TULIP DEVELOPMENTS (NOTTS) LLP

Executive Summary

Tulip Developments (Notts) LLP has ceased trading and disposed of its investment properties, resulting in a zero-asset financial position. The company is effectively dormant, with no current operations or employees, indicating a transitional phase likely toward closure or restructuring. Immediate clarity on future plans and formal wind-up or reactivation steps are recommended to ensure financial and legal compliance.

TULIP DEVELOPMENTS (NOTTS) LLP - Analysis Report

Company Number: OC434262

Analysis Date: 2025-07-20 18:46 UTC

Financial Health Assessment for TULIP DEVELOPMENTS (NOTTS) LLP

---

1. Financial Health Score: C

Explanation:
The company shows significant changes during the latest reporting period, with a complete disposal of its investment properties and a cessation of trading as at 31 March 2024. While previously holding substantial assets, the current financial statements show a lack of operational assets and liabilities, indicating a transitional or wind-down phase. This results in a cautious score of C, reflecting uncertainty and the symptoms of financial distress despite no immediate insolvency indicators.

---

2. Key Vital Signs

Metric	Value (2024)	Interpretation
Fixed Assets (Investment Properties)	£0	Previously £4.51 million; full disposal indicates exit from core asset base or business.
Current Assets	£0	No short-term liquid assets recorded; no cash or receivables visible.
Current Liabilities	£0	Creditors of £155,259 removed this year; no current liabilities now recorded.
Non-current Liabilities	£0	Previous creditors of £2.65 million cleared, likely following asset disposal.
Net Assets	£0	Net assets have dropped from £1.7 million to zero, reflecting asset transfer out of LLP.
Trading Status	Ceased as at 31 March 2024	No trading activity during the latest period; break-up basis accounting applied.
Employee Count	0	No employees, signaling business inactivity or closure phase.
Loans and Debts Due to Members	£0	Previously £1.7 million; now cleared, indicating settlement with members or redistribution.

Interpretation:
The vital signs reveal the company has disposed of all investment properties and ceased trading as of the period end. The clearing of liabilities and loans due to members suggests a wind-up or restructuring phase. The balance sheet effectively shows a company that is no longer operational with no remaining financial assets or liabilities.

---

3. Diagnosis

Underlying Financial Health:
TULIP DEVELOPMENTS (NOTTS) LLP exhibits symptoms akin to a patient in recovery or terminal phase of an illness. The disposal of all investment properties—the company’s main assets—combined with a cessation of trading and zero employees, indicates the company is either liquidating its business operations or undergoing a significant restructuring. The application of break-up basis accounting confirms the company is preparing for closure or distribution of remaining value to members.

There are no overdue filings or indications of insolvency proceedings, which is a positive sign. However, the absence of current assets and liabilities creates a scenario of "financial dormancy" with no active business operations. This is a critical warning sign for stakeholders that the LLP is no longer generating income or holding assets, making it essentially a "non-viable" financial entity at present.

---

4. Recommendations

• Clarify Business Intentions: Members should explicitly communicate their plans regarding whether the LLP will be formally dissolved, restructured, or reactivated. Transparency will help stakeholders understand the prognosis.

• Formal Wind-Up Procedures: If closure is intended, initiate formal liquidation or dissolution procedures to avoid lingering legal or tax complications.

• Member Settlements: Ensure all financial obligations to members are settled promptly, confirming there are no outstanding debts or claims.

• Tax and Compliance Review: Conduct a final tax review to confirm all liabilities are addressed prior to dissolution or reactivation.

• Future Planning: If intending to restart operations or pivot business focus, develop a clear plan with capital infusion and asset acquisition to restore financial health.

---

Summary

TULIP DEVELOPMENTS (NOTTS) LLP shows clear signs of business cessation, with no remaining assets or liabilities and a break-up basis of accounting applied. While no immediate distress or insolvency is reported, the company is effectively dormant with an uncertain future. Prompt decisions on closure or revival will be critical to determine its financial prognosis.