QUTRITHM LTD

Executive Summary

QUTRITHM LTD is an early-stage micro-entity with no financial history or assets, making it unsuitable for credit at this time. The company lacks liquidity, working capital, and operational performance data, posing a high credit risk. Recommend no credit extension until a trading record and positive financial indicators develop.

QUTRITHM LTD - Analysis Report

Company Number: 15024043

Analysis Date: 2025-07-20 15:56 UTC

1. Credit Opinion: DECLINE
   QUTRITHM LTD is a newly incorporated micro private limited company (incorporated July 2023) with no reported assets, liabilities, or financial activity as per the latest 2024 accounts. The company has neither fixed nor current assets, zero net assets, and no working capital. This absence of any financial substance or operational history makes it impossible to assess the company’s ability to service debt or meet commercial obligations at this stage. Additionally, the company employs only one person (likely the director) and has no trading history to indicate revenue generation or cash flow. Consequently, extending credit to this entity presents a high risk due to lack of financial track record and substance.

2. Financial Strength:
   The balance sheet as of July 31, 2024, shows zero fixed assets, current assets, and no liabilities. Shareholders’ funds are nil, indicating no equity injection beyond nominal share capital (not disclosed but implied). There is no working capital or tangible net worth. The micro-entity accounts confirm the absence of any trading activity or financial transactions. This financial position is typical for a start-up company at the very early stage but offers no collateral or financial buffer to support credit.

3. Cash Flow Assessment:
   No current assets or cash balances are reported, indicating the absence of liquidity. Without cash or receivables, the company cannot currently meet any short-term obligations. The company’s single director is the sole owner with full control, which may allow for capital injection if needed, but there is no evidence of such funds at present. The lack of operating cash flow or working capital is a significant concern for credit extension.

4. Monitoring Points:

• Monitor future filed accounts for the emergence of revenues, profits, and positive net assets.
• Track cash flow statements when available to assess operating liquidity trends.
• Review any further capital injections or director loans that improve financial strength.
• Keep an eye on payment behavior if any trade credit is extended.
• Watch for any changes in business activity or expansion evidence given the IT consultancy and software development SIC codes.