PLATINUM PORTFOLIO BUILDER LIMITED

Financial Health Score: F (Critical/Terminal)

Explanation: The patient is no longer with us. An "F" grade indicates complete financial failure. The company is currently in Liquidation, meaning it has been formally declared unable to pay its debts and is undergoing a structured closure. The financial vital signs confirm severe, terminal insolvency, with liabilities vastly exceeding any remaining assets.

Key Vital Signs

1. Corporate Status (The Heartbeat): The company's status is officially "Liquidation." In medical terms, the patient's heart has stopped, and the coroner has been called. The business is no longer operating as a going concern.

2. Net Assets/Liabilities (Blood Pressure): According to the latest filed accounts (Year Ending 28 February 2022), the company suffers from severe financial hypotension. It has negative net assets of £934,403 (shown as net liabilities). This means the company owes nearly £1 million more to creditors than it possesses in total assets. The previous year was even worse, at -£1,651,450. While the bleeding has slowed slightly, the patient has already lost too much blood to survive.

3. Current Assets (Oxygen Supply): In 2022, current assets dropped to zero (down from £21,957 in 2021). The company has absolutely no cash, no stock, and no debtors waiting to be collected. The financial lungs are completely empty.

4. Current Liabilities (Cholesterol/Blockages): The company owes £934,403 to creditors falling due within one year. With zero current assets to pay these debts, the company's current ratio is 0.0. This represents a total blockage of financial flow—there is no way to clear these debts organically.

5. Compliance Health (Immune System): Both the annual accounts and the confirmation statement are marked as overdue. This indicates a total collapse in administrative function, which is typical for a company in liquidation but represents a complete failure of the corporate immune system to fight off regulatory scrutiny.

Diagnosis: Terminal Insolvency

The financial data reveals a business that suffered a massive, fatal hemorrhage of capital over several years. Looking at the history, the company experienced wild swings in net assets, shifting from positive equity in 2018 (£1.77M) to massive negative equity in 2019 (-£1.69M), before partially recovering and ultimately crashing back down.

The latest balance sheet confirms that the business is deeply insolvent. With no cash, no current assets, and nearly £1 million in immediate liabilities, the company is entirely reliant on creditor forbearance or external life support—which clearly was not sustained, leading to the Liquidation status. The fact that the company has zero employees further confirms that all operational functions have ceased.

Prognosis: Deceased (Awaiting Burial)

The future outlook is non-existent. The company will not recover. The formal Liquidation status means the business is being wound up, and its remaining affairs are being administered for the benefit of creditors. The "patient" is beyond resuscitation.

Recommendations

Because the company is in Liquidation, recommendations shift from business recovery to end-of-life administration:

1. Do Not Resuscitate: Do not trade with this company or extend credit under any circumstances. It legally cannot enter into new contracts.
2. Creditor Action: If you are a creditor, you must submit a formal claim to the appointed liquidator. Be aware that with zero current assets and massive liabilities, the expected recovery rate (dividend) on your claim is likely to be pennies on the pound, if anything at all.
3. Director Compliance: The current directors (Philip Charles Easter and Nicholas David Carlile) must fully cooperate with the liquidator. They are legally obligated to hand over all company records and must not attempt to trade or extract further value from the shell.
4. File Overdue Documents: While the liquidator typically handles final filings, the directors should ensure all outstanding Companies House filings are resolved to avoid personal penalties or disqualification proceedings for non-compliance.