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Formar 3 Limited

04751743

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

1171 EVESHAM ROAD, REDDITCH, B96 6DY
Incorporated 02/05/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Lynne Maria Hancock

secretary · Since 13/05/2003

BRITISH

Martin John Hancock

director · Since 13/05/2003

BUILDER

BRITISH · UNITED KINGDOM · Age 67

Also on 1 other board

Persons with Significant Control

Mr Martyn Hancock

25–50% shares

British · England · Age 67

1171 Evesham Road, Redditch, B96 6DY

Notified 02/05/2017

Charges2 outstanding

charge
outstanding

HSBC BANK PLC

Created 05/08/2005Registered 06/08/2005
charge
outstanding

HSBC BANK PLC

Created 11/07/2005Registered 14/07/2005

CompanyRankvs 31377+ SIC 41100 peers
48

Financial strength37th percentile among SIC peers · 9/25
Employees86th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.72× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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31377Formar 3 Limited
54
How is this score calculated?
Financial strength9/25 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.

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 31/12/2024

Net Worth

£100

Balance sheet strength

Cash

£61k

Cash in the bank

Net Current Assets

-£32k

Working capital

Current Assets

£83k

Current Liabilities

£114k

Fixed Assets

£28k

Debtors

£21k

3avg. employees-1

Balance Sheet

Assets less current liabilities-£3k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.72
20231.12

Derived from filed accounts. Not audited figures.