SPRING LISNAGELVIN NOMINEES 1 LIMITED

Executive Summary

Spring Lisnagelvin Nominees 1 Limited is effectively a dormant micro-entity with minimal financial activity and negligible assets. The company shows no operational or financial health as a business and should consider formal dormant status or strategic review of its purpose. Maintaining compliance and clarifying future plans are essential to avoid administrative risks while inactive.

SPRING LISNAGELVIN NOMINEES 1 LIMITED - Analysis Report

Company Number: 13104373

Analysis Date: 2025-07-20 14:10 UTC

1. Financial Health Score:
   Grade: F (Critical Concern)
   Explanation: The financial data reveals that the company essentially presents as dormant with almost no financial activity or operational assets. With only £1 in current assets and shareholders’ funds, and no turnover or employees, the company shows symptoms of a non-operating entity. This is a sign of extremely poor financial health as a business entity, indicating no working capital, no revenue generation, and no business operations.

2. Key Vital Signs:

• Current Assets: £1 (extremely low, indicating no cash, no receivables, no inventory)
• Net Current Assets (Working Capital): £1 (virtually zero, signifies no ability to cover short-term obligations)
• Total Assets Less Current Liabilities: £1 (indicates no long-term assets or investments)
• Shareholders’ Funds (Equity): £1 (minimal capital investment, no retained earnings or reserves)
• Employees: None (zero operational workforce)
• Account Category: Micro (smallest filing requirements, consistent with minimal operations)
• Industry Classification: Dormant Company (SIC code 99999)
• No Revenue or Profit/Loss Data Reported (implied no business activity)

These vital signs are indicative of a company that is not currently trading or generating income, operating without any financial activity or resources.

3. Diagnosis:
   The company is effectively dormant, with negligible financial activity and no operational footprint. The "symptoms" here resemble a patient in a state of suspended animation—no financial pulse or metabolic activity. The company is not generating revenue, has no employees, and reports only the nominal value of £1 in assets and equity. This suggests that the company may be held as a shell, a nominee entity, or simply inactive. There is no evidence of financial distress per se because the company is not active, but this also means it is not contributing value or operating as a going concern.

4. Recommendations:

• Confirm Business Purpose: Clarify the company’s intended role (nominee holding, dormant status, or future activation).
• Consider Formal Dormant Status: If inactive, filing dormant accounts and confirming dormant status with Companies House could reduce administrative burdens and avoid unnecessary costs.
• Review Directors’ Plans: Directors should consider whether to activate trading operations, restructure, or dissolve the company if it is no longer needed.
• Maintain Compliance: Continue timely filing of accounts and confirmation statements to avoid penalties despite inactivity.
• Monitor for Activation: Should the company plan to trade or hold assets, ensure sufficient capital injection and establish clear financial controls to support future operations.
• Consult Legal/Tax Advice: For nominee companies, ensure proper legal compliance and transparency to avoid regulatory issues.

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