflects issued share capital only.
Shareholders’ Funds	£100	Entirely share capital, no retained earnings.
Directors’ Conduct	Clean	No disqualifications or adverse records noted.
SIC Codes	Real Estate	Business classified under real estate activities.

Interpretation:

• The dormant classification is a key "vital sign" indicating the company is not currently engaged in trading or generating revenue.
• The minimal cash and net assets correspond to initial share capital only, showing no operational cash flow or liabilities.
• The director holds full control and equity, which simplifies governance but also concentrates risk.

---

3. Diagnosis

Current Financial Condition:
PILGRIMS AI LTD is effectively in a "resting state," much like a patient with no active symptoms but not yet undergoing treatment or recovery. The company has not commenced trading or incurred any financial activity since incorporation in October 2023. This means there are no financial stress symptoms such as cash flow issues, debt burdens, or operational losses. However, the lack of financial data also means there is no evidence of business vitality.

Underlying Business Health:

• The company’s financial "vitals" are stable but dormant.
• It has a clean regulatory and governance record with timely filings and no overdue returns.
• The business focus on real estate management and agency activities suggests potential future operations that may generate income and assets.
• The single director and shareholder structure indicates centralized control but also potential vulnerability if the business does not progress.

---

4. Recommendations

To improve financial wellness and transition from dormancy to active status, consider the following:

• Begin Trading Activities:
  Activate business operations aligned with real estate management or agency services to generate revenue and positive cash flow. Dormancy is sustainable short-term but cannot support growth or creditor confidence.

• Financial Planning and Budgeting:
  Develop a detailed financial plan forecasting income, expenses, and cash flow to ensure the company can maintain liquidity and meet obligations once trading starts.

• Capital Injection or Financing:
  Evaluate whether an increase in share capital or external financing is needed to fund initial operations and asset acquisition.

• Governance and Compliance:
  Maintain timely filing of accounts and confirmation statements to avoid penalties or regulatory issues.

• Risk Management:
  Monitor operational risks as the company begins trading, especially in market-sensitive real estate sectors.

---