SPEEDY IP SERVICES LTD

Executive Summary

Speedy IP Services Ltd currently exhibits excellent financial health as a dormant company, with zero financial activity and no liabilities. Compliance with filing requirements is timely, reflecting good governance. The company is well-positioned to begin trading when ready, provided it implements sound financial management practices upon activation.

SPEEDY IP SERVICES LTD - Analysis Report

Company Number: 14812298

Analysis Date: 2025-07-29 14:14 UTC

Financial Health Assessment of SPEEDY IP SERVICES LTD

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1. Financial Health Score:

Grade: A (Dormant Status)
Explanation: The company is currently dormant, meaning it has not engaged in trading or financial transactions since incorporation. This status reflects no financial activity, no liabilities, and no assets, which is typical and expected for a dormant entity. There are no signs of financial distress or risk since there are no cash flow obligations or operational expenses.

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2. Key Vital Signs:

Vital Sign	Value	Interpretation
Status	Active, Dormant	The company is registered and compliant but inactive.
Turnover	£0	No revenue generated, consistent with dormancy.
Fixed Assets	£0	No investments or operational assets.
Current Assets	£0	No cash, receivables, or stock held.
Current Liabilities	£0	No debts or payable obligations.
Net Assets	£0	No shareholder equity, typical for a dormant company.
Employees	0	No staff employed, consistent with dormancy.
Filing Compliance	On time	Accounts and returns filed on schedule, indicating good governance.

Interpretation: The "vital signs" show a company in a state of financial rest. There are no financial inflows or outflows, and no obligations or assets recorded. The company’s financial "pulse" is stable but inactive.

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3. Diagnosis:

The financial "symptoms" indicate SPEEDY IP SERVICES LTD is in a dormant phase with no trading activity or financial transactions during the reported periods since incorporation in April 2023. Dormant status means the company is essentially in a state of hibernation—no cash inflows, no expenses, no liabilities, and no assets. This is common for newly incorporated companies that have not yet commenced business operations or are holding their status for strategic reasons.

There are no "signs of distress" such as negative net assets, overdue filings, or liabilities. The director is maintaining compliance diligently with all filings done on time. The company’s financial health is stable but inactive, and the absence of any financial activity means there is no risk of insolvency or financial strain at this time.

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4. Recommendations:

• Commencement of Trading: If the company plans to start operations, ensure adequate capital funding and prepare for active accounting and cash flow management. Transitioning from dormancy to activity requires establishing revenue streams and managing expenses for healthy financial operations.

• Maintain Compliance: Continue to file accounts and confirmation statements on time to avoid penalties and maintain good standing with Companies House.

• Review Business Plan: Evaluate the timing and scale of business activities to avoid unexpected financial strain. If the company remains dormant for long, consider whether it remains cost-effective to maintain the company.

• Financial Reporting: Once trading starts, implement robust bookkeeping and financial controls to monitor cash flow, liabilities, and profitability closely—akin to monitoring vital signs in a patient to detect early symptoms of financial distress.

• Director Oversight: The sole director, Mr Elliot Longman, should regularly review company strategy and financial position, ensuring readiness to respond quickly to any operational or financial changes.

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Summary

SPEEDY IP SERVICES LTD is financially stable as a dormant company with no trading activity or financial transactions since incorporation. The company's financial "vital signs" are consistent with inactivity, showing no assets, liabilities, or revenue. Compliance is up to date, indicating good administrative health. While currently in a "resting state," readiness to commence trading should include careful financial planning and monitoring to ensure a healthy financial future.