XERIS SECURITY LTD

Executive Summary

XERIS SECURITY LTD is currently a dormant company with minimal financial activity, reflecting its early stage of existence. The company's financial health is stable but inactive, with no trading results to assess profitability or growth. Moving forward, the priority should be to commence trading activities and build operational cash flow while maintaining regulatory compliance.

XERIS SECURITY LTD - Analysis Report

Company Number: 14616580

Analysis Date: 2025-07-29 18:38 UTC

Financial Health Assessment for XERIS SECURITY LTD

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1. Financial Health Score: D

Explanation:
XERIS SECURITY LTD is in the very early stages of its business lifecycle, having been incorporated in January 2023. The company is currently classified as dormant, with minimal financial activity reflected in its accounts. The score "D" reflects the nascent state of the company with very limited financial data available, indicating that it is not yet generating business operations or revenue. This is not a sign of distress but rather a state of inactivity or pre-operational phase. However, the absence of trading restricts any meaningful positive financial health indicators at this stage.

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2. Key Vital Signs

Metric	Value	Interpretation
Company Status	Active	Company is legally registered and operational in principle.
Account Category	Dormant	No significant financial transactions during the year.
Cash Balance	£1	Minimal cash, typical for dormant companies.
Net Assets	£1	Reflects nominal share capital, no growth or retained earnings.
Shareholders’ Funds	£1	Equity limited to initial share capital only.
Directors	1 (Eris Halilaj)	Single director with full control, no board diversity yet.
SIC Code	80100 (Private security activities)	Industry classified, but no operational data.

Interpretation:

• The "vital signs" indicate a company in a quiescent (dormant) state, akin to a patient in a medically induced coma—there is no active metabolism or financial “heartbeat” yet.
• The minimal cash and net assets reflect the initial capital injection only, with no trading activity or operational income/expenses.
• The company is compliant with filing deadlines, indicating good administrative health.

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3. Diagnosis

XERIS SECURITY LTD is effectively in a start-up or pre-operational phase, with no trading activity reported for its first financial year. The dormant status means that the company has not yet engaged in business operations, generating neither revenue nor costs. This could be a strategic decision during initial setup, or a delay in commencing trading.

There are no symptoms of financial distress, such as accumulated losses, excessive liabilities, or negative cash flow, because the company has not begun trading. However, the lack of operational data also means there is no evidence of financial strength or growth potential at this time.

The sole director and significant controller, Mr. Eris Halilaj, holds full ownership and control, which simplifies governance but also concentrates risk and decision-making responsibility.

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4. Recommendations

• Commence Trading or Business Activities: To move from dormancy to active status, the company should initiate its business operations as soon as it is ready. This will allow cash flow generation and revenue recognition, which are essential for financial health improvement.

• Maintain Compliance: Continue timely filing of accounts and confirmation statements to avoid penalties and maintain good standing with Companies House.

• Monitor Cash Flow: Once operational, establish robust cash flow management to avoid liquidity issues. Healthy cash flow is vital for sustaining operations and growth.

• Governance and Controls: As the company grows, consider expanding the board or appointing additional directors to diversify oversight and expertise.

• Financial Planning: Develop a detailed budget and financial forecast to anticipate capital needs and profitability timelines. Early financial planning can act like a preventive health check, catching potential issues before they escalate.

• Seek Professional Advice: Engage with financial and legal advisors when transitioning to active status to ensure all regulatory and operational requirements are met smoothly.

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