Company Overview
Quality It Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Thursday 25 April 2013, so this is a well established company. Quality It Limited has been in business for 12 years and 11 months. The accounts status is micro entity and the accounts are next due on Sunday 31 July 2022.
Registered Address

Unit 11 Fisher Street Galleries 18 Fisher Street, Carlisle, CA3 8RH
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Companies House Data
Company NameQUALITY IT LIMITED
Company Number08503720
Registered Office AddressUnit 11 Fisher Street Galleries 18 Fisher Street
 CA3 8RH
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date25/04/2013
Accounting Reference Date Day31
Accounting Reference Date Month10
Accounts Next Due Date31/07/2022
Accounts Last Made Up Date31/10/2020
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date23/05/2017
Returns Last Made Up Date25/04/2016
Directors & Members
Show Resigned
Alexander McDowell - Director
(British, 51 years old, born December 1975)
Appointed 10 March 2022
 Active
Secretaries
No Secretaries Appointed
Other Company Directorships
Alexander McDowell
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Balance Sheet Unlock full report
Accounts Date 31-Oct-2020 31-Oct-2019 31-Oct-2018
Balance Sheet
Fixed Assets 9,747 7,235 6,939
Current Assets 55,535 16,655 28,219
Creditors Due Within One Year 64,339 23,251 34,850
Working Cap -8,804 -6,596 -6,631
Total Assets Less Current Liabilities 943 639 308
Long-term Liabilities 0 0 0
Net Assets 943 639 308
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 943 639 308
Common Size Financial Analysis Unlock full report
Accounts Date 31-Oct-2020 31-Oct-2019 31-Oct-2018
Tangible Fixed Assets - - -
Fixed Assets 14.9% 30.3% 19.7%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 85.1% 69.7% 80.3%
Creditors Due Within One Year 98.6% 97.3% 99.1%
Net Current Assets Liabilities -13.5% -27.6% -18.9%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 1.4% 2.7% 0.9%
Capital Employed - - -
Total Assets Less Current Liabilities 1.4% 2.7% 0.9%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Oct-2020 31-Oct-2019 31-Oct-2018
Liquidity Ratio 0.9 0.7 0.8
Solvency Ratio 1.0 1.0 1.0
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Oct-2020 31-Oct-2019 31-Oct-2018
Assets 65,282 23,890 35,158
Debt 64,339 23,251 34,850
Net Assets/Debt 943 639 308
As at the balance sheet date short term liquid assets were less than current debt. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  As at the balance sheet date short term liquid assets were less than current debt. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   As at the balance sheet date short term liquid assets were less than current debt. We would normally view this in the context of other profitability and solvency indicators. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The balance sheet displays a very modest amount of net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a slender margin of cover over total debts and obligations. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around CA3 8RH
No other companies found in the same location
Document Filings
Registered office address changed to PO Box 4385, 08503720 - Companies House Default Address, Cardiff, CF14 8LH on 8 August 2025
Compulsory strike-off action has been suspended
First Gazette notice for compulsory strike-off
Appointment of Alexander Mcdowell as a director on 10 March 2022
Registered office address changed from 9 Plantagenet Road Barnet EN5 5JG England to Unit 11 Fisher Street Galleries 18 Fisher Street Carlisle CA3 8RH on 18 March 2022
Confirmation statement made on 17 March 2022 with updates
Notification of Alexander Mcdowell as a person with significant control on 10 March 2022
Termination of appointment of Dharmishtha Gohil as a director on 10 March 2022
Cessation of Dharmishtha Gohil as a person with significant control on 10 March 2022
Confirmation statement made on 25 April 2021 with no updates
Previous accounting period extended from 30 April 2020 to 31 October 2020
Confirmation statement made on 25 April 2020 with no updates
Confirmation statement made on 25 April 2019 with no updates
Confirmation statement made on 25 April 2018 with no updates
Registered office address changed from C/O C/O Gohil's Accountancy Services Ltd Battle House 1 East Barnet Road New Barnet Hertfordshire EN4 8RR England to 9 Plantagenet Road Barnet EN5 5JG on 11 October 2017
Confirmation statement made on 25 April 2017 with updates
Amended total exemption small company accounts made up to 30 April 2016
Annual return made up to 25 April 2016 with full list of shareholders
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