SPACING GUILD UK LIMITED

Executive Summary

SPACING GUILD UK LIMITED is currently dormant with minimal financial activity and nominal net assets, reflecting a state of financial inactivity. The overdue dormant accounts filing indicates administrative risk which should be promptly addressed. The company’s future financial health depends on strategic decisions to activate trading or maintain dormancy with compliance.

SPACING GUILD UK LIMITED - Analysis Report

Company Number: 14221384

Analysis Date: 2025-07-29 18:57 UTC

Financial Health Assessment for SPACING GUILD UK LIMITED

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1. Financial Health Score: D

Explanation:
The company is currently classified as dormant, with minimal financial activity and negligible assets (£100 cash, £100 net assets). While there are no liabilities or negative balances, the financial data indicates a lack of operational activity or revenue generation. The overdue filing of dormant accounts signals procedural risk, though current returns are up to date. Overall, this reflects a financially inactive but compliant entity with potential risks if dormancy continues without clear plans for reactivation or closure.

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2. Key Vital Signs

Metric	Value	Interpretation
Cash at Bank	£100	Very low liquidity; minimal available cash
Net Assets	£100	Barely any net value; company is essentially at zero net worth
Shareholders’ Funds	£100	Equity equals nominal share capital only
Account Status	Dormant	No significant trading or financial transactions during the year
Overdue Accounts Filing	Yes	Filing deadline missed; risk of penalties or compliance issues
Company Status	Active	Company legally active but not trading
Directors	2	Both American nationals, business executives

Interpretation:
The financial vital signs resemble a patient in a state of rest or coma — the company is not currently "breathing" financially, showing no revenue or expenses. The minimal cash and net assets indicate no operational transactions. Overdue dormant accounts filing is like a missed medical checkup, potentially leading to regulatory penalties if not rectified promptly.

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3. Diagnosis

The company is dormant with no active trading or financial transactions during the period ending 31 July 2023. The balance sheet shows only the nominal share capital (£100) held as cash, with no other assets or liabilities. This suggests the company has not commenced or has paused its operational activities.

The overdue filing of dormant accounts is a symptom of administrative neglect that should be remedied to avoid regulatory consequences. Despite the lack of business activity, the company remains active on the register, indicating potential plans to activate or trade in the future.

The industry classification (manufacture of air and spacecraft and related machinery) suggests a capital-intensive sector, which typically requires significant investment before revenue generation — this dormancy could be part of a pre-trading phase.

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4. Prognosis

Without operational activity or investment, the company’s financial health remains stagnant. The prognosis depends heavily on future strategy:

• If the company intends to start trading and investing, early infusion of capital and clear business plans are essential to transition from dormancy to active status.
• If inactivity continues, risk of regulatory penalties increases, and the company may eventually be struck off or dissolved.
• The company’s clean balance sheet (no liabilities) provides a good foundation for future growth if management acts proactively.

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5. Recommendations

1. Immediate Compliance:
   File overdue dormant accounts without delay to avoid penalties and maintain good standing with Companies House.

2. Strategic Review:
   Directors should clarify and document the company’s plan — whether to commence trading, seek investment, or prepare for closure.

3. Financial Planning:
   If activating trading, prepare a cash flow forecast and capital raising plan to ensure healthy liquidity and ability to fund initial operations.

4. Governance:
   Maintain regular board meetings and ensure timely filing of statutory documents to avoid administrative symptoms of distress.

5. Monitoring:
   Track key financial metrics regularly once trading begins, focusing on cash flow, working capital, and profitability to ensure sustainable growth.

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