Formcrest Associates Limited
02633787
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 02/07/2019
ARTIST
BRITISH · AUSTRALIA · Age 79
Also on 1 other board
Persons with Significant Control
Dr Mark Spigelman
British · Australia · Age 85
C/Otaxassist Accountants, Screenworks, Office 218, 22 Highbury Grove, London, N5 2EF
Notified 19/01/2017
Mrs Sara Rachel Spigelman
British · Australia · Age 79
C/Otaxassist Accountants, Screenworks, Office 218, 22 Highbury Grove, London, N5 2EF
Notified 19/01/2017
CompanyRankvs 2026+ SIC 74990 peers70
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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.
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
£438k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£550k
Working capital
Current Assets
£13k
Current Liabilities
£563k
Fixed Assets
£989k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.02 | +£42k |
| 2023 | 0.07 | +£96k |
| 2021 | 0.09 | +£34k |
| 2020 | 0.03 | +£518k |
| 2019 | -0.18 | -£43k |
| 2018 | -0.10 | — |
Derived from filed accounts. Not audited figures.