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Formula Solutions Limited

02958316

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

BYWAY, CHICHESTER, PO18 8UF
Incorporated 12/08/1994

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities

Officers

Mr Roger Antony Dawkins

director · Since 21/11/1995

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 62

Also on 1 other board

Miss Michelle Diana Violet Leng

director · Since 01/04/2012

DIRECTOR

BRITISH · ENGLAND · Age 59

Persons with Significant Control

Miss Michelle Diana Violet Leng

25–50% shares
25–50% votes

British · England · Age 59

Byway, Chichester, PO18 8UF

Notified 06/04/2016

Mr Roger Antony Dawkins

25–50% shares
25–50% votes

British · England · Age 62

Byway, Chichester, PO18 8UF

Notified 06/04/2016

CompanyRankvs 51896+ SIC 62020 peers
57

Financial strength39th percentile among SIC peers · 10/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.99× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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51896Formula Solutions Limited
53
How is this score calculated?
Financial strength10/25 pts

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

Employees11/15 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

£317

Balance sheet strength

Cash

£27k

Cash in the bank

Net Current Assets

-£402

Working capital

Current Assets

£38k

Current Liabilities

£38k

Fixed Assets

£888

Debtors

£11k

2avg. employees

Balance Sheet

Assets less current liabilities£486
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent Ratio
20250.99
20240.98
20230.99

Derived from filed accounts. Not audited figures.