Company Number: 13736696

Analysis Date: 2025-07-29 13:21 UTC

1. Credit Opinion: APPROVE with caution

Ted Farriery Services Ltd is a micro private limited company incorporated in late 2021 and currently active. The company operates in a niche sector (support activities for animal production). Its latest filed accounts show improving financial strength, with net assets more than doubling from £43.6k in 2022 to £96.1k in 2023. There is no indication of overdue filings or adverse director conduct. The sole director and 75-100% shareholder, Mr. Yogi Sharp, has maintained steady stewardship. However, the company is very small with only one employee on average and limited operational scale, which introduces some risk around business continuity and cash flow stability. Lending approval can be recommended but should be limited in size and subject to monitoring.

2. Financial Strength:

• Fixed assets increased modestly from £57.5k to £69.3k, showing some investment in long-term resources.
• Current assets rose significantly from £101.6k to £186.2k, improving liquidity buffers.
• Current liabilities increased from £106.2k to £126.8k, but net current assets improved from a negative £4.5k to a positive £59.4k, indicating better short-term financial health.
• Total net assets rose substantially to £96.1k, supported by increased shareholder funds, reflecting retained earnings or capital injection.
• The company remains within micro entity thresholds, implying simplified reporting but limited scale.

3. Cash Flow Assessment:

• The positive net current assets of £59.4k suggest adequate working capital to meet short-term obligations.
• The increase in current liabilities is matched by a larger increase in current assets, supporting liquidity.
• The company’s micro status and single employee count indicate low overheads, which may enhance cash flow stability.
• No audit was conducted, so cash flow data is limited; however, the balance sheet suggests adequate liquidity.
• Monitoring actual cash inflows and outflows would be prudent given the limited scale and industry niche.

4. Monitoring Points:

• Continued growth or stability in net current assets and net assets to ensure ongoing solvency.
• Timely filing of accounts and confirmation statements to avoid compliance risk.
• Monitor any significant changes in liabilities, especially current liabilities that could strain liquidity.
• Watch for any changes in director or ownership that might affect governance or control.
• Track revenue and profit trends when available, as micro entities report limited details.