Forward Drains Limited
01901380
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 16/01/2026
Due 30/01/2027
Industry
Officers
secretary · Since 31/12/2006
DIRECTOR
BRITISH · UNITED KINGDOM · Age 70
Also on 1 other board
Persons with Significant Control
Mr Alan Oldham
British · England · Age 69
1 Blythswood Road, Birmingham, B11 2BX
Notified 06/04/2016
Charges2 outstanding
MIDLAND BANK PLC
MIDLAND BANK PLC
WEST MIDLANDS CO-OPERATIVE FINANCE LIMITED
CompanyRankvs 664+ SIC 37000 peers36
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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
-£11k
Balance sheet strength
Cash
£23k
Cash in the bank
Net Current Assets
-£17k
Working capital
Current Assets
£37k
Current Liabilities
£54k
Fixed Assets
£6k
Debtors
£14k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.69 | -£8k |
| 2024 | 0.88 | — |
| 2023 | 1.00 | — |
| 2022 | 1.33 | -£10k |
| 2021 | 1.97 | +£6k |
| 2020 | 2.16 | +£7k |
| 2019 | 1.95 | +£3k |
| 2017 | 1.72 | — |
Derived from filed accounts. Not audited figures.