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Formalnew Property Management Limited

03464727

active
Private Limited Company
england wales
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)
  • Current liabilities exceed current assets (-10)
  • 2 outstanding charges (-4)

Details

EDWARD HOUSE GRANGE BUSINESS PARK, LEICESTER, LE8 6EP
Incorporated 12/11/1997

Compliance

Last accounts

31/10/2024

unaudited abridged

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 01/09/2025

Due 15/09/2026

On track

Industry

82990
Other business support service activities

Officers

Mr Mark Edwin O'Connor

director · Since 27/11/1997

MANAGING DIRECTOR

ENGLISH · ENGLAND · Age 58

Also on 4 other boards

Mr Paul William O'Connor

director · Since 27/11/1997

ELECTRONICS ENGINEER

BRITISH · ENGLAND · Age 60

Also on 4 other boards

Mr Allan John O'Connor

director · Since 09/05/2007

CAD OPERATOR

BRITISH · UNITED KINGDOM · Age 51

Miss Sharon Jane O'Connor

director · Since 09/05/2007

INTERNAL SALES

BRITISH · ENGLAND · Age 55

Also on 2 other boards

Persons with Significant Control

Mr Mark Edwin O'Connor

25–50% shares
25–50% votes

English · England · Age 58

Edward House, Grange Business Park, Leicester, LE8 6EP

Notified 06/04/2016

Miss Sharon Jane O'Connor

25–50% shares
25–50% votes

British · England · Age 55

Edward House, Grange Business Park, Leicester, LE8 6EP

Notified 06/04/2016

Mr Allan John O'Connor

25–50% shares
25–50% votes

British · United Kingdom · Age 51

Edward House, Grange Business Park, Leicester, LE8 6EP

Notified 06/04/2016

Mr Paul William O'Connor

25–50% shares
25–50% votes

British · England · Age 60

Edward House, Grange Business Park, Leicester, LE8 6EP

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

ALDERMORE BANK PLC

Created 28/05/2020Registered 01/06/2020
charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 12/09/2005Registered 27/09/2005
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 25/03/1998Registered 31/03/1998Satisfied 11/02/2020
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 18/03/1998Registered 26/03/1998Satisfied 11/02/2020

CompanyRankvs 6165+ SIC 82990 peers
72

Financial strength89th percentile among SIC peers · 22/25
Employees69th percentile among SIC peers · 10/15
LiquidityCurrent ratio 2.28× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength22/25 pts

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

Employees10/15 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

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 31/10/2024

Net Worth

£234k

Balance sheet strength

Cash

£90k

Cash in the bank

Net Current Assets

£71k

Working capital

Current Assets

£127k

Current Liabilities

£55k

Fixed Assets

£531k

Debtors

£37k

2avg. employees-1

Tax at Year End(2019)

Corp tax£8k

Director Loans(2019)

Company owes directors£222k

Balance Sheet

Assets less current liabilities£602k
Signed by Mr P W O'Connor 28th July 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.28+£30k
20237.72-£18k
202212.83-£29k
20210.77-£44k
20200.97+£57k
20190.12-£8k
20180.31

Derived from filed accounts. Not audited figures.