FABSTUFF LIMITED
Company number 05426163 · Monitor this company
This analysis was written by an AI from the company's public filings. It may contain errors or omissions and is not financial or professional advice.
CREDIT ANALYSIS REPORT
FABSTUFF LIMITED (05426163)
1. CREDIT OPINION: DECLINE
Reasoning: This application must be declined on multiple fundamental grounds. First, the company is dissolved (dissolution date: 04/08/2026) and therefore cannot legally enter into new credit facilities or commercial agreements. Second, even if the entity were active, the balance sheet is deeply insolvent with net liabilities of £59,863 and shareholders' funds of negative £61,513. Third, the company has been classified as dormant with no trading activity, meaning there is no revenue stream from which to service debt obligations. There is no payment capability whatsoever.
2. FINANCIAL STRENGTH: Critically Weak / Insolvent
| Metric | FY2025 | FY2024 | FY2023 |
|---|---|---|---|
| Total Assets | £100 | £100 | £5,155 |
| Total Liabilities | (£59,963) | (£59,963) | (£59,963) |
| Net Assets | (£59,863) | (£59,863) | (£54,808) |
| Shareholders' Funds | (£61,513) | (£61,513) | (£56,458) |
| Cash | £100 | £100 | £100 |
Key Observations: - Balance sheet insolvent: Liabilities exceed assets by approximately £60k, with no realistic prospect of recovery - No trading assets: The only asset is £100 cash; the company holds no fixed assets, stock, or debtors - Creditor structure: Virtually all liabilities (£59,932 of £59,963) comprise a director's loan account, meaning the business owes its own director - Accumulated losses: The P&L reserve shows £61,513 in accumulated losses, indicating sustained trading deficits over many years - Historical deterioration: Net liabilities have grown from £51,423 (2016) to £59,863 (2025), demonstrating a long-term erosion of financial position
3. CASH FLOW ASSESSMENT: Non-Existent
- No revenue generation: The company is dormant with nil trading activity
- No working capital: Net current liabilities of £59,863; the company cannot meet its obligations as they fall due
- No operational cash flow: As a non-trading entity, there is no cash conversion cycle to evaluate
- Director dependency: The entire creditor book is the director's loan account, suggesting the director has historically funded ongoing losses. This represents related-party exposure, not commercial debt service capacity
- Liquidity ratio: Effectively zero — £100 cash against £59,963 current liabilities
4. MONITORING POINTS
Given the dissolved status, monitoring is academic. However, for record purposes:
| Metric | Concern Level | Commentary |
|---|---|---|
| Company status | Critical | Dissolved — no legal capacity to trade or borrow |
| Solvency position | Critical | Net liabilities of £60k with no assets |
| Trading activity | Critical | Dormant — no income generation |
| Director's loan | High | £59,932 owed to director; likely unrepayable |
| Filing compliance | Low | Accounts appear current (though entity is dissolved) |
Director Conduct Note: No disqualification records identified for the director, Amy Louise Lowry. However, the PSC register shows both Mr Charles Dominic David Lowry and Mrs Amy Louise Lowry each hold 25-50% of shares and voting rights.
SECTOR CONTEXT
The company's SIC code (47990 — Other retail sale not in stores, stalls or markets) suggests it previously operated as a non-store retailer, potentially online or direct sales. The business has clearly ceased operations entirely.