Formal Systems (Europe) Limited
02389596
Healthy
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 25/08/2014
UNIVERSITY RESEARCHER
BRITISH · ENGLAND · Age 38
Also on 1 other board
director · Since 01/11/2015
ACADEMIC
BRITISH · UNITED KINGDOM · Age 69
Also on 1 other board
Persons with Significant Control
Crosbil Ltd
2, Leman Street, London, E1W 9US
Reg: 10534685 · Companies House · Limited Company
Notified 19/09/2017
Former PSCs
Prof Andrew William Roscoe
Ceased 19/09/2017
Mrs Jacoba Elisabeth Maria Roscoe
Ceased 19/09/2017
Charges1 outstanding
BARCLAYS BANK PLC
CompanyRankvs 1596+ SIC 62012 peers73
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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 31/12/2024
Net Worth
£90k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£90k
Working capital
Current Assets
£99k
Current Liabilities
£9k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 11.25 | -£115k |
| 2023 | 5.96 | -£187k |
| 2022 | 12.12 | +£92k |
| 2021 | 6.61 | +£154k |
| 2020 | 4.08 | +£82k |
| 2019 | 4.13 | +£42k |
| 2018 | — | +£67k |
| 2017 | 0.07 | — |
Derived from filed accounts. Not audited figures.