TIBOO UK LTD
Company number 07121977 · 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 Score: D (Weak)
For a company that has reported net assets of £1 for each of the last ten years, this is effectively a financial flatline. While there are no debts or signs of distress, there is also no evidence of any business activity, growth, or value generation.
Key Vital Signs
| Metric | Current Value | Interpretation |
|---|---|---|
| Net Assets | £1 | Minimal – essentially a shell with no economic substance. |
| Cash at Bank | £1 | Trivial – not enough to cover even minor operational costs. |
| Shareholders’ Funds | £1 | Equity is negligible; no retained earnings or capital growth. |
| Current Liabilities | £0 | No short‑term debts – positive but reflects inactivity. |
| Trading History | Dormant (last 10 years) | No sales, no costs, no profit – the business has not been operating. |
Diagnosis
The company is in a state of frozen dormancy. The financial records show it has never traded (or has ceased trading entirely) and holds only the minimum share capital of £1. The balance sheet is static year after year.
- Symptoms: No revenue, no expenses, no assets beyond cash, no liabilities.
- Underlying condition: The company serves no current business purpose. It is either a dormant shell awaiting future use or a legacy entity that should be dissolved.
- Risk factors: While there is no financial distress, the lack of activity means the company is not creating value for its shareholder. If it was intended to trade, it has failed to launch. If it was a holding company for intangible assets (e.g., a brand name), those assets are not recorded on the balance sheet.
Prognosis
The outlook is neutral to negative unless the dormant status is addressed:
- If the company remains dormant – no change; it will continue as a negligible balance sheet entity, incurring statutory filing costs and potential penalties if filing deadlines are missed.
- If it intends to trade – a major injection of capital, operational plans, and revenue generation would be needed to create any financial health.
- If it has no purpose – the likely outcome is eventual dissolution (voluntary strike‑off or liquidation), as maintaining a dormant company adds no benefit and may become a compliance burden.
Recommendations
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Decide on the company’s purpose. The sole director (name shown to subscribers) should ask: Why does this company still exist? If there is no strategic reason (e.g., holding an IP trademark, awaiting a future project), consider dissolving it to avoid ongoing filing obligations.
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If the company is to be revived for trading – prepare a business plan, raise funding, and file dormant accounts only until trading begins. Then file full accounts reflecting revenue, costs, and assets.
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If the company is genuinely dormant but needed (e.g., a shelf company) – ensure all confirmation statements and dormant accounts are filed on time to remain compliant. No further action is required other than record‑keeping.
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Consider a voluntary strike‑off (form DS01) if the company has no liabilities, assets, or ongoing contracts. This eliminates the cost and administrative burden of maintaining a dormant entity.