PURPOSE SPACES LTD

Executive Summary

PURPOSE SPACES LTD is currently dormant with minimal financial activity, reflected in nominal assets and no trading history. While the company is compliant and active in legal terms, it shows no signs of operational health yet. To improve financial wellness, the company should initiate business activities, manage cash flow carefully, and build financial resilience through asset growth and good governance.

PURPOSE SPACES LTD - Analysis Report

Company Number: 14606150

Analysis Date: 2025-07-20 12:12 UTC

Financial Health Assessment for PURPOSE SPACES LTD

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1. Financial Health Score: D

Explanation:
The financial health of PURPOSE SPACES LTD is currently very limited due to its dormant status and minimal financial activity. The company has only nominal assets (£1 cash and net assets), indicating no operational transactions or growth during the reported period. This score reflects a baseline, essentially a "financial rest state," rather than an active, healthy business.

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2. Key Vital Signs

Vital Sign	Value	Interpretation
Company Status	Active	The company is legally active and compliant with filing deadlines.
Account Category	Dormant	No significant financial transactions during the year.
Cash at Bank and in Hand	£1	Minimal liquidity; no operating cash flow.
Net Assets	£1	No substantive asset base or equity beyond initial share capital.
Shareholder Funds	£1	Reflects initial investment only; no retained earnings or reserves.
Director & PSC	Single director & 100% ownership by Ms Vania Costa	Concentrated control, simple governance structure.
Filing Compliance	Up to date	No overdue accounts or confirmation statements; good compliance.

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3. Diagnosis

Underlying Business Health:
PURPOSE SPACES LTD is currently a dormant entity, indicating no business operations, income generation, or expenses incurred during the financial year ending January 31, 2024. This is akin to a patient in a state of rest or hibernation — the company is alive but not yet engaging in economic activity that would reflect typical business "vital signs" such as revenue, profit, or cash inflows.

The single pound in cash and net assets matches the nominal share capital, confirming no financial transactions or asset acquisitions. The absence of liabilities or debts is positive but expected for a dormant company. Compliance with statutory filing and confirmation requirements is a good sign, indicating the "patient" is under proper regulatory care.

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4. Recommendations

To transition from dormancy to healthy business activity, the company should consider the following steps:

• Activate Business Operations: Begin trading or delivering services aligned with its SIC codes (real estate management and letting). This will introduce vital financial metrics like revenue and cash flow.

• Monitor Cash Flow Closely: Establish a healthy cash flow cycle to avoid liquidity distress once operational. Ensure sufficient working capital for initial expenses.

• Build Asset Base and Reserves: Acquire assets or contracts that enhance net worth beyond nominal share capital, reflecting operational growth.

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

• Financial Planning and Budgeting: Implement a robust financial plan to track income, expenses, and profitability to detect early symptoms of distress.

• Governance: Although there is a single director and shareholder, consider formalizing governance and internal controls as operations expand.

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