W13 PROJECTS LIMITED

Executive Summary

W13 Projects Limited is currently in a dormant state with minimal financial activity and assets, typical of a newly incorporated company yet to commence trading. There are no signs of financial distress, but the absence of operational cash flow and assets limits growth potential. To improve financial health, the company should initiate business operations, build working capital, and maintain strict compliance with filing requirements to ensure a healthy financial trajectory.

W13 PROJECTS LIMITED - Analysis Report

Company Number: 15284668

Analysis Date: 2025-07-20 12:15 UTC

Financial Health Assessment: W13 PROJECTS LIMITED

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1. Financial Health Score: D

Explanation:
The company is newly incorporated and classified as dormant, showing minimal financial activity with only £1 in net assets and current assets. While not showing distress (no liabilities or losses), the financial data reveals a "symptom" of inactivity rather than healthy operational performance. The financial health grade is low due to lack of meaningful trading or financial movement, limiting the ability to assess true business vitality.

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2. Key Vital Signs

Metric	Value	Interpretation
Company Status	Active	The company is registered and operational in legal terms.
Account Category	Dormant	The company has not conducted significant financial transactions; no trading activity reported.
Current Assets	£1	Minimal cash or equivalent; indicates no operational cash flow or asset base.
Net Current Assets	£1	Positive but nominal; no working capital to support business operations.
Net Assets	£1	Equity value is minimal, reflecting initial capitalization only; no retained earnings or reserves.
Shareholder Funds	£1	Fully corresponds to net assets, indicating no debt or other liabilities.
Number of Employees	1	Sole director also the only employee; no workforce to generate revenue or handle operations.
Industry Classification (SIC)	41100	Development of building projects; sector typically capital intensive and requires active projects.
Directors	1 (Patrick Gerrard Doyle)	Single director with full control; concentration of decision-making power.

Interpretation:
The company’s “vital signs” are akin to a patient in early infancy or dormancy — alive but not yet active or showing metabolic signs of growth. The absence of trading data and minimal financial movement is a critical symptom indicating that the company is currently a shell or holding entity rather than an operational business.

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3. Diagnosis

W13 Projects Limited is in a dormant state, reflecting no active trading or business transactions since incorporation in November 2023. The financial statements confirm this with only £1 in net assets and no liabilities or income reported. This is typical for a very new company that has yet to commence operations or generate revenue.

The financial "symptom" here is one of inactivity rather than distress — there are no negative balances, debts, or losses, but equally, there is no evidence of business vitality such as cash flow, assets, or profitability.

The director holds 100% ownership and control, suggesting centralised governance, which could be advantageous for rapid decision-making once operations begin.

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4. Recommendations

• Commence Trading or Operational Activities: To move from dormancy to active business, the company should initiate its building project development activities to generate revenue and establish a financial track record.

• Maintain Compliance and Reporting: Continue timely filing of accounts and returns to avoid penalties and maintain the company in good legal standing.

• Build Working Capital: As projects start, focus on accumulating sufficient working capital (net current assets) to fund operational expenses and project costs. This "healthy cash flow" is vital for sustaining and growing the business.

• Consider Financial Planning: Develop a business plan and financial forecasts that include capital requirements, expected revenues, and cost management to diagnose potential future financial stresses early.

• Monitor Director and Governance Risks: With a single director controlling all shares and decisions, consider implementing internal controls or advisory support to mitigate governance risks.

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