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Formatt Limited

03569752

active
Private Limited Company
england wales
Companies House
Health Score
72 / 100

Some Concerns

30/30
Filing
10/30
Financial
32/40
Risk
  • Current liabilities exceed current assets (-10)
  • 4 outstanding charges (-8)

Details

91 HALE ROAD, ALTRINCHAM, WA15 9HW
Incorporated 26/05/1998

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 22/05/2026

Due 05/06/2027

On track

Industry

46160
Agents involved in the sale of textiles, clothing, fur, footwear and leather goods

Officers

Mr Matthew Quentin Hughes

director · Since 17/06/1998

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 66

Also on 1 other board

Mr Clive John Westbrook

secretary · Since 22/09/1999

ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 70

Also on 4 other boards

Mr Clive John Westbrook

director · Since 05/10/2000

ACCOUNTANT

BRITISH · ENGLAND · Age 70

Also on 4 other boards

Persons with Significant Control

Formatt Holdings Limited

ownership-of-shares-75-to-100-percent-as-trust
voting-rights-75-to-100-percent-as-trust
right-to-appoint-and-remove-directors-as-trust

First Floor 93-95, Hale Road, Altrincham, WA15 9HW

Reg: 12600985 · Registrar Of Companies For England And Wales · Private Limited Company

Notified 03/06/2020

Former PSCs

Mr Matthew Quentin Hughes

Ceased 03/06/2020

Charges4 outstanding

Charge
satisfied

HSBC BANK PLC

Created 10/04/2015Registered 10/04/2015Satisfied 09/06/2020
Charge
satisfied

HSBC BANK PLC

Created 10/04/2015Registered 10/04/2015Satisfied 09/06/2020
Charge
outstanding

HSBC BANK PLC

Created 30/04/2013Registered 02/05/2013
charge
satisfied

HSBC INVOICE FINANCE (UK) LIMITED

Created 23/06/2009Registered 25/06/2009Satisfied 09/06/2020
charge
outstanding

HSBC INVOICE FINANCE (UK) LIMITED (THE SECURITY HOLDER)

Created 17/04/2007Registered 20/04/2007
charge
outstanding

HSBC INVOICE FINANCE (UK) LIMITED (THE SECURITY HOLDER)

Created 17/04/2007Registered 20/04/2007
charge
satisfied

HSBC BANK PLC

Created 23/12/2005Registered 04/01/2006Satisfied 09/06/2020
charge
outstanding

HSBC BANK PLC

Created 01/04/2003Registered 05/04/2003
charge
satisfied

HSBC BANK PLC

Created 24/06/2002Registered 25/06/2002Satisfied 09/06/2020
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 01/03/2002Registered 05/03/2002Satisfied 13/04/2007
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 20/07/2000Registered 25/07/2000Satisfied 13/04/2007

CompanyRankvs 157+ SIC 46160 peers
76

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.74× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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157Formatt Limited
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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.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity16/20 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 31/12/2024

Net Worth

£725k

Balance sheet strength

Cash

£911k

Cash in the bank

Net Current Assets

£721k

Working capital

Current Assets

£1.7M

Current Liabilities

£970k

Fixed Assets

£4k

Debtors

£780k

14avg. employees+2

Balance Sheet

Assets less current liabilities£725k
Prepared with Sage Accounts Production Advanced 2024 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20241.74-£7k
20231.69-£19k
20221.92-£264k
20211.36+£8k
20201.40-£1.3M
20191.81+£762k
20181.40—

Derived from filed accounts. Not audited figures.