QUICK CAT LIMITED

Executive Summary

Quick Cat Limited, a newly established micro-entity IT consultancy, demonstrates initial solvency with positive net current assets and clean regulatory filings. However, reliance on director advances and limited financial history present moderate risk factors. Further due diligence on funding arrangements and operational performance is recommended to fully assess financial sustainability.

QUICK CAT LIMITED - Analysis Report

Company Number: 15055543

Analysis Date: 2025-07-20 15:59 UTC

1. Risk Rating: MEDIUM
   Quick Cat Limited is a recently incorporated micro-entity with modest net assets and positive net current assets, indicating initial solvency. However, the company’s reliance on director advances and limited operational history introduce some uncertainty regarding liquidity and longer-term stability.

2. Key Concerns:

• Director’s Advances: The company has £17,609 advanced by the director with no repayments recorded, which may indicate reliance on related-party funding instead of operational cash flow.
• Limited Financial History: Incorporated in August 2023, there is only one financial period reported, limiting the ability to assess trends or operational sustainability.
• Modest Net Current Assets: While positive, net current assets of £6,652 are relatively low and may not provide a strong buffer against short-term liabilities or unexpected expenses.

3. Positive Indicators:

• Positive Net Current Assets and Shareholders’ Funds: The company shows a positive working capital position and shareholder equity of £7,146, suggesting solvency at the balance sheet date.
• No Overdue Filings or Compliance Issues: The company is up to date with both accounts and confirmation statement filings, indicating good regulatory compliance to date.
• Clear Ownership and Control: Ownership is consolidated under a single director with 75-100% shareholding and voting rights, facilitating straightforward governance and decision-making.

4. Due Diligence Notes:

• Examine Director’s Advances: Investigate the nature of the £17,609 advance from the director, including terms, repayment plans, and whether this funding is sustainable or indicative of cash flow issues.
• Assess Revenue and Profitability Trends: Obtain management accounts or other internal financial data to understand current trading performance and cash flow dynamics beyond the single filed period.
• Evaluate Business Model and Client Base: Given the SIC code 62020 (Information technology consultancy), review contracts, client concentration, and market positioning to assess operational stability.
• Confirm Absence of Director Disqualifications or Legal Issues: While none are indicated here, verify director background checks to ensure no undisclosed governance risks.