S J CUBE LIMITED

Executive Summary

S J CUBE LIMITED shows severe financial distress with net assets dropping from over £24,000 in 2023 to just £121 in 2024. The company’s liquidity and equity base have nearly collapsed, indicating urgent need for financial review and corrective action. Without intervention, the prognosis points to continued fragility or possible insolvency.

S J CUBE LIMITED - Analysis Report

Company Number: 13612696

Analysis Date: 2025-07-29 18:29 UTC

Financial Health Assessment for S J CUBE LIMITED

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1. Financial Health Score: D

Explanation:
The company exhibits clear symptoms of financial distress as shown by a drastic fall in current assets and net assets in the latest financial year. The sharp decline from £24,571 net assets in 2023 to only £121 in 2024 indicates a critical liquidity and capital erosion issue. While not insolvent, the financial "vital signs" suggest a very fragile state with minimal cushion against operational or financial shocks.

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2. Key Vital Signs

Metric	2024 Value	2023 Value	Interpretation
Current Assets	£121	£32,051	Severe depletion of liquid or short-term assets.
Current Liabilities	£0 (implied)	£7,480	Current liabilities appear reduced or absent.
Net Current Assets	£121	£24,571	Working capital almost vanished, poor liquidity.
Total Net Assets	£121	£24,571	Equity base nearly wiped out, raising red flags.
Shareholders’ Funds	£121	£24,571	Equity capital severely diminished.
Average Number of Employees	0	-	No staff, possibly indicating minimal operations.

Interpretation:

• The company's "cash flow pulse" and "capital reserves" have almost flatlined in 2024 compared to prior years.
• The absence of current liabilities in 2024 suggests either a reporting anomaly or settlement of debts, but without corresponding assets, this provides no relief.
• The decline in net assets is a serious symptom of underlying financial stress, possibly due to losses, asset write-downs, or withdrawals.

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3. Diagnosis

S J CUBE LIMITED's financial condition resembles a patient whose vital signs have deteriorated drastically within one year. The company went from a modestly healthy state with positive working capital and net assets in 2023 to near insolvency by 2024. The minimal current asset balance and equity (£121) is insufficient to support ongoing operations or absorb unexpected expenses.

The lack of employees and micro-entity status suggest a very small, possibly dormant or minimally active business. The steep asset depletion signals possible operational inactivity, cash exhaustion, or a strategic wind-down phase.

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4. Recommendations

• Immediate Cash Flow Analysis: Investigate cash inflows and outflows for 2023-24 to identify causes of asset depletion. Consider any unusual or one-time expenses.
• Debt and Liability Review: Confirm if current liabilities have been settled or if there is a reporting omission. Ensure all obligations are accounted for to avoid hidden liabilities.
• Operational Assessment: Evaluate business activity level. If dormant or inactive, consider formal dormancy filing to reduce compliance burden.
• Capital Injection or Restructuring: If continuing operations, consider fresh capital injection to restore working capital and net assets.
• Financial Controls: Implement tighter financial monitoring and forecasting to avoid further capital erosion.
• Professional Advice: Given the critical financial health, seek advice on restructuring, turnaround, or controlled closure if recovery is not feasible.

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