QURESHI IMAGING LTD

Executive Summary

Qureshi Imaging Ltd shows improved financial stability with positive net assets and strong working capital as of September 2024. The company’s small scale and limited financial disclosures warrant cautious approval, with ongoing monitoring of profitability and cash flow essential to support credit decisions. Overall, the business appears capable of meeting current obligations but requires close oversight for future credit extensions.

QURESHI IMAGING LTD - Analysis Report

Company Number: 12910929

Analysis Date: 2025-07-19 12:05 UTC

1. Credit Opinion: APPROVE with caution
   Qureshi Imaging Ltd is a micro-entity with a positive net asset position and improving working capital in its latest accounts. The company has demonstrated a recovery from previous years’ financial stresses, with shareholders’ funds rising from £71 in 2023 to £39,889 in 2024 and net current assets improving significantly. However, the business remains very small (one employee, low fixed assets), and the absence of a profit and loss account limits insight into profitability and cash generation. The company’s ability to repay credit facilities appears satisfactory at present but should be monitored given its small scale and limited financial disclosure.

2. Financial Strength:
   The balance sheet shows a solid improvement over the last two years. Fixed assets are minimal (£1,811), typical for a service-oriented small business. Current assets increased to £51,753 in 2024, primarily cash or receivables, while current liabilities rose moderately to £13,675. This yields net current assets of £38,078, a strong liquidity buffer. Shareholders’ funds increased substantially, indicating capital injections or retained earnings rebuilding equity after prior losses. Overall, financial strength is modest but improving, with no signs of insolvency risk.

3. Cash Flow Assessment:
   The working capital position is positive and improving, indicating the company can meet short-term obligations comfortably. Current liabilities are well covered by current assets (current ratio approx. 3.8x). However, no detailed cash flow statement or profit and loss data was filed, so cash flow from operations cannot be directly assessed. The company’s liquidity position appears sufficient for its current scale, but the lack of comprehensive financial statements necessitates caution on cash flow sustainability.

4. Monitoring Points:

• Profitability and cash flow trends once detailed accounts including P&L are available.
• Changes in current liabilities levels or payment delays to suppliers.
• Any increase in debt or credit facilities taken that may impact liquidity.
• Business growth plans or capital expenditure that could affect financial stability.
• Continuity of director management and any changes in company control or ownership.