Company Number: 15126468

Analysis Date: 2025-07-20 11:42 UTC

1. Credit Opinion: DECLINE
   Qubic Support Services Limited is a newly incorporated micro-entity with significant net current liabilities (£11,090 deficit) and negative net assets of the same amount as at 30 September 2024. The company has only been trading for just over one year, with a very limited asset base (£6,794 current assets) and creditors exceeding current assets by nearly threefold (£17,884). This weak balance sheet position indicates poor financial resilience and inability to meet short-term obligations without additional funding. Given the absence of profitability data and the negative equity, the company currently lacks sufficient financial strength to service debt or commercial credit facilities reliably. The directors are founders and controlling shareholders, but no track record of financial performance or management quality beyond initial setup is available.

2. Financial Strength:
   The balance sheet shows net liabilities of £11,090, primarily due to current liabilities of £17,884 exceeding current assets of £6,794. There are no fixed assets reported, indicating all assets are short-term in nature. Shareholders’ funds are negative, reflecting accumulated losses or initial funding deficits. The company’s micro-entity status and small workforce (2 employees) suggest limited scale. Without profitability or cash flow data, the financial position is fragile and dependent on external capital injections or improved trading results.

3. Cash Flow Assessment:
   Current liabilities nearly triple current assets, resulting in negative working capital of £11,090. This indicates potential liquidity risk and difficulty in covering short-term debts as they fall due. No information on cash or cash equivalents specifically is provided, but low current assets overall imply limited liquidity buffer. The company will require careful cash management and possibly additional funding to sustain operations and meet creditor demands.

4. Monitoring Points:

• Improvement in net current assets and movement towards positive working capital.
• Evidence of profitability or positive operating cash flows in future accounts.
• Timely filing of accounts and confirmation statements to maintain compliance.
• Any changes in director appointments or ownership structure that might impact governance or control.
• Development of fixed assets or long-term investments signaling business growth.
• Trends in creditor balances and payment terms with suppliers.