PLAINSAILING.COM (CREWED CHARTER) LIMITED

Executive Summary

PLAINSAILING.COM (CREWED CHARTER) LIMITED currently exhibits a dormant financial profile with minimal assets and no trading activity, indicating a state of financial inactivity rather than distress. While compliance with statutory filings is good, the company lacks operational cash flow and working capital, limiting its ability to conduct business. To improve financial wellness, the company should focus on capital infusion, strategic planning, and preparing for reactivation of trading activities.

PLAINSAILING.COM (CREWED CHARTER) LIMITED - Analysis Report

Company Number: 13658653

Analysis Date: 2025-07-20 19:05 UTC

Financial Health Assessment Report

Company: PLAINSAILING.COM (CREWED CHARTER) LIMITED
Assessment Date: Post 31 October 2024 financial year end

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1. Financial Health Score: D

Explanation:
The company is currently dormant with minimal financial activity and extremely limited financial resources (cash and net assets at £1). This score reflects a state of "financial hibernation," where normal business functions and trading have not commenced or have been paused. While not inherently negative for a startup or holding entity, this level of inactivity precludes a healthy operational cash flow or financial robustness.

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2. Key Vital Signs

Metric	2024 Value	Interpretation
Cash at Bank	£1	Critically low; indicates no liquid funds available.
Net Assets	£1	Net asset base is minimal, signaling no asset backing.
Shareholders' Funds	£1	Equity investment is nominal, reflecting lack of capital.
Account Category	Dormant	No trading activity reported; no revenues or expenses.
Filing Status	Up to date	Compliance with filing requirements is maintained.

Interpretation:

• The "vital signs" reveal a company in a dormant state, akin to a patient in deep rest with no active metabolism.
• The absence of cash reserves or working capital means the company cannot sustain business operations or respond to financial demands.
• Dormant status means no income generation or expense activity; thus, no symptoms of operational distress are visible, but also no signs of growth or financial vitality.
• Timely filing of accounts and returns indicates good administrative health — a positive compliance symptom.

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3. Diagnosis

PLAINSAILING.COM (CREWED CHARTER) LIMITED is currently in a dormant financial state, with no active trading or financial transactions recorded for the year ending 31 October 2024. This condition is often seen in companies newly incorporated but not yet operational, or companies holding assets or intellectual property without active business operations.

The minimal net assets and cash balance reflect that the company is not currently generating revenue or incurring expenses. This is not a symptom of financial distress but rather a controlled "hibernation." However, the lack of active business metrics means the company has no immediate financial strength or liquidity to support operations without new capital injection or reactivation.

The company's governance and compliance routines are intact, indicated by on-time filing of dormant accounts and confirmation statements, which is a healthy sign of administrative oversight.

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4. Prognosis

If the company plans to transition from dormancy to active trading, it will require capital infusion to build working capital and fund operations. Without such intervention, the company remains effectively "asleep," unable to generate cash flow or profit.

The outlook depends on management’s strategic decisions to activate the business, secure financing, or restructure. If reactivated with proper financial planning and capital support, the company could emerge from dormancy with improved financial health. Otherwise, prolonged dormancy may lead to loss of market opportunity or eventual dissolution if no activity resumes.

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5. Recommendations

• Capital Injection: Introduce funds to build cash reserves and enable operational expenditures. Without cash, the company cannot "wake up" from dormancy.
• Business Plan Development: Prepare a clear plan with projected revenues, costs, and funding needs to guide the company’s transition to active trading.
• Financial Forecasting: Regularly model cash flow scenarios to anticipate funding gaps and plan accordingly.
• Compliance Maintenance: Continue timely filings to avoid penalties and maintain good standing.
• Stakeholder Communication: Inform shareholders and PSCs about plans and timelines for business activation to align expectations and secure support.
• Monitor Financial Vital Signs: Once active, track working capital, liquidity ratios, and profitability closely to detect early signs of distress or growth.

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