Formula 1 Cosmetic Developments Ltd
04928447
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 13/12/2006
COSMETIC CHEMIST
BRITISH · ENGLAND · Age 72
Also on 1 other board
Persons with Significant Control
Mrs Abigail Righton
British · England · Age 72
Demar House, 14 Church Road, Chichester, PO20 8PS
Notified 01/07/2016
CompanyRankvs 27751+ SIC 74909 peers58
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
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
£2k
Balance sheet strength
Cash
£582
Cash in the bank
Net Current Assets
-£3k
Working capital
Current Assets
£11k
Current Liabilities
£14k
Fixed Assets
£5k
Debtors
£11k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.79 | — |
| 2023 | 0.80 | — |
| 2022 | 1.52 | -£3k |
| 2021 | 1.49 | -£13k |
| 2020 | 2.07 | -£8k |
| 2019 | 2.52 | -£25k |
| 2018 | 3.33 | — |
Derived from filed accounts. Not audited figures.