Format Computer Services Limited
02524914
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Matthew Llewellyn Baxter
British · England · Age 37
103 High Street, Herts, EN8 7AN
Notified 06/12/2016
Former PSCs
Mrs Partrica Belinda Baxter
Ceased 06/12/2016
CompanyRankvs 77035+ SIC 62020 peers34
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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
Going concern doubt: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going c
Key FinancialsYear ending 31/08/2025
Net Worth
-£3k
Balance sheet strength
Cash
£15k
Cash in the bank
Net Current Assets
-£5k
Working capital
Current Assets
£47k
Current Liabilities
£52k
Fixed Assets
£2k
Debtors
£32k
Tax at Year End
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.91 | +£0 | £113k |
| 2025 | 0.91 | -£11k | £113k |
| 2024 | 1.21 | +£2k | £85k |
| 2023 | 1.08 | +£4k | £113k |
| 2022 | 1.01 | +£5k | £83k |
| 2021 | 0.90 | +£2k | £43k |
| 2020 | 0.89 | +£3k | £57k |
| 2019 | 0.76 | -£17k | — |
| 2018 | 1.09 | — | — |
Derived from filed accounts. Not audited figures.