Company Number: 15069115

Analysis Date: 2025-07-29 13:24 UTC

1. Credit Opinion: APPROVE

FITZ MORTGAGES LTD is a newly incorporated micro private limited company with a clean filing and reporting history. The latest accounts show a positive net asset position and working capital, indicating initial financial stability. Although the company has limited trading history (just over one year), there are no red flags such as overdue filings, director disqualifications, or significant liabilities. The directors appear to have sound governance, and the business operates in financial intermediation, a sector with steady demand. Given these factors, the company appears creditworthy for a modest credit facility, conditional on continued financial performance and monitoring.

2. Financial Strength:

The balance sheet as of 31 August 2024 shows fixed assets of £1,406 and current assets of £21,488 against current liabilities of £7,712, resulting in net current assets (working capital) of £13,776. Net assets total £15,182, all attributable to shareholders’ funds. This positive equity position and liquidity buffer reflect a sound financial foundation for a micro-enterprise. The company employs 2 people, including directors, indicating a lean cost base. There are no indications of debt or contingent liabilities, supporting financial strength.

3. Cash Flow Assessment:

Current assets exceed current liabilities by a comfortable margin, suggesting good short-term liquidity. The working capital position of £13,776 supports operational needs without immediate pressure on cash flow. However, given the limited trading history and small scale, ongoing cash flow generation should be closely reviewed as the company grows. No audit was required, consistent with micro-entity status, so detailed cash flow statements are not available, but the balance sheet position is prudent.

4. Monitoring Points:

• Continued timely filing of accounts and confirmation statements.
• Growth in turnover and profitability to support debt servicing as the business expands.
• Maintenance of positive working capital and net assets as trading scales.
• Watch for any changes in director status or ownership that might affect governance.
• Monitor sector risks in financial intermediation and the impact of economic cycles on mortgage broking or intermediary activity.