Forma Leather Limited
03058023
Some Concerns
- Current liabilities exceed current assets (-10)
- 4 outstanding charges (-8)
Details
Compliance
Last accounts
31/05/2025
micro entity
Next accounts due
28/02/2027
Confirmation statement
Last: 23/05/2025
Due 06/06/2026
Industry
Officers
Persons with Significant Control
Mr Ahmet Boga
British · England · Age 83
21, Unit 21 First Floor, Perseverence Works, London, E2 8DD
Notified 06/04/2016
Charges4 outstanding
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CompanyRankvs 27+ SIC 14110 peers62
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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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/05/2025
Net Worth
£15k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£3k
Working capital
Current Assets
£237k
Current Liabilities
£240k
Fixed Assets
£49k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.99 | +£0 |
| 2025 | 0.99 | -£2k |
| 2024 | 1.03 | +£10k |
| 2023 | 1.13 | -£53k |
| 2022 | 0.93 | +£40k |
| 2021 | 1.19 | +£18k |
| 2020 | 1.06 | -£6k |
| 2019 | 1.12 | +£4k |
| 2018 | 1.18 | — |
Derived from filed accounts. Not audited figures.