RETROFIT PRACTICE LTD.

Executive Summary

RETROFIT PRACTICE LTD. is currently a dormant company with minimal financial activity and very low asset levels, indicating a weak financial condition. While compliance and governance appear satisfactory, the company's financial "vital signs" show inactivity and lack of liquidity, reflecting a business in hibernation. To improve financial health, the company should consider activating trading operations, building cash reserves, and strengthening governance structures.

RETROFIT PRACTICE LTD. - Analysis Report

Company Number: 13952288

Analysis Date: 2025-07-20 15:00 UTC

Financial Health Assessment of RETROFIT PRACTICE LTD.

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1. Financial Health Score: D

Explanation:
The company is classified as dormant with minimal financial activity and very low asset base (£100 cash and net assets). While it is compliant with filing deadlines and legal requirements, the financial vitality is weak due to inactivity and negligible operational metrics. The company shows no signs of active trading or revenue generation, which limits financial robustness.

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2. Key Vital Signs

Metric	Value (2024)	Interpretation
Cash at bank	£100	Extremely low liquidity; barely any cash reserves ("barely a pulse").
Net Assets	£100	Minimal asset base indicates no significant business resources.
Shareholders Funds	£100	Equity matches net assets, but at a very low level.
Company Status	Active	Company is operational on paper but dormant in reality.
Account Category	Dormant	No significant trading activity during the financial year.
Filing Compliance	Up to date	No overdue accounts or returns; good compliance.
Director/Ownership	Single Director and 100% owned by Mrs Lauretta Wright (resident in Portugal)	Control is clear but limited to one individual; possible risks if reliant on single person.

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3. Diagnosis: What the Financial Data Reveals About Business Health

• Dormant Status: The company has not conducted any trading or financial transactions significant enough to report beyond holding nominal cash and share capital. This is a "symptom" of a business in a state of rest or inactivity.
• Liquidity: With only £100 in cash, the company has no capacity to meet operational expenses or invest in growth. This is akin to a patient with very low blood pressure—there is no financial "energy" to sustain business functions.
• Asset Base: Net assets are minimal, indicating no investment in fixed or current assets beyond nominal share capital.
• Governance and Control: The company is controlled by a single director/owner, which simplifies decision-making but also concentrates risk.
• Compliance Health: The company maintains good compliance with statutory filings and deadlines, which is a positive sign of administrative health despite operational dormancy.

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4. Recommendations: Specific Actions to Improve Financial Wellness

• Activate Trading Operations or Consider Dissolution: If the company intends to pursue business, it must begin operational activities generating revenue and assets. Otherwise, maintaining a dormant company incurs ongoing compliance costs without business benefits.
• Build Liquidity: Inject capital or secure funding to establish a healthy cash flow to cover future expenses and investments. A "healthy cash flow" is critical for financial vitality.
• Review Business Model and Strategy: Since the company is classified under engineering, architectural, and building project development activities, reassess market opportunities and operational plans to transition from dormancy to active trading.
• Strengthen Governance: Consider appointing additional directors or advisors to diversify oversight and reduce dependency on a single individual, improving resilience.
• Monitor Compliance: Continue timely filings to avoid penalties; maintain accurate records to support future trading or potential sale.

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