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Forty Limited

02884621

active
PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)
Companies House
Health Score
71 / 100

Some Concerns

25/30
Filing
10/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

WOODBERRY DOWN CENTRE, LONDON, N4 2SH
Incorporated 05/01/1994

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Richard Spitzer

director · Since 20/01/1994

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 82

Also on 12 other boards

Mr Abraham Schechter

director · Since 05/01/2022

ADMINISTRATOR

BRITISH · ENGLAND · Age 64

Also on 10 other boards

Mr Benzion Goldstein

director · Since 15/09/2025

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 46

Also on 3 other boards

Persons with Significant Control

Mr Abraham Schechter

Significant control

British · England · Age 64

Woodberry Down Centre, Woodberry Down, London, N4 2SH

Notified 30/06/2025

Charges2 outstanding

Charge
outstanding

UNITY TRUST BANK PLC

Created 15/09/2021Registered 17/09/2021
Charge
outstanding

UNITY TRUST BANK PLC

Created 15/09/2021Registered 17/09/2021
Charge
satisfied

BARCLAYS SECURITY TRUSTEE LIMITED

Created 27/07/2018Registered 30/07/2018Satisfied 18/01/2022
charge
satisfied

BARCLAYS BANK PLC

Created 10/11/2011Registered 15/11/2011Satisfied 18/01/2022
charge
satisfied

BARCLAYS BANK PLC

Created 09/10/2007Registered 18/10/2007Satisfied 18/01/2022
charge
satisfied

BARCLAYS BANK PLC

Created 26/09/2005Registered 28/09/2005Satisfied 18/01/2022
charge
satisfied

BARCLAYS BANK PLC

Created 24/12/2004Registered 13/01/2005Satisfied 18/01/2022
charge
satisfied

THE CO-OPERATIVE BANK PLC

Created 19/11/2003Registered 03/12/2003Satisfied 18/01/2022
charge
satisfied

THE CO-OPERATIVE BANK PLC

Created 27/08/2002Registered 07/09/2002Satisfied 18/01/2022
charge
satisfied

THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND

Created 09/10/1998Registered 17/10/1998Satisfied 30/09/2003
charge
satisfied

THE GOVERNOR & THE COMPANY OF THE BANK OF IRELAND

Created 14/09/1994Registered 04/10/1994Satisfied 30/09/2003
charge
satisfied

THE GOVERNOR & THE COMPANY OF THE BANK OF IRELAND

Created 14/09/1994Registered 04/10/1994Satisfied 30/09/2003

CompanyRankvs 13521+ SIC 68209 peers
58

Financial strength99th percentile among SIC peers · 25/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 2.19× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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13521Forty Limited
78
How is this score calculated?
Financial strength25/25 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.

Liquidity20/20 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.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -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 con

Key FinancialsYear ending 31/08/2024

Net Worth

£10.8M

Balance sheet strength

Cash

£543

Cash in the bank

Net Current Assets

£218k

Working capital

Current Assets

£401k

Current Liabilities

£184k

Fixed Assets

£11.7M

Debtors

£401k

0avg. employees

Balance Sheet

Assets less current liabilities£11.9M
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023_Charity

EstimatesDerived

YearCurrent RatioImplied Profit
20242.19-£34k
20232.94+£357k
20221.13+£3k
20210.19—

Derived from filed accounts. Not audited figures.