Quick Release (Automotive) Limited
04717239
Healthy
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 06/04/2009
FINANCIAL CONTROLLER
BRITISH · ENGLAND · Age 49
Also on 4 other boards
Persons with Significant Control
Quite Refreshing Limited
1386 London Road, Leigh On Sea, SS9 2UJ
Reg: 10079008 · Companies House · Limited Company
Notified 01/07/2016
Charges0 outstanding
BARCLAYS BANK PLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
CompanyRankvs 1715+ SIC 70229 peers76
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
applicable Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements. assess the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern. use the going concern basis of accounting unless they either intend to liquidate the Company or to cease operations, or have
Key FinancialsYear ending 31/12/2024
Net Worth
£19.7M
Balance sheet strength
Cash
£1.2M
Cash in the bank
Profit Before Tax
£15.2M
Bottom line earnings
Net Current Assets
£19.7M
Working capital
Current Assets
£23.6M
Current Liabilities
£3.9M
Fixed Assets
£65k
Debtors
£22.4M
Cost of Sales
£14.0M
Admin Expenses
£3.8M
Profit After Tax
£13.9M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 5.99 | +£10.9M |
| 2023 | 1.70 | +£967k |
| 2023 | 1.43 | +£2.4M |
| 2022 | 1.32 | +£962k |
| 2021 | 1.29 | +£1.9M |
| 2019 | 1.57 | — |
Derived from filed accounts. Not audited figures.