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Formost Equipment Limited

02577934

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

58 MAIN STREET, CARNFORTH, LA6 2AJ
Incorporated 29/01/1991

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Frank Edward Hodgkins

director · Since 29/01/1993

DIRECTOR

BRITISH · ENGLAND · Age 88

Michael John Hodgkins

director · Since 01/09/2001

GENERAL MANAGER

BRITISH · ENGLAND · Age 60

Mr Martin Edward Hodgkins

secretary · Since 09/04/2024

Persons with Significant Control

Michael John Hodgkins

25–50% shares
25–50% votes
Appoint directors

British · England · Age 60

58, Main Street, Carnforth, LA6 2AJ

Notified 27/04/2017

CompanyRankvs 68120+ SIC 68209 peers
63

Financial strength94th percentile among SIC peers · 24/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.83× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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68120Formost Equipment Limited
59
How is this score calculated?
Financial strength24/25 pts

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

Employees3/15 pts

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

Liquidity6/20 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 31/03/2025

Net Worth

£1.1M

Balance sheet strength

Cash

£192k

Cash in the bank

Net Current Assets

-£38k

Working capital

Current Assets

£193k

Current Liabilities

£231k

Fixed Assets

£1.5M

Debtors

£811

0avg. employees-3

Balance Sheet

Intangible assets£0
Assets less current liabilities£1.4M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.83+£28k
20240.11+£7k
20230.08—

Derived from filed accounts. Not audited figures.