SPIROTECH SERVICE & MAINTENANCE LIMITED

Executive Summary

Spirotech Service & Maintenance Limited is a recently incorporated dormant company with minimal financial activity, reflecting a stable but inactive financial condition. The company is compliant with filing requirements and has a clear governance structure, but lacks operational financial data needed to assess active business health. To improve financial wellness, the company should consider commencing trading and implementing robust financial management systems.

SPIROTECH SERVICE & MAINTENANCE LIMITED - Analysis Report

Company Number: 14368455

Analysis Date: 2025-07-29 13:45 UTC

Financial Health Assessment Report for SPIROTECH SERVICE & MAINTENANCE LIMITED

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1. Financial Health Score: Grade D

Explanation:
The company is currently dormant with minimal financial activity and negligible reported assets (£100 cash and net assets). While there are no signs of distress, the absence of operational financial data and business activity limits the ability to assess financial vitality. The score reflects a "resting state" rather than active health, indicating that the company is currently inactive but compliant with filings.

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2. Key Vital Signs

Metric	Value (2024)	Interpretation
Status	Active	The company is registered and not dissolved or in liquidation.
Account Category	Dormant	No significant financial transactions during the year.
Cash at Bank & In Hand	£100	Minimal cash balance, consistent with dormancy.
Net Assets	£100	Very low net asset base, reflecting no operating assets or liabilities.
Shareholders' Funds	£100	Equity matches net assets, indicating no debt.
Filing Compliance	Up to date	No overdue filings, indicating compliance with regulatory requirements.
Directors & Control	3 Directors; PSCs have control	Governance structure in place with clear ownership.

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3. Diagnosis

Underlying Business Health:
Spirotech Service & Maintenance Limited is in a dormant state since incorporation in September 2022. The financial "vital signs" suggest the company has not commenced active trading or business operations. The balance sheet is effectively symbolic, showing nominal capital (100 shares at £1 each) and cash holdings, which is typical for a newly formed dormant company.

There are no symptoms of financial distress such as liabilities, declining assets, or negative equity. However, the absence of revenue, expenses, or operational data means we cannot evaluate profitability, cash flow health, or working capital adequacy — all critical indicators of business vitality.

The governance structure is sound with three active directors and clear persons with significant control (PSCs) owning substantial shares and voting rights. The company is compliant with filing deadlines and regulatory requirements, which is a positive sign of management diligence.

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4. Recommendations

• Activate Business Operations or Continue Dormancy:
  If the company intends to trade, it should prepare for active financial management including budgeting, cash flow monitoring, and maintaining working capital. Establishing operational financial metrics will enable a more comprehensive health assessment in the future.

• Maintain Regulatory Compliance:
  Continue timely filing of accounts and confirmation statements to avoid penalties and maintain good standing.

• Develop Financial Infrastructure:
  Set up accounting systems and regular financial reporting processes to capture vital signs such as profitability, liquidity, and solvency once trading begins.

• Capital Planning:
  Assess capital requirements and funding sources if business activation is planned to ensure healthy cash flow and adequate net assets.

• Risk Monitoring:
  Even as dormant, monitor any potential liabilities or changes in ownership/director status that could impact future financial health.

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Medical Analogy:
Currently, Spirotech is in a state of "financial hibernation"—its vital signs are stable but minimal, like a patient at rest without signs of illness or activity. There are no symptoms of distress, but also no indicators of active metabolic (business) function. To move to a "healthy, active state," the company must begin operating and generating measurable financial activity.

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