UBIQPAY TECHNOLOGY LTD

Executive Summary

Ubiqpay Technology Ltd is an early-stage micro-entity with a weak balance sheet marked by negative net assets and significant working capital deficits. The company currently lacks liquidity and proven cash flow to service debt or trade credit, presenting high credit risk. Credit approval is not recommended without substantial financial support or security, and ongoing monitoring of capital injections and operational progress is essential.

UBIQPAY TECHNOLOGY LTD - Analysis Report

Company Number: 14599990

Analysis Date: 2025-07-29 14:04 UTC

1. Credit Opinion: DECLINE
   Ubiqpay Technology Ltd is a newly incorporated micro private limited company with its first accounts filed for the year ended 31 January 2024. The financials show a negative net asset position of £3,753 and net current liabilities of £2,612, indicating weak financial footing and insufficient working capital. The company has minimal current assets (£33) against current liabilities (£2,645), suggesting limited liquidity to meet short-term obligations. There is no evidence of revenue or profitability yet, which is typical for a start-up but increases credit risk. The directors are foreign-based and the company operates in a niche service sector, adding some operational complexity. Given these factors, the company currently lacks the financial strength and cash flow stability to support external credit without significant security or guarantees.

2. Financial Strength:
   The balance sheet is very weak with negative net assets and net current liabilities, reflecting an undercapitalized position. The company’s called-up share capital is minimal and unpaid capital of £4 is noted, further limiting equity resources. The accruals and deferred income of £1,145 contribute to short-term liabilities. The lack of fixed assets and extremely low current assets imply the company has limited tangible resources and relies heavily on external funding or shareholder support. As a micro-entity, limited financial disclosures reduce transparency, but the negative equity and working capital deficit highlight vulnerability.

3. Cash Flow Assessment:
   Current assets of only £33 against current liabilities of £2,645 indicate severe liquidity constraints. With no reported profit or cash generation, the company depends on shareholder funding or external financing to meet obligations. The negative net current assets and absence of cash reserves increase the risk of payment default. The company’s operations may require additional capital injections in the near term to sustain liquidity and fund growth initiatives.

4. Monitoring Points:

• Track improvements in working capital and liquidity ratios in subsequent filings.
• Monitor for injection of paid-up capital or shareholder loans to bolster financial position.
• Review any operational revenues or profit generation as company matures.
• Observe director and shareholder commitment to support the business through funding or guarantees.
• Watch for timely filing of future accounts and any changes in company status or director appointments.