Company Number: 14356257

Analysis Date: 2025-07-29 18:24 UTC

1. Credit Opinion: APPROVE
   FOXALL RECRUITMENT LTD demonstrates modest but positive net assets and net current assets over the latest financial years, reflecting a stable micro-entity financial position. The company is active with timely filings and no overdue accounts or returns. The director holds full control, which can streamline decision-making but also concentrates risk. Given the company’s limited scale and modest working capital, credit approval is recommended with limits aligned to its micro size and short operating history.

2. Financial Strength:
   The balance sheet shows incremental growth in net assets from £183 in 2022 to £1,409 in 2025. Current assets increased from £183 to £5,806, while current liabilities appeared only in 2025 at £4,397, still leaving positive net current assets of £1,409. The company carries no long-term liabilities or provisions, indicating a straightforward financial structure with no apparent gearing. The shareholders’ funds mirror net assets, indicating no external equity injections beyond the original capital.

3. Cash Flow Assessment:
   The company’s liquidity position is positive with net current assets of £1,409 in the latest year, indicating sufficient short-term assets to cover immediate liabilities. However, the absolute cash and working capital size remains very small, consistent with micro-entity status. The increase in current liabilities in 2025 should be monitored but is currently manageable given the positive net current assets. The company employs one person, which suggests limited payroll obligations.

4. Monitoring Points:

• Monitor growth in current liabilities to ensure working capital remains positive.
• Track revenue and profitability trends as more financial data becomes available to assess debt servicing capabilities more accurately.
• Watch for any director changes or PSC shifts that could affect governance and control.
• Ensure continued compliance with filing deadlines to avoid penalties and maintain transparency.
• Given micro-entity status, reassess credit limits annually based on updated financials and operational scale.