Company Number: 13458911

Analysis Date: 2025-07-20 17:36 UTC

Financial Health Assessment for QUICK LIQUOR CO. LIMITED as of 30 June 2024

---

1. Financial Health Score: D

Explanation:
The company exhibits significant financial distress, indicated by a deeply negative net asset position and net current liabilities exceeding current assets by a large margin. This grade reflects a weakened financial condition with urgent need for corrective measures to restore liquidity and solvency.

---

2. Key Vital Signs

Metric	2024 Value (£)	Interpretation
Current Assets	11,882	Very low short-term resources to cover immediate obligations
Current Liabilities	125,059	Very high short-term debts due within one year
Net Current Assets	-113,177	Severe working capital deficiency ("symptom of cash flow distress")
Net Assets (Shareholders Funds)	-114,377	Negative equity indicates insolvency risk ("symptom of balance sheet weakness")
Average Number of Employees	Nil	No staff employed, suggesting minimal operational activity

• Liquidity Status: The company has a "dry cough" of financial health: its current liabilities far exceed current assets, indicating potential difficulty in meeting short-term debts.
• Solvency Status: Negative shareholders' funds indicate the company owes more than it owns, a classic "sign of sickness" in financial terms.
• Operating Activity: No employees and micro-entity filings suggest a very small or dormant operational footprint.

---

3. Diagnosis

The financial "pulse" of QUICK LIQUOR CO. LIMITED is weak. The company is operating with a significant working capital deficit and negative net worth, which are critical "symptoms" of financial distress. The deterioration from a positive net asset position in 2023 (£105,478) to a negative one in 2024 (-£114,377) represents a sharp decline, akin to a rapid deterioration in patient vital signs.

The business is at risk of insolvency if the current trend continues, as its liabilities vastly outstrip assets. The absence of employees suggests minimal operational activity or possibly a non-trading status in practical terms, although the company remains active legally.

The overdue confirmation statement filing (due 2025-06-29 but not yet filed) adds a compliance red flag, which can exacerbate financial stress through penalties or regulatory scrutiny.

---

4. Recommendations

• Immediate Cash Flow Management:

  • Prioritize collection of any outstanding receivables or injection of fresh capital from shareholders or external investors to improve liquidity.
  • Negotiate with creditors to restructure or extend payment terms to avoid default.

• Balance Sheet Rehabilitation:

  • Consider capital infusion or debt forgiveness to restore positive net assets.
  • Explore asset sales if any non-essential fixed assets exist, though none are reported.

• Operational Review:

  • Assess whether the business is currently trading or effectively dormant. If dormant, consider formal dormant status or dissolution to avoid ongoing liabilities.
  • If trading, develop a robust business plan to return to profitability with controlled expenses.

• Compliance and Governance:

  • File the overdue confirmation statement immediately to avoid penalties and maintain good standing.
  • Engage with a financial advisor or insolvency practitioner if insolvency risk escalates.

• Monitoring:

  • Implement regular financial monitoring ("vital signs check-ups") to detect early signs of further distress.
  • Prepare management accounts monthly to track cash flow and solvency closely.

---