Company Number: 14738676

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

1. Credit Opinion: APPROVE
   Fairmack Limited is a newly incorporated private limited company (March 2023) operating in the professional consultancy sector (quantity surveying). The latest financials to 31 December 2024 show solid net assets and positive working capital. The company is active with no overdue filings and no indications of financial distress or director misconduct. The small but growing asset base and cash reserves support repayment capacity. The directors appear stable with no adverse records. Approval is recommended with standard monitoring due to the company’s young age and limited trading history.

2. Financial Strength:
   As at 31 December 2024, Fairmack Limited’s net assets stand at £77,182, up from £24,626 as at 31 March 2024, indicating strong growth in equity within a short period. Fixed assets are modest (£1,231) reflecting low capital intensity, appropriate for a consultancy. Current assets (£171,382) significantly exceed current liabilities (£95,431), producing net current assets (working capital) of £75,951, which is healthy and supports short-term liquidity. The company’s equity base consists primarily of retained earnings (£77,082) rather than share capital (£100), showing earnings retention.

3. Cash Flow Assessment:
   The company holds a strong cash balance of £123,203 as at year-end, which covers current liabilities comfortably. Debtors (£48,179) are sizeable but manageable and suggest ongoing business activity with receivables due. The increase in cash and working capital since March 2024 indicates positive operating cash flow and efficient working capital management. No external debt is reported, reducing financial risk and interest burden.

4. Monitoring Points:

• Maintain close watch on debtor ageing and cash conversion cycles to ensure liquidity remains strong.
• Monitor trading performance over the next 12 months to confirm continued growth and profitability, given the company’s short trading history.
• Review director changes or PSC alterations that may affect governance or control structure.
• Keep an eye on any significant increases in liabilities or capital expenditure that could strain cash resources.