EXITT LTD
Company number 11568410 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
Financial Health Assessment: EXITT LTD
1. Financial Health Score: F (Critically Low Vitality)
The company receives the lowest grade because it exhibits no financial activity, no revenue, and negligible assets. While it is not in distress (no debts or overdue filings), it lacks the fundamental signs of an operating business. The financial vitals are essentially flatlined, indicating a state of suspended animation rather than active health.
2. Key Vital Signs
| Metric | Value | Interpretation |
|---|---|---|
| Net Assets | £1 | Essentially zero substance; the company holds no meaningful assets or working capital. |
| Shareholders’ Funds | £1 | Minimal equity; no retained earnings or accumulated reserves. |
| Turnover | £0 | No income generated; the business has never traded. |
| Current Liabilities | £0 | No debts, but also no credit history or supplier relationships. |
| Filing Compliance | Up to date | A positive sign: the company meets its statutory obligations. |
| Share Capital | £1 (one ordinary share) | A single share held by the majority PSC; ownership is concentrated. |
3. Diagnosis: Financial Coma (Dormant Company)
The financial data reveals a company that has been in a dormant state since incorporation in 2018. It has never traded, carries no assets beyond the nominal share capital, and generates no income. The accounts consistently show net assets of £1, and the latest filing confirms exemption under section 480 of the Companies Act (dormant company status). The company is compliant with filing deadlines, which is the only healthy vital sign. However, there are no symptoms of distress—no debt, no losses, no legal issues—but also no pulse of economic activity. The company is a shell, legally alive but financially inert.
4. Recommendations
- If the company is intended for future trading: Consider injecting fresh capital (e.g., a director’s loan or additional share capital) and developing a business plan to activate operations. The current structure is a blank slate, but it needs funding and commercial activity to become viable.
- If the company is no longer needed: The most prudent action is to apply for voluntary strike-off (dissolution). This avoids ongoing filing obligations and potential penalties for non-compliance if the dormant status changes.
- If the company is held as a “shelf” company for future use: Maintain a watchful eye on filing deadlines and ensure the dormant status is preserved. No further action is required, but the company has zero financial resilience and cannot absorb any shocks.
Executive Summary