UK Companies House feature
FAIRSCORE LTD
Cash
£2M
+117.7% vs 2021
Net assets
-£316K
-141% vs 2021
Employees
20
+66.7% vs 2021
Profit before tax
—
Period ending 2021-12-31
Profile
- Company number
- 10868865
- Status
- Active
- Incorporation
- 2017-07-17
- Last accounts made up
- 2024-12-31
- Account category
- GROUP
- Primary SIC
- 64921
- Hubs
- UK Fintech
Net assets
3-year trend · vs UK Fintech median
Accounts
3-year trend · latest 2021-12-31
| Metric | Trend | 2020-07-31 | 2021-03-31 | 2021-12-31 |
|---|---|---|---|---|
| Turnover | — | — | — | |
| Operating profit | — | — | — | |
| Profit before tax | — | — | — | |
| Net profit | — | — | — | |
| Cash | — | £790,291 | £1,720,644 | |
| Total assets less current liabilities | — | £10,962,016 | £16,670,241 | |
| Net assets | — | £770,556 | -£316,144 | |
| Equity | £108,514 | £770,556 | -£316,144 | |
| Average employees | — | 12 | 20 | |
| Wages | — | — | — |
Values shown as filed in iXBRL accounts. — indicates the figure was not present in the extracted filing (either not filed under that concept or absent from the period). About these numbers
Audit & accounting basis
From AI-extracted PDF accounts
- Accounting basis
- FRS 102
- Reporting scope
- Consolidated (group)
- Auditor
- Magma Audit LLP
- Audit opinion
- Unqualified (clean)
- Going concern
- Affirmed
“The directors have assessed the future projections for the Company and the Group and are satisfied that the going concern basis of preparation for these financial statements remains appropriate.”
Subsidiaries
- Vault Finance Limited · 100% held · Providing bank account overdraft debt solutions
- Fairscore India Private Limited · 81.25% held · India · Providing bank account overdraft debt solutions
- Warmlyvault Limited · 100% held · Financial intermediation
Significant events
- “In June 2025, the facility with National Westminster Bank was amended. The amendment resulted in the extension of the facility to the end of the 2025 financial year, the reduction of the applicable margin from 3.5% to 2.5% and the increase in the level of facility limit for certain assets through the increase of the borrowing base.”
- “In August 2025, the company issued £1.9m of new unsecured convertible loan notes, known as Fairscore H Convertible Notes. The redemption date is 8th February 2027. Interest accrues on the principal amount outstanding at 15% per annum.”
- “In June 2025, the agreement with Quilam Special Opportunities 2 Limited was amended. The amendment extended the original term of the agreement, reduced the applicable margins across the facilities and increased the available facility limit.”
Auditor / going-concern / subsidiary information is extracted from the PDF version of the latest annual accounts and is not tagged in iXBRL. About these numbers
People
2 active · 1 resigned
| Name | Role | Appointed | Born | Nationality |
|---|---|---|---|---|
| AULUK, Kieren | Director | 2024-03-31 | Apr 1992 | British |
| MUNSHI, Aseem | Director | 2017-07-17 | Apr 1975 | British |
Show 1 resigned officer
| Name | Role | Appointed | Resigned |
|---|---|---|---|
| MEHRISH, Shubham | Director | 2018-05-14 | 2019-01-22 |
Ownership
Persons with significant control
| Name | Kind | Nature of control | Notified | Status |
|---|---|---|---|---|
| Aseem Munshi | Individual | Shares 25–50%, Voting 25–50%, right-to-appoint-and-remove-directors-as-firm | 2017-07-17 | Active |
Filing timeline
Last 20 of 91 total filings
| Date | Type | Category | Description |
|---|---|---|---|
| 2026-03-25 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2026-01-22 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-10-30 | AA | accounts | accounts with accounts type group |
| 2025-10-29 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2025-09-30 | CS01 | confirmation-statement | confirmation statement with updates |
| 2025-06-04 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2024-08-31 | AA | accounts | accounts with accounts type group |
| 2024-08-23 | CS01 | confirmation-statement | confirmation statement with updates |
| 2024-06-27 | SH01 | capital | capital allotment shares |
| 2024-06-25 | AD01 | address | change registered office address company with date old address new address |
| 2024-06-21 | AD01 | address | change registered office address company with date old address new address |
| 2024-06-21 | AD01 | address | change registered office address company with date old address new address |
| 2024-06-13 | CH01 | officers | change person director company with change date |
| 2024-06-13 | AP01 | officers | appoint person director company with name date |
| 2024-06-12 | SH01 | capital | capital allotment shares |
| 2023-10-23 | MR01 | mortgage | mortgage create with deed with charge number charge creation date |
| 2023-10-06 | AA | accounts | accounts with accounts type group |
| 2023-08-08 | CS01 | confirmation-statement | confirmation statement with updates |
| 2023-04-06 | MR05 | mortgage | mortgage charge part release with charge number |
| 2023-04-06 | MR05 | mortgage | mortgage charge part release with charge number |
Credit score
Altman Z″ — composite of working capital, retained earnings, EBIT, and leverage
Activity Score
Filings velocity, capital events, officer churn, accounts trajectory