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Formula International Limited

03282525

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

FORMULA HOUSE, ELLESMERE PORT, CH65 4LB
Incorporated 22/11/1996

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

77120
Renting and leasing of trucks

Officers

Mrs Maureen James

director · Since 22/11/1996

DIRECTOR

BRITISH · ENGLAND · Age 73

Stephen Paul James

director · Since 22/11/1996

HAULAGE CONTRACTOR

BRITISH · ENGLAND · Age 69

Mr Mark Phillip James

director · Since 02/01/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Also on 3 other boards

Miss Claire Louise West

director · Since 02/01/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 45

Also on 2 other boards

Persons with Significant Control

Formula International (Holdings) Limited

75–100% shares
75–100% votes
Appoint directors

Formula House, Bridges Road, Ellesmere Port, CH65 4LB

Reg: 14892577 · Companies House · Private Limited Company

Notified 04/09/2023

Former PSCs

Mr Steven James

Ceased 29/08/2023

Mrs Maureen James

Ceased 29/08/2023

Formula Group Limited

Ceased 04/09/2023

Charges3 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 04/11/2025Registered 10/11/2025
Charge
outstanding

LLOYDS BANK PLC

Created 09/04/2020Registered 16/04/2020
Charge
outstanding

LLOYDS BANK PLC

Created 09/04/2020Registered 16/04/2020
Charge
satisfied

PRAETURA ASSET FINANCE LIMITED

Created 31/07/2015Registered 05/08/2015Satisfied 15/04/2020
charge
satisfied

HSBC BANK PLC

Created 26/01/2012Registered 27/01/2012Satisfied 15/04/2020
charge
satisfied

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

Created 12/04/2011Registered 14/04/2011Satisfied 15/04/2020
charge
satisfied

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

Created 12/04/2011Registered 14/04/2011Satisfied 15/04/2020
charge
satisfied

HSBC BANK PLC

Created 03/03/2011Registered 16/03/2011Satisfied 15/04/2020
charge
satisfied

HSBC BANK PLC

Created 03/03/2011Registered 16/03/2011Satisfied 15/04/2020
charge
satisfied

HSBC BANK PLC

Created 25/02/2011Registered 26/02/2011Satisfied 15/04/2020
charge
satisfied

CLOSE LEASING LIMITED

Created 18/02/2010Registered 19/02/2010Satisfied 03/04/2020
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 18/10/2006Registered 20/10/2006Satisfied 17/06/2011
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/03/2004Registered 01/04/2004Satisfied 17/06/2011
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 08/09/2003Registered 08/09/2003Satisfied 17/06/2011
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 12/06/2003Registered 23/06/2003Satisfied 17/06/2011
charge
satisfied

BARCLAYS MERCANTILE BUSINESS FINANCE LIMITED

Created 24/10/2002Registered 26/10/2002Satisfied 03/04/2020
charge
satisfied

HITACHI CREDIT (UK) PLC

Created 18/09/2002Registered 19/09/2002Satisfied 29/03/2011
charge
satisfied

LLOYDS TSB BANK PLC

Created 14/09/2001Registered 02/10/2001Satisfied 24/09/2003
charge
satisfied

LLOYDS TSB BANK PLC

Created 25/10/2000Registered 25/10/2000Satisfied 15/04/2020
charge
satisfied

LLOYDS TSB BANK PLC

Created 13/07/2000Registered 15/07/2000Satisfied 24/09/2003
charge
satisfied

LLOYDS UDT LIMITED

Created 10/09/1999Registered 11/09/1999Satisfied 15/04/2020
charge
satisfied

BRIAN EDGERLEY BOOTH AND GEOFFREY PHILLIP BOOTH

Created 31/01/1997Registered 06/02/1997Satisfied 02/09/1999
charge
satisfied

LLOYDS BANK PLC

Created 31/01/1997Registered 06/02/1997Satisfied 24/09/2003

CompanyRankvs 409+ SIC 77120 peers
51

Financial strength92th percentile among SIC peers · 23/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.9× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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409Formula International Limited
57
How is this score calculated?
Financial strength23/25 pts

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

Employees2/15 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.

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 31/03/2025

Net Worth

£2.8M

Balance sheet strength

Cash

£169k

Cash in the bank

Net Current Assets

-£73k

Working capital

Current Assets

£689k

Current Liabilities

£762k

Fixed Assets

£3.8M

Debtors

£512k

0avg. employees-21

Tax at Year End(2024)

Corp tax£290k
Dividends paid£4k

Balance Sheet

Assets less current liabilities£3.7M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.90+£92k
20241.04-£1.9M
20230.86+£601k
20220.55+£350k
20210.36+£80k
20200.44+£220k
20190.62—

Derived from filed accounts. Not audited figures.