Company Number: 13887474

Analysis Date: 2025-07-20 16:59 UTC

1. Risk Rating: HIGH
   The company QUICK FIX (YORK) LTD exhibits significant solvency and liquidity concerns as evidenced by persistent and growing net current liabilities and negative shareholders’ funds over consecutive years.

2. Key Concerns:

• Negative Net Current Assets: The company’s net current liabilities worsened from £51,522 in 2023 to £92,626 in 2024, signaling a substantial shortfall in meeting short-term obligations.
• Negative Shareholders’ Funds: Accumulated losses are deepening, with net liabilities increasing from £41,175 in 2023 to £84,548 in 2024, indicating erosion of equity capital.
• High Director’s Loan Liability: A sizeable director’s loan of £83,987 (up from £44,300) contributes heavily to current liabilities, raising questions about external financing and potential repayment risks.

3. Positive Indicators:

• Active Trading and Growing Debtors: Trade debtors increased from £8,914 to £13,880, evidencing ongoing sales activity and customer engagements.
• Stable Fixed Assets: The company holds tangible fixed assets valued at £8,078, supporting operational capacity in their construction installation sector.
• Compliance with Filing Requirements: No overdue accounts or confirmation statement filings, showing regulatory compliance.

4. Due Diligence Notes:

• Investigate the nature and terms of the director’s loan and its impact on cash flow and solvency.
• Review cash flow forecasts and working capital management strategies to understand liquidity plans.
• Assess profitability trends, cost control measures, and business model sustainability given growing losses.
• Confirm the company’s ability to continue as a going concern given current financial position.
• Verify any contingent liabilities or off-balance sheet obligations not disclosed in filleted accounts.