PRECISE INSTALLS RENEWABLES LIMITED
Executive Summary
PRECISE INSTALLS RENEWABLES LIMITED is currently in its infancy, filing dormant accounts with minimal financial activity and assets, reflecting a fragile start-up state. While the company is compliant with regulatory filings and under solid ownership control, it has yet to establish operational or financial vitality. To improve its financial health, it must initiate trading, build working capital, and implement strong financial controls, positioning itself for sustainable growth in the renewable energy sector.
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This analysis is opinion only and should not be interpreted as financial advice.
PRECISE INSTALLS RENEWABLES LIMITED - Analysis Report
Financial Health Assessment for PRECISE INSTALLS RENEWABLES LIMITED
1. Financial Health Score: D
Explanation:
The company is newly incorporated (August 2023) and has filed dormant accounts for its first financial year, with minimal activity and negligible financial data (£100 cash, £100 net assets). The dormant status indicates no trading or significant transactions yet. This early-stage, inactive state means the company’s financial health is currently fragile, with very limited evidence of operational or financial vitality. Grade D reflects a start-up phase without established financial performance, implying a need for development before a healthier rating can be assigned.
2. Key Vital Signs
Metric | Value | Interpretation |
---|---|---|
Company Age | ~1 year | Very new entity, still in incubation phase |
Status | Active | Company is registered and operational (not dissolved) |
Account Category | Dormant | No trading activity or financial transactions in period |
Cash at Bank | £100 | Extremely low liquidity; almost negligible working capital |
Net Current Assets | £100 | Positive but minimal working capital |
Net Assets | £100 | Equity equals minimal share capital |
Employees | 0 | No workforce yet, no operational activity |
Shareholder Control | 75-100% owned by Precise Installs Group Limited | Parent company retains full control |
Filing Compliance | Up to date | No overdue returns or accounts filings |
Industry Classification | Manufacture of non-electric domestic appliances | Sector suggests potential for manufacturing/installation |
3. Diagnosis: Financial and Operational Health
The company is currently in a "pre-symptomatic" phase — akin to a patient just admitted for observation without any active symptoms or treatment yet. Being dormant means it has not conducted business or generated revenue, so there are no financial "vital signs" such as turnover, profit margins, or debt levels that can be assessed. The minimal cash and net assets reflect only share capital paid in, not operational cash flow.
The lack of employees and negligible assets indicate no active operations or investment in working capital or fixed assets. This is typical for a start-up or holding company in its formation stage but represents a fragile state that requires careful monitoring to avoid future financial distress when trading begins.
The company’s compliance with filings and presence of experienced directors is a positive sign, reflecting administrative "baseline health." Ownership by a parent company with full control may provide financial support and strategic guidance, which could improve prognosis if leveraged effectively.
4. Recommendations: Path to Financial Wellness
- Initiate Trading Activities: To move from dormancy to active trading, the company must begin generating revenue and managing operational costs, thus developing financial "pulse" and cash flow.
- Build Working Capital: Ensure adequate liquidity beyond nominal cash to cover initial expenses and unforeseen costs. Consider parent company support or external funding.
- Develop Financial Controls: Establish robust accounting and budgeting practices early to monitor financial health as business activities commence.
- Recruitment and Resource Planning: Hiring key operational staff will enable business development and execution of projects related to renewable installations.
- Strategic Business Plan: Outline clear objectives, market approach, and milestones to transition from start-up phase to sustainable operations.
- Regular Financial Monitoring: Track early financial indicators such as cash flow, receivables, payables, and profit margins to diagnose emerging issues promptly.
- Engage with Advisors: Seek expert guidance on tax planning, grants, and renewable energy incentives to optimize financial position.
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