UK FAST CARGO LTD

Executive Summary

UK Fast Cargo Ltd’s financial profile shows a significant decline in net assets to zero and a lack of working capital, reflecting weak financial health and poor liquidity. The company’s minimal asset base and absence of employees raise concerns about operational viability and cash flow generation. Given these factors, extending credit is not recommended until the company demonstrates improved financial stability and clear cash flow capacity.

UK FAST CARGO LTD - Analysis Report

Company Number: 12884246

Analysis Date: 2025-07-29 19:50 UTC

1. Credit Opinion: DECLINE
   UK Fast Cargo Ltd currently shows no net assets or net current assets as of its latest financial year ending 30 September 2024, indicating a balance sheet with zero equity and no working capital buffer. The company’s financial position has deteriorated from a modest positive net asset position in prior years to nil in 2024. Lack of retained earnings or reserves suggests limited ability to absorb losses or service debt. Additionally, the absence of employees and minimal fixed assets imply a very lean or possibly dormant operational state. Without clear evidence of revenue generation or cash inflows, the company presents a high credit risk. Therefore, credit facilities are not advisable at this time.

2. Financial Strength: Weak
   The company’s net assets have reduced from £3,572 in 2023 to zero in 2024. Net current assets, which were previously positive, have fallen to zero, indicating no available working capital. Shareholders’ funds have been eroded completely, signaling either cumulative losses or distributions exceeding reserves. Fixed assets are minimal and declining. This erosion of equity undermines financial stability and suggests the company may be relying on external funding or has ceased trading activities.

3. Cash Flow Assessment: Poor
   With net current assets at zero, the company lacks liquidity cushion to meet short-term obligations. Current liabilities remain present while current assets do not provide a surplus. The absence of employees suggests low operational activity, which typically correlates with minimal cash inflows. No profit and loss information was filed, further obscuring cash generation capability. Overall, liquidity position is inadequate to support credit extension without further cash flow evidence.

4. Monitoring Points:

• Filing of profit and loss accounts to assess operational performance and cash generation.
• Changes in net current assets and net assets in subsequent filings to detect recovery or further decline.
• Status of trading activities and employee numbers as indicators of business continuity.
• Director conduct and any new appointments or PSC changes.
• Timely filing of future financial returns and accounts to ensure transparency.