Formac Electronics Limited
01553452
Healthy
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 06/06/1991
ELECTRONICS DESIGN ENGINEER
BRITISH · ENGLAND · Age 74
Persons with Significant Control
Mr Jonathan Mclean-Foreman
British · England · Age 74
Oxford House, Oxford Place, Bath, BA2 5HD
Notified 05/06/2017
Charges2 outstanding
BARCLAYS BANK PLC
BARCLAYS BANK PLC
CompanyRankvs 564+ SIC 62090 peers78
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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 31/03/2025
Net Worth
£624k
Balance sheet strength
Cash
£409k
Cash in the bank
Net Current Assets
£340k
Working capital
Current Assets
£491k
Current Liabilities
£114k
Fixed Assets
£284k
Debtors
£55k
Tax at Year End(2020)
Director Loans(2020)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 4.31 | +£69k | — |
| 2024 | 3.53 | +£10k | — |
| 2023 | 7.53 | -£1k | — |
| 2022 | 5.43 | +£12k | — |
| 2021 | 2.21 | -£25k | — |
| 2020 | 3.03 | +£56k | £892k |
| 2019 | 2.49 | +£28k | £544k |
| 2017 | 5.82 | — | £200k |
Derived from filed accounts. Not audited figures.