RMN LIMITED
Company number 06320406 · 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: RMN LIMITED (Company No. 06320406)
1. Financial Health Score: F
Grade Rationale: The company is classified as dormant, has never traded, carries persistent net liabilities of approximately £413,000 that have remained static for at least a decade, and is now subject to a proposal to strike off. There are no signs of operational viability, revenue generation, or asset recovery. This is a company in a terminal state awaiting formal closure.
2. Key Vital Signs
| Vital Sign | Reading | Interpretation |
|---|---|---|
| Company Status | Active – Proposal to Strike Off | The "pulse" is fading. A strike-off proposal indicates the company is in the process of being removed from the register. |
| Trading Activity | Dormant / Never Traded | The accounts state the company "has not traded during the year or the preceding financial period" and has "never traded." No income, no expenditure, no commercial heartbeat. |
| Net Assets | (£413,426) | Deeply negative. The company's liabilities far exceed any assets. This has been unchanged for at least 10 consecutive years, indicating no effort or ability to resolve the deficit. |
| Total Assets | £0 (2025), £162 (prior years) | Essentially nil. The minor £162 asset in prior years has now been eliminated. No reserves, no property, no cash on the balance sheet. |
| Total Liabilities | (£287,923) current + (£125,503) long-term | Persistent creditors remain on the books. The slight £162 reduction in current liabilities year-on-year corresponds with the disappearance of the £162 asset, suggesting a minor write-off or settlement. |
| Share Capital | £100 | Nominal only. The company was formed with a token share capital and has never built equity through trading. |
| Shareholders' Funds | (£413,426) | The accumulated deficit has been frozen for the entire visible 10-year history. |
| Filing Compliance | Up to date | Accounts and confirmation statements are filed on time. At least administrative hygiene is maintained. |
| Employees | 1 (including director) | The sole individual associated with the company is the current director, who also serves as secretary and is the person with significant control. |
3. Diagnosis
Overall Financial Condition: Terminal / Non-Viable
RMN LIMITED presents as a patient in a persistent vegetative state — legally alive but with no functional activity. The diagnosis is straightforward:
No Trading Activity: The accounts explicitly state that the company has never traded since its incorporation in July 2007. In 18 years of existence, it has generated no revenue, incurred no trading expenditure, and built no operational infrastructure. The SIC code (82990 – Other business support service activities) suggests an intended purpose that was never realised.
Chronic Negative Equity: The net liability position of £413,426 has been identical across every year of available financial history (2016–2025). This frozen balance sheet suggests these are legacy debts or obligations that were established early in the company's life and have never been addressed. The composition includes: - £287,923 in creditors due within one year - £125,503 in creditors due after more than one year
These figures may represent loans, intercompany balances, or other obligations, but with no trading activity to generate funds for repayment, they remain permanently outstanding.
Strike-Off Proceedings: The most critical symptom is the current "Proposal to Strike Off" status. This indicates that an application has been made (likely by the director) to have the company removed from the Companies House register. This is the corporate equivalent of palliative care — the decision has effectively been made that this entity should cease to exist.
Compliance as the Only Sign of Life: The company maintains its filing obligations, which is the minimum standard of corporate citizenship. The latest accounts were prepared on 20 June 2026 for the period ending 29 June 2025, and the director has signed off on dormant company exemptions under section 480 of the Companies Act 2006.
4. Recommendations
Given the terminal diagnosis, recommendations are limited to ensuring an orderly wind-down:
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Complete the Strike-Off Process: Ensure all requirements for voluntary strike-off are met under Section 1000 of the Companies Act 2006. The company must not have traded for at least three months, changed its name, or engaged in certain other activities. Given the dormant status, these conditions appear to be satisfied.
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Address Creditor Obligations Before Dissolution: The persistent liabilities of approximately £413,000 remain a concern. If the company is struck off, any unsatisfied creditors may apply to the court for restoration of the company within six years (under Section 1024 of the Companies Act 2006). The director should ensure that all known creditors have been notified of the strike-off application and that there are no outstanding disputes.
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Consider a Formal Insolvency Process: If the liabilities are genuine and cannot be satisfied, and if creditors are likely to object to a voluntary strike-off, the director may need to consider a formal liquidation process. A creditors' voluntary liquidation (CVL) would provide a structured framework for dealing with the outstanding debts and offer the director protection against future claims.
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Retain Records: Even after dissolution, statutory books and accounting records should be retained for the legally required period (typically six years from the date of dissolution) in case of any future restoration proceedings or creditor claims.
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Seek Professional Advice: The director should consult an insolvency practitioner to assess whether the strike-off route is appropriate given the level of liabilities, or whether a formal insolvency procedure would be more suitable and provide greater protection.