Company Number: 14041109

Analysis Date: 2025-07-29 13:45 UTC

1. Risk Rating: LOW
   GQAI LIMITED demonstrates solid net asset growth, positive working capital, and timely filing compliance. As a micro-entity with modest liabilities relative to assets, the company appears financially stable at this early stage.

2. Key Concerns:

• Limited scale and operational history given incorporation in April 2022, which may restrict ability to absorb shocks.
• Absence of employees suggests dependence on directors or contractors; operational continuity risks if key individuals are unavailable.
• Lack of detailed profit & loss information or cash flow data limits insight into revenue generation and liquidity beyond balance sheet snapshots.

3. Positive Indicators:

• Net assets increased substantially from £17,661 in 2023 to £45,898 in 2024, indicating enhanced capital base or retained earnings.
• Positive net current assets of £45,055 provide comfortable short-term liquidity coverage.
• No overdue filings for accounts or confirmation statements, reflecting good regulatory compliance.
• Directors hold significant ownership and control, potentially aligning management incentives with company success.

4. Due Diligence Notes:

• Review underlying causes of net asset growth (capital injection vs. profit retention).
• Obtain profit and loss statements and cash flow details to assess operational performance and cash generation.
• Clarify business model and revenue sources given SIC code "Other retail sale not in stores, stalls or markets" and zero employees.
• Confirm absence of contingent liabilities or off-balance sheet risks despite declaration of none in accounts.
• Investigate director backgrounds for any undisclosed risks or governance issues.