Company Number: 14673219

Analysis Date: 2025-07-29 13:43 UTC

1. Credit Opinion: APPROVE
   Fagus International Ltd is a newly established micro private limited company incorporated in early 2023, engaged in television programme production (SIC 59113). Despite its short trading history, the company demonstrates strong financial discipline with growing net assets and positive working capital. The principal director holds full control, indicating clear decision-making authority. There are no red flags such as overdue filings or director disqualifications. Thus, from a credit perspective, the company shows adequate capacity to meet current obligations and potential credit facilities, assuming continued operational performance.

2. Financial Strength:
   The balance sheet as of 28 February 2025 shows fixed assets of £2,059 and current assets of £27,404, consisting mainly of cash or receivables typical for a service business. Current liabilities stand at £9,154, resulting in net current assets (working capital) of £18,250, a healthy liquidity buffer for a micro enterprise. Net assets total £20,309, up from £11,868 in the prior year, reflecting retained earnings or additional capital injection. The company’s capital structure is straightforward with shareholders’ funds equal to net assets, indicating no external long-term debt.

3. Cash Flow Assessment:
   The significant increase in current assets alongside modest current liabilities suggests positive cash flow management and strong short-term liquidity. The net current assets more than doubled year-on-year, indicative of improving operational cash inflows or capital infusion. The micro-entity status limits detailed cash flow disclosures, but the balance sheet position implies the company can comfortably fund day-to-day expenses and short-term liabilities without liquidity strain.

4. Monitoring Points:

• Revenue growth and profitability trends as the company matures beyond initial years.
• Maintenance of positive working capital and net assets to support operational needs.
• Any changes in director composition or shareholding that could affect governance or control.
• Timely submission of statutory filings to avoid compliance risks.
• Sector risks in television production, including client concentration or project pipeline stability.