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Formhalls Vintage & Racing Limited

04330563

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
55 / 100

Notable Risks

25/30
Filing
10/30
Financial
20/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Active insolvency proceedings (-20)

Details

TOWNGATE HOUSE, POOLE, BH15 2PW
Incorporated 28/11/2001

Compliance

Last accounts

31/12/2024

audit exemption subsidiary

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 28/11/2025

Due 12/12/2026

On track

Industry

29320
Manufacture of other parts and accessories for motor vehicles
45200
Maintenance and repair of motor vehicles

Officers

Mr Howard Spencer Nash

director · Since 26/08/2021

DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 18 other boards

Paul Milne

director · Since 01/07/2025

BRITISH · UNITED KINGDOM · Age 58

Also on 18 other boards

Persons with Significant Control

Marcos Motor Company Limited

75–100% shares
75–100% votes

Towngate House, 2-8 Parkstone Road, Poole, BH15 2PW

Reg: 00570928 · England & Wales · England & Wales

Notified 26/08/2021

Former PSCs

Mr Charles Stanley Tanner

Ceased 26/03/2024

Mr Richard Julian Messent

Ceased 26/03/2024

Charges0 outstanding

charge
satisfied

SANTANDER UK PLC (AS SECURITY TRUSTEE)

Created 21/05/2012Registered 23/05/2012Satisfied 26/04/2023
charge
satisfied

SANTANDER UK PLC (AS SECURITY TRUSTEE)

Created 21/05/2012Registered 23/05/2012Satisfied 27/04/2023

Insolvency History1 case

creditors voluntary liquidation23/04/2026

Simon John Lowes (practitioner) · Stephen Powell (practitioner)

CompanyRankvs 860+ SIC 29320 peers
36

Financial strength3th percentile among SIC peers · 1/25
Employees85th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.29× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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How is this score calculated?
Financial strength1/25 pts

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

Employees13/15 pts

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

Liquidity2/20 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/12/2023

Net Worth

-£135k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£143k

Working capital

Current Assets

£59k

Current Liabilities

£202k

Fixed Assets

£7k

Debtors

£56k

7avg. employees

Balance Sheet

Assets less current liabilities-£135k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20230.29

Derived from filed accounts. Not audited figures.