Forty Limited
02884621
Notable Risks
- Going concern doubt noted in accounts (-10)
- Active insolvency proceedings (-20)
- 2 outstanding charges (-4)
Details
Compliance
Last accounts
31/08/2025
full
Next accounts due
31/05/2027
Confirmation statement
Last: 03/01/2026
Due 17/01/2027
Industry
Officers
director · Since 20/01/1994
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 82
Also on 12 other boards
director · Since 05/01/2022
ADMINISTRATOR
BRITISH · ENGLAND · Age 64
Also on 10 other boards
director · Since 15/09/2025
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 46
Also on 3 other boards
Persons with Significant Control
Mr Abraham Schechter
British · England · Age 64
Woodberry Down Centre, Woodberry Down, London, N4 2SH
Notified 30/06/2025
Charges2 outstanding
UNITY TRUST BANK PLC
UNITY TRUST BANK PLC
BARCLAYS SECURITY TRUSTEE LIMITED
BARCLAYS BANK PLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
THE CO-OPERATIVE BANK PLC
THE CO-OPERATIVE BANK PLC
Insolvency History3 cases
Philip James Watkins (receiver manager) · Simon Elliott Glyn (receiver manager)
Philip James Watkins (receiver manager) · Simon Elliott Glyn (receiver manager)
Philip James Watkins (receiver manager) · Simon Elliott Glyn (receiver manager)
CompanyRankvs 30147+ SIC 68209 peers40
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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
Outstanding charges: -10 pts
Insolvency history: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are de
Key FinancialsYear ending 31/08/2025
Net Worth
£10.7M
Balance sheet strength
Cash
£430
Cash in the bank
Net Current Assets
£80k
Working capital
Current Assets
£250k
Current Liabilities
£170k
Fixed Assets
£11.7M
Debtors
£250k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.47 | -£82k |
| 2024 | 2.19 | -£34k |
| 2023 | 2.94 | — |
Derived from filed accounts. Not audited figures.