QUICKPAY UMBRELLA PAYROLL LIMITED

Executive Summary

QUICKPAY UMBRELLA PAYROLL LIMITED is a dormant entity with no trading history or financial substance, presenting no ability to service debt or sustain operations. Frequent management changes add to uncertainty and lack of business continuity. Consequently, this company is not creditworthy for lending or commercial credit at this stage.

QUICKPAY UMBRELLA PAYROLL LIMITED - Analysis Report

Company Number: 12501612

Analysis Date: 2025-07-29 20:32 UTC

1. Credit Opinion: DECLINE
   QUICKPAY UMBRELLA PAYROLL LIMITED is a dormant private limited company with minimal financial activity and extremely limited capital (£1 share capital). The absence of trading history, revenues, or any substantive assets indicates no capacity to service debt or generate cash flow. Additionally, frequent changes in directors and beneficial ownership within a short period raise concerns about business stability and management continuity. Given the lack of financial substance and trading operations, the company is unsuitable for credit facilities at this time.

2. Financial Strength:
   The company has consistently reported net assets and shareholders’ funds of £1 over multiple years, reflecting a dormant status with no trading or asset base. The balance sheet is effectively nominal, with no fixed or current assets, no retained earnings, and no liabilities reported. This indicates no financial strength or buffer to absorb shocks or support operational costs.

3. Cash Flow Assessment:
   The company reports negligible cash balances (£1), and as a dormant entity, it generates no cash flow from operations. There is no working capital to support any commercial activity, making liquidity nonexistent. This absence of cash flow capacity precludes any ability to service debt or meet financial obligations.

4. Monitoring Points:

• Monitor any change from dormant to active trading status, including the first set of trading accounts filed.
• Watch for increases in assets, revenues, or profitability to reassess creditworthiness.
• Keep track of director appointments and ownership changes for management stability.
• Confirm timely filing of accounts and confirmation statements to avoid compliance risks.