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Formulated Resins Limited

01712597

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

123 WELLINGTON ROAD SOUTH, STOCKPORT, SK1 3TH
Incorporated 06/04/1983

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

20301
Manufacture of paints, varnishes and similar coatings, mastics and sealants

Officers

Mr Ronald Morton

director · Since 31/08/1991

INDUSTRIAL CHEMIST

BRITISH · ENGLAND · Age 75

Also on 3 other boards

Jayne Carey

secretary · Since 22/11/2010

BRITISH

Persons with Significant Control

Mr Ronald Morton

75–100% shares

British · England · Age 75

123, Wellington Road South, Stockport, SK1 3TH

Notified 30/06/2016

CompanyRankvs 67+ SIC 20301 peers
79

Financial strength72th percentile among SIC peers · 18/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 2.31× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength18/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees11/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/12/2024

Net Worth

£210k

Balance sheet strength

Cash

£207k

Cash in the bank

Net Current Assets

£212k

Working capital

Current Assets

£374k

Current Liabilities

£162k

Fixed Assets

£1k

Debtors

£84k

5avg. employees

Balance Sheet

Assets less current liabilities£213k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.31-£17k
20232.47-£26k
20212.84+£18k
20202.86+£15k
20193.33-£4k
20182.60+£105k
20172.10

Derived from filed accounts. Not audited figures.