Company Number: 15354169

Analysis Date: 2025-07-29 13:33 UTC

1. Credit Opinion: CONDITIONAL APPROVAL
   Quantux Ltd is a newly incorporated private limited company with minimal operating history and limited financial resources. The company has very modest net assets (£12) and current assets (£2,510) barely exceeding current liabilities (£2,498), indicating very thin working capital. However, there is no evidence of overdue filings or legal issues. The director appears to have full control and is engaged in company management. Approval for credit is conditional on close monitoring as the company establishes trading performance and builds financial resilience.

2. Financial Strength:
   The balance sheet shows extremely limited financial strength. Net assets stand at £12 driven by a nominal share capital of £1 and retained earnings of £11. Current assets total £2,510, mainly trade debtors (£2,257), and cash holdings are low (£253). Current liabilities are £2,498, comprised largely of taxation and social security liabilities (£1,910) and trade creditors (£451). The company’s net current assets are marginal at £12, reflecting a fragile liquidity position without any significant fixed assets or reserves.

3. Cash Flow Assessment:
   The company’s cash position is weak with only £253 in cash against nearly £2,500 in liabilities due within one year. The reliance on trade debtors to maintain working capital exposes the company to collection risk. Without a track record of cash flow generation or substantial liquid assets, the ability to meet short-term obligations is uncertain and will depend heavily on timely debtor payments and operational cash inflows. The company currently does not demonstrate strong liquidity or working capital buffers.

4. Monitoring Points:

• Improvement in net current assets and liquidity ratios as trading progresses
• Timely payment of taxation and social security liabilities to avoid penalties
• Collection efficiency on trade debtors and ageing profile
• Cash flow generation and operating profitability trends in subsequent periods
• Any changes in director or ownership structure that could impact governance or credit risk