QUALITY FREIGHT LIMITED Financials
- Company number
- NI029307CopyCopy
- Registered office
- Unit E & F, Muir Buliding, 427 Holywood Road, Belfast BT4 2LT
- Incorporated
- 02/03/1995
Company snapshot
- Status
- Active
- Employees
- 6 (2024)
- Latest financial data
- 2024
- Accounts type
- Small
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2024.
Net Assets
171.42%vs 20232023: £70.72K
Total Assets
-30.88%vs 20232023: £1.28M
Cash in Bank
-47.46%vs 20232023: £682.66K
Total Liabilities
-43.86%vs 20232023: £1.20M
Employees
0vs 20232023: 6
In 2024, QUALITY FREIGHT LIMITED reported net assets of £191.96K. The same filing shows total assets of £881.97K, cash in bank of £358.69K and total liabilities of £672.66K. Reported headcount was 6 in 2024. Total Liabilities fell from £1.20M in 2023 to £672.66K in 2024 (-43.86%). Okredo holds filed figures for 2021–2024; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
171.42%from £70.72K in 2023Year-on-year change
Net Assets as filed for 2021–2024. Every figure in this chart is also in the financial history table.
3-year financial trend (2022–2024)
How the figures QUALITY FREIGHT LIMITED filed moved across the three reported years 2022, 2023 and 2024 — measured end to end rather than year on year.
Net Assets
-52%vs 2022-30.7% a year compound (CAGR)
Cash in Bank
-45.3%vs 2022-26% a year compound (CAGR)
Total Assets
-45.1%vs 2022-25.9% a year compound (CAGR)
Total Liabilities
-43.8%vs 2022-25% a year compound (CAGR)
Employees
0%vs 2022Biggest decrease
Net Assets-52%
£399.99K in 2022 to £191.96K in 2024
Every measure that changed in QUALITY FREIGHT LIMITED's filings between 2022 and 2024 fell. The steepest fall came in net assets, pointing to a weakening balance sheet, with cash in bank, total assets and total liabilities falling alongside it. See the full year-by-year figures.
Ratios from the filed figures
Calculated from QUALITY FREIGHT LIMITED's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 21.76%2024
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 76.27%2024
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 53.32%2024
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 40.67%2024
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for QUALITY FREIGHT LIMITED by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|
| Net Assets£ | 257.51K | 399.99K | 70.72K | 191.96K |
| Total Assets£ | 1.27M | 1.61M | 1.28M | 881.97K |
| Cash in Bank£ | 585.24K | 655.83K | 682.66K | 358.69K |
| Total Liabilities£ | 998.67K | 1.20M | 1.20M | 672.66K |
| Employees | 6 | 6 | 6 | 6 |
QUALITY FREIGHT LIMITED financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for QUALITY FREIGHT LIMITED covering 2021–2024, across 5 reported indicators. The most recent reported year is 2024.
QUALITY FREIGHT LIMITED reported net assets of £191.96K for 2024. That compares with £70.72K in 2023, a change of 171.42%.
QUALITY FREIGHT LIMITED reported total assets of £881.97K for 2024. That compares with £1.28M in 2023, a change of -30.88%.
QUALITY FREIGHT LIMITED reported cash in bank of £358.69K for 2024. That compares with £682.66K in 2023, a change of -47.46%.
QUALITY FREIGHT LIMITED reported 6 employees in 2024, compared with 6 in 2023.
Between 2022 and 2024, QUALITY FREIGHT LIMITED's net assets fell by 52%, cash in bank fell by 45.3%, total assets fell by 45.1% and total liabilities fell by 43.8%. Net assets contracted at 30.7% a year across the two years to 2024, from £399.99K to £191.96K. Reported headcount went from 6 in 2022 to 6 in 2024.
Okredo holds reported figures for the years 2021, 2022, 2023, 2024. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.