Finance Formula Limited
05137520
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 25/05/2004
FINANCE
BRITISH · ENGLAND · Age 54
Also on 4 other boards
director · Since 25/09/2017
MANAGEMENT CONSULTANT
BRITISH · ENGLAND · Age 50
Also on 2 other boards
secretary · Since 01/05/2022
Persons with Significant Control
Mr Sundeep Paul Nischal
British · England · Age 54
202c St Margarets Road, TW1 1NP
Notified 25/05/2017
CompanyRankvs 5366+ SIC 63120 peers41
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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 31/05/2024
Net Worth
-£188k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£205k
Working capital
Current Assets
£1k
Current Liabilities
£206k
Fixed Assets
£18k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.01 | -£55k |
| 2023 | 0.11 | -£33k |
| 2022 | 0.11 | -£32k |
| 2021 | 0.04 | -£60k |
| 2020 | 0.66 | — |
| 2019 | 0.79 | — |
| 2018 | 0.53 | — |
Derived from filed accounts. Not audited figures.