SECURESECURITYSOLUTIONSUK LTD
Executive Summary
SECURESECURITYSOLUTIONSUK LTD is a newly formed dormant company with no trading activity to date, reflected by minimal financial assets and no operational history. The company is financially stable but inactive, awaiting commencement of business operations in the private security sector. Moving forward, the focus should be on initiating trading, building cash flow, and establishing profitability to improve its financial health.
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This analysis is opinion only and should not be interpreted as financial advice.
SECURESECURITYSOLUTIONSUK LTD - Analysis Report
Financial Health Assessment for SECURESECURITYSOLUTIONSUK LTD
1. Financial Health Score: Grade D
Explanation:
SECURESECURITYSOLUTIONSUK LTD is a newly incorporated private limited company, currently classified as dormant with minimal financial activity. The financial health grade "D" reflects a company in the very early stages with no trading history or operational cash flow. While there are no signs of distress, the absence of active financial transactions and trading results means the company has yet to demonstrate financial vitality or operational sustainability.
2. Key Vital Signs
Metric | Value | Interpretation |
---|---|---|
Company Status | Active, Dormant | Registered and legally active but no trading activity. |
Account Category | Dormant | No significant financial transactions during the year. |
Net Assets | £1 | Minimal equity; company only holds one £1 share. |
Shareholders’ Funds | £1 | Indicates no accumulated profits or retained earnings. |
Financial Year End | 30 September 2024 | Latest accounts filed for most recent dormant year. |
Director | One, Pritesh Patel | Single director with full control and ownership. |
Industry Classification (SIC) | Private Security (80100) | Business sector identified but not yet operational. |
3. Diagnosis
Symptom Analysis:
The "symptoms" here are clear: the company has not yet commenced trading, which is reflected by dormant accounts and negligible net assets. This is akin to a patient in "pre-operative" status—registered and ready but not yet active. The company's financial "vital signs" are stable in that there is no debt or liabilities, but the lack of operational data (revenues, expenses, cash flow) means no evidence of business growth or profitability.
Underlying Business Health:
- The company has strong governance in place with a single director who holds full control and has complied with filing requirements on time.
- The balance sheet is clean, with no liabilities or financial obligations reported, which means no immediate financial distress or risk.
- However, the business has yet to generate any financial activity, so it is impossible to evaluate operational efficiency, profitability, or cash flow health at this point.
4. Prognosis
Given the current dormant status and minimal financial activity, the future financial outlook depends heavily on whether the company will commence trading and generate revenue. If the business activates operations in the private security sector, it will need to focus on building working capital, managing cash flow, and establishing profitability.
Without trading, the company remains in a low-risk but also low-return state. The "health" of the company will improve only once it begins to generate income and manage expenses effectively.
5. Recommendations
To transition from dormancy to financial wellness, the company should consider the following:
- Commence Trading Activities: Begin operations to generate revenues and establish a financial track record.
- Prepare for Operational Accounting: Once trading starts, maintain robust accounting records to monitor cash flow, expenses, and profitability.
- Build Working Capital: Ensure sufficient liquidity to meet short-term obligations and operational costs.
- Plan for Growth: Develop a business plan detailing how to scale operations in the private security sector.
- Regular Compliance: Continue timely filing of accounts and confirmation statements to maintain regulatory good standing.
- Risk Management: Evaluate any operational risks related to the security industry and plan mitigation strategies.
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