Company Number: 14779786

Analysis Date: 2025-07-29 18:17 UTC

1. Credit Opinion: APPROVE
   FRAMECORE CAPITAL LIMITED demonstrates a strong balance sheet with substantial net assets and working capital. The company, operating since April 2023, is engaged in fund management and financial intermediation, sectors typically requiring robust capital backing. The absence of overdue filings and a single experienced director with full control suggest sound governance. While financial statements are unaudited and abridged, the scale of assets and equity supports credit approval for typical SME credit facilities.

2. Financial Strength:

• Net Assets stand at £17.57 million, reflecting significant capitalization relative to the company’s short operating history.
• Fixed assets (£10.93 million) and revaluation reserves (£3.35 million) indicate an asset-rich structure, including intangible assets and investments in credit facilities and asset finance.
• Net Current Assets of £7.38 million show strong short-term financial health, with current liabilities (£65.8k) well covered by current assets (£7.45 million).
• Shareholders’ funds consist largely of called-up share capital (£3.25 million) and other reserves (£10.32 million), indicating retained earnings or capital injections supporting solvency.

3. Cash Flow Assessment:

• Cash balance of approximately £997,600 provides liquidity buffer for operational needs.
• Debtors are minimal (£53.8k), suggesting efficient receivables management or limited credit sales exposure.
• Working capital is robust, reducing risk of liquidity stress.
• No profit and loss details filed restrict assessment of operational cash flow generation; however, strong balance sheet liquidity mitigates immediate concern.

4. Monitoring Points:

• Monitor future profit and loss filings for evidence of sustainable earnings and cash flow from operations.
• Watch for changes in provisions (£1.44 million) which could impact net assets and liquidity.
• Track any changes in director or PSC status given sole control by one individual.
• Observe any significant changes in credit exposure given the company’s role in credit granting and fund management.
• Evaluate updates to filing status and confirm timely submission of full accounts and returns.