QWICK DESPATCH LTD

Executive Summary

Qwick Despatch Ltd is a newly established micro-entity with a positive short-term financial position and no current regulatory compliance issues, supporting a low immediate risk rating. However, the limited financial history and sole director control warrant close monitoring of operational performance and governance as the business develops. Further due diligence is advised to understand the company's business viability and management capabilities.

QWICK DESPATCH LTD - Analysis Report

Company Number: 15170263

Analysis Date: 2025-07-20 18:24 UTC

1. Risk Rating: LOW

The company is newly incorporated (September 2023) and classified as a micro-entity, with modest current assets exceeding current liabilities, indicating positive net working capital. No overdue filings or audit exemptions issues are noted. The single director and sole shareholder controls the company entirely, which simplifies governance but concentrates risk.

2. Key Concerns:

• Limited Financial History: Only one year of accounts available, limiting trend analysis or deeper financial stability assessment.
• Small Scale Operation: Micro-entity status with one employee and low asset base may indicate early-stage operational risk and limited capacity to absorb shocks.
• Single Person Control: Full control by one individual increases governance risk and potential lack of independent oversight.

3. Positive Indicators:

• Solvency Position: Positive net current assets (£3,436) and net assets, suggesting the company can meet short-term obligations.
• Compliance Status: No overdue accounts or confirmation statements, indicating good regulatory compliance to date.
• Clear Ownership and Management: Transparency in ownership and director details reduces uncertainty.

4. Due Diligence Notes:

• Review cash flow and income statements once available to assess operational sustainability and cash generation capability.
• Monitor future filings for consistency and growth trends.
• Investigate the business model in unlicensed carrier and removal services sectors for market viability and competitive positioning.
• Assess director’s experience and background given sole control, to evaluate management quality and governance practices.