WORKFORCE SUPPORT LTD

Executive Summary

WORKFORCE SUPPORT LTD is currently dormant with minimal financial activity, reflected in a simple balance sheet and nominal cash reserves. The company shows no signs of financial distress but lacks operational performance data to assess full financial health. To progress, the company should activate operations and focus on building sustainable cash flow and capital structure.

WORKFORCE SUPPORT LTD - Analysis Report

Company Number: 15322592

Analysis Date: 2025-07-29 16:05 UTC

Financial Health Assessment for WORKFORCE SUPPORT LTD

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1. Financial Health Score: D

Explanation:
The company is currently in a dormant state with minimal financial activity. While dormancy itself is not a sign of distress, the lack of operational financial transactions means there is no active cash flow or revenue generation to sustain or grow the business. This early stage or inactive status places the company in a low financial health band, pending future operational activity.

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2. Key Vital Signs

Metric	Value	Interpretation
Status	Active	Company is registered and not dissolved or in liquidation, allowing future operations.
Account Category	Dormant	No significant financial transactions during the year; no trading activity recorded.
Cash at Bank	£60	Minimal liquidity; healthy cash flow absent but normal for dormant status.
Net Assets	£60	Solely represented by issued share capital; no retained earnings or liabilities.
Shareholders’ Funds	£60	Reflects initial capital; no accumulated profits or losses.
Director	Single (Surinder Kaur)	Full control by one director and majority shareholder; centralized decision-making.
Industry Classification	Management consultancy (non-financial)	Business sector defined but not yet active operationally.
Filing Compliance	Up to date	No overdue filing or penalties, indicating good compliance with legal requirements.

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3. Diagnosis

The company is akin to a patient in a state of rest or dormancy—there are no symptoms of operational activity or financial stress. The balance sheet is extremely simple, showing only the nominal share capital of £60 and minimal cash reserves. This suggests the company is newly formed or intentionally inactive, possibly awaiting future business development or investment.

The absence of trading activity means there are no revenues, expenses, or profits to analyze, so traditional financial health indicators like liquidity ratios, profitability, or gearing are not applicable at this stage.

The director, Ms. Surinder Kaur, holds full control, which can be a strength for decisive governance but also concentrates risk. The company is compliant with all filing deadlines, indicating good administrative health.

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4. Recommendations

• Activate Operations: To improve financial health, the company should commence trading or operational activities to generate revenues and positive cash flow. This will provide vital signs such as income streams and expenses to monitor business performance.

• Capital Planning: Consider injecting working capital or securing funding to support initial operating expenses and growth, especially if entering a competitive consultancy market.

• Financial Record-Keeping: Maintain accurate and timely financial records once active, to enable meaningful financial analysis and early detection of any distress symptoms such as cash flow shortages or rising liabilities.

• Governance: With control centralized in one director, ensure robust governance practices and possibly consider advisory support to mitigate risks of single-person decision-making.

• Compliance Vigilance: Continue adhering to filing and statutory requirements to avoid penalties and maintain good standing, which reflects well on the company’s administrative health.

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