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Formula Properties Limited

01980783

liquidation
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

C/O BEGBIES TRAYNOR 31ST FLOOR 40, LONDON, E14 5NR
Incorporated 21/01/1986

Compliance

Last accounts

30/09/2021

micro entity

Next accounts due

30/06/2023

Overdue

Confirmation statement

Last: 17/05/2023

Due 31/05/2024

Overdue

Industry

68100
Buying and selling of own real estate

Officers

Mrs Carol Elsie Grower

director · Since 02/05/1991

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 78

Also on 14 other boards

Mr Edmund Barry Grower

director · Since 02/05/1991

SOLICITOR

BRITISH · ENGLAND · Age 80

Also on 1 other board

Mrs Carol Elsie Grower

secretary · Since 26/06/2001

SECRETARY

BRITISH · UNITED KINGDOM · Age 78

Also on 14 other boards

Persons with Significant Control

Edmund Barry Grower

25–50% shares
25–50% votes

British · United Kingdom · Age 80

13, Brookland Hill, London, NW11 6DU

Notified 16/05/2017

Mrs Carol Elsie Grower

25–50% shares
25–50% votes

British · England · Age 78

Flat 32 Belle Vue, Rowland Hill Street, London, NW3 2AQ

Notified 01/06/2018

Charges0 outstanding

Charge
satisfied

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Insolvency History1 case

members voluntary liquidation04/04/2024

Paul Robert Appleton (practitioner) · Paul Steven Cooper (practitioner)

CompanyRankvs 15+ SIC 68100 peers
36

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 1.61× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 pts

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

Liquidity16/20 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.

Risk deductions

Insolvency history: -10 pts

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

Key FinancialsYear ending 30/09/2021

Net Worth

-£45k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£84k

Working capital

Current Assets

£222k

Current Liabilities

£138k

Fixed Assets

£321

0avg. employees

Balance Sheet

Assets less current liabilities£84k
Prepared with Sage Accounts Production Advanced 2021 - FRS102_2021

EstimatesDerived

YearCurrent Ratio
20211.61

Derived from filed accounts. Not audited figures.