RIO 1965 LIMITED

Financial Health Score: D (Comatose / Pending Cessation)

Explanation: The company is not suffering from the acute "illness" of insolvency, but it is entirely devoid of business life. With zero trading activity, no revenue, and a legal "Proposal to Strike off" status, the patient is effectively on life support with the family having signed a "Do Not Resuscitate" order. The score reflects a complete lack of financial vitality, though the balance sheet remains technically solvent.

Key Vital Signs

• Pulse (Trading Activity): Flatline. The financial statements explicitly state that the company "has not traded during the year or the preceding financial period" and that it "received no income and incurred no expenditure." There is no commercial heartbeat.
• Blood Pressure (Liquidity): Stable but stagnant. Current assets sit at exactly £1,000, matching the current liabilities of £0, leaving net current assets (working capital) at £1,000. The patient has enough fluid in the system to not crash, but the circulation is entirely dormant.
• Organ Function (Balance Sheet Health): Minimal. The only "organ" functioning is a £1,000 debtor (amounts owed to the company), which perfectly offsets the £1,000 in called-up share capital. There are no fixed assets, no cash in the bank, and no liabilities. The anatomy of the business has effectively withered down to a mere shell.
• Neurological Status (Corporate Registry): Unresponsive. The company's status is "Active - Proposal to Strike off." This is a massive red flag indicating that either the directors have applied to close the company, or a third party (like the Registrar) has petitioned to dissolve it due to inactivity.

Diagnosis

Chronic Dormancy with Pending Dissolution.

Much like a patient in a persistent vegetative state, RIO 1965 LIMITED’s body exists, but the mind and function are entirely gone. The company has been dormant for at least the last six years (shareholder funds have remained at a flat £1,000 since 2018).

The most critical symptom here is the "Proposal to Strike off" status. This is the corporate equivalent of planning to take the patient off life support. It means the company is slated for "death" (dissolution) and removal from the Companies House register.

There are no symptoms of financial distress or toxicity—no debt, no creditors, and no ongoing liabilities. However, a company's purpose is to conduct business, and this entity has completely failed in that regard. The change of name from TAYMAC HOLDINGS LIMITED in 2010 appears to have been part of a restructuring or sale, after which the company simply faded into dormancy.

Recommendations

1. Confirm End-of-Life Wishes: If the "Proposal to Strike off" is intentional, the director (Frances Anne Austin) should ensure that all remaining affairs are in order. Before dissolution can occur, all assets must be distributed, and any potential creditors must be notified. The £1,000 debtor should be collected and distributed to shareholders before the company is dissolved, otherwise, the asset will pass to the Crown as bona vacantia (ownerless property).
2. Resuscitation (If Desired): If there is a desire to revive the patient, immediate action is required. You must file an objection with Companies House to suspend the strike-off process, update the Confirmation Statement, and begin recording trading activity.
3. Record Retention: Even after the company is dissolved, the directors have a legal duty to retain the company's financial records for seven years. Ensure these records are securely archived before the company is officially struck off the register.