TREGENNA O&S (SPV 15) LTD

Executive Summary

TREGENNA O&S (SPV 15) LTD currently exhibits a micro-entity financial profile with minimal asset base and negative working capital, indicating limited operational activity and potential liquidity constraints. While compliant and solvent, the company should focus on improving capital structure and working capital management to strengthen its financial health and prepare for future business needs.

TREGENNA O&S (SPV 15) LTD - Analysis Report

Company Number: 14555582

Analysis Date: 2025-07-29 18:48 UTC

Financial Health Assessment for TREGENNA O&S (SPV 15) LTD

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1. Financial Health Score: D

Explanation:
This score reflects a company with minimal financial activity and very limited asset base, showing symptoms of financial inertia rather than dynamic health. While there are no signs of insolvency or distress, the numbers suggest the company is not yet building financial strength or operational momentum.

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2. Key Vital Signs

Metric	Value (Year Ending 31 Mar 2025)	Interpretation
Fixed Assets	£5,035	Small asset base, slight increase from prior year, indicating limited capital investment.
Current Assets	£100	Minimal liquid or short-term assets, signaling very low working capital.
Current Liabilities	£5,035	Liabilities equal fixed assets, which may indicate payables or short-term debt matching assets.
Net Current Assets	-£4,935	Negative working capital "symptom"—current liabilities exceed current assets by a large margin.
Net Assets (Shareholders’ Funds)	£100	Very low equity base, indicating minimal retained earnings or capital injection.
Employees	0	No employees, suggesting no active operational business or very small scale.
Company Status	Active	Company is registered and operational but with minimal operational footprint.

Interpretation of Vital Signs:

• The company shows a static financial position with very low net assets and minimal current assets.
• The negative net current assets indicate a working capital deficiency, which is a warning "symptom" in financial health, as it may signal liquidity challenges if liabilities come due.
• The fixed assets are modest and entirely offset by current liabilities, showing limited buffer for operational flexibility.
• Absence of employees suggests the company may be dormant in terms of business activity or is a holding/SPV entity with limited operations.
• Positive is the absence of overdue filings or insolvency status, indicating compliance and no immediate distress.

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3. Diagnosis

TREGENNA O&S (SPV 15) LTD reflects the financial profile of a micro-entity with minimal financial activity and asset base. The company’s balance sheet suggests it is likely a special purpose vehicle (SPV) or holding entity rather than an active trading business. The negative net current assets "symptom" implies potential liquidity risk if the company were to engage in operational activities requiring cash outflows. However, the very low scale and likely limited operational scope reduce immediate risk.

The equity base is minimal (£100), which is typical for newly incorporated or micro companies but does mean there is limited capital cushion for absorbing losses or funding growth. The asset structure and liabilities suggest a "flatline" financial condition without growth or decline but with potential vulnerability if liabilities crystallize or new funding is not secured.

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4. Recommendations

• Improve Working Capital Management: The company should aim to increase current assets or reduce current liabilities to reverse the negative net working capital trend. This could involve better cash management or restructuring short-term obligations.
• Increase Capital Base: Consider capital injection or retained profit accumulation to build shareholders’ funds, improving financial resilience.
• Operational Review: Confirm the company’s business purpose—is it an SPV, holding company, or dormant? If intended to trade, developing a business plan with revenue generation and cost control is critical.
• Monitor Compliance: Continue timely filing of accounts and confirmation statements to avoid penalties and maintain creditor and stakeholder confidence.
• Liquidity Planning: Maintain a healthy cash position to avoid "cash flow distress" symptoms, especially if operational activity ramps up.
• Strategic Planning: If the company is to remain an SPV or holding company, ensure proper governance and asset management to safeguard the minimal asset base.

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