Formara Limited
01114482
Some Concerns
- Current liabilities exceed current assets (-10)
- 3 outstanding charges (-6)
Details
Compliance
Last accounts
31/12/2025
total exemption full
Next accounts due
30/09/2027
Confirmation statement
Last: 18/02/2026
Due 04/03/2027
Industry
Officers
director · Since 08/09/2023
COMPANY DIRECTOR
ITALIAN · SPAIN · Age 41
Also on 1 other board
Persons with Significant Control
Lifeboat Management Ltd
Ahmad Tea Ltd, Winchester Road, Eastleigh, SO53 2PZ
Reg: 14506483 · Companies House · Private Limited Company
Notified 28/06/2023
Former PSCs
Wilce Media Group Limited
Ceased 28/06/2023
Charges3 outstanding
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CompanyRankvs 59+ SIC 18129 peers79
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2025
Net Worth
£827k
Balance sheet strength
Cash
£118k
Cash in the bank
Net Current Assets
£792k
Working capital
Current Assets
£1.5M
Current Liabilities
£753k
Fixed Assets
£220k
Debtors
£1.4M
Tax at Year End(2019)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 2.05 | +£23k |
| 2024 | 2.00 | +£205k |
| 2023 | 1.83 | +£433k |
| 2022 | 1.19 | -£335k |
| 2021 | 1.47 | +£86k |
| 2020 | 1.28 | +£290k |
| 2019 | 0.84 | -£3k |
| 2018 | 0.81 | — |
Derived from filed accounts. Not audited figures.