Company Number: 15274029

Analysis Date: 2025-07-29 12:18 UTC

Financial Health Assessment of WJIM GROUP LTD

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1. Financial Health Score: D

Explanation:
The financial health score of D reflects the company's current dormant status and minimal financial activity. The company shows extremely limited financial data, with net assets and cash at a nominal £2. This score indicates very limited operational or financial activity, which is typical for a dormant company but suggests that the company is not currently generating revenue or engaging in substantive business operations.

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2. Key Vital Signs

Metric	Value (£)	Interpretation
Net Assets	2	Extremely low net asset base, indicating negligible capital or retained earnings.
Cash	2	Minimal cash balance, showing no active cash flow or operational liquidity.
Issued Share Capital	100	£100 total share capital (50 shares A + 50 shares B), representing initial or nominal funding.
Account Status	Dormant	No trading or financial transactions during the latest financial year.
Company Status	Active	Registered and not dissolved or in liquidation, but inactive operationally.
Directors	1 Active	One current director, Wayne James Bennett; one resigned director.
Significant Control	Two PSCs	Ownership split between an individual and a holding company, both holding 25-50% shares.

Interpretation of Vital Signs:

• The company’s vital signs resemble a “patient in remission” or “hibernation,” with no active symptoms of business operations or financial distress but also no signs of growth or profitability.
• The micro-entity accounting provisions have been applied, reflecting the company’s minimal size and activity level.
• The balance sheet is static and nominal, which is common for dormant companies but limits insights into operational health.

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3. Diagnosis

• Dormant Status: The company is dormant, meaning it has not conducted any significant financial transactions during the reported period. This is a deliberate status often used for holding companies, inactive subsidiaries, or entities awaiting future activity.
• Financial Inactivity: The almost zero cash and net assets indicate no business activity, revenue, or expenses, aligning with the dormant filing exemption under section 480 of the Companies Act 2006.
• Ownership and Control: The presence of two persons with significant control, including a holding company and an individual, suggests the company may be intended for future use or as part of a larger corporate structure but currently lacks operational substance.
• No Financial Distress: There are no immediate symptoms of financial distress such as liabilities, losses, or negative equity. However, the lack of activity means the company is not generating business value at present.

Overall: The company is financially stable in the sense that it is not incurring losses or liabilities but is financially inactive and not contributing operational value.

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4. Recommendations

• Clarify Business Purpose: Confirm the company’s strategic role—whether it is intended to remain dormant, act as a holding vehicle, or prepare for future trading. This clarity will guide financial management and compliance needs.
• Monitor Compliance: Continue timely filing of dormant accounts and confirmation statements to avoid penalties and maintain good standing. Dormant companies still have statutory filing obligations.
• Plan for Activation or Closure: If the company is to become operational, develop a business plan to build working capital, generate revenue, and establish financial controls. Conversely, if no future activity is planned, consider formal dissolution to reduce administrative burdens.
• Maintain Minimal Cash: Ensure the company retains sufficient minimal cash to cover administrative costs such as filing fees.
• Governance Review: With a single active director and one resigned, ensure that governance arrangements are robust, including director duties and control structures, especially if the dormant status changes.

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Medical Analogy Summary

WJIM GROUP LTD is presently in a state akin to a patient in remission with no active symptoms of business operations ("dormant vital signs"). The balance sheet shows a heart barely beating financially—minimal cash and assets, but no distress signals. While the company is stable, it is essentially in a "financial coma" awaiting either reactivation or formal closure.

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