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Formidable Capital Assets Limited

05441100

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 8 outstanding charges (-10)

Details

NEWGATE HOUSE, ROCHDALE, OL16 1XB
Incorporated 03/05/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Peter David Schofield

director · Since 03/05/2005

DIRECTOR

BRITISH · ENGLAND · Age 64

Also on 47 other boards

Mr Nicholas James Bent

director · Since 04/08/2021

FINANCE DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 32 other boards

Persons with Significant Control

Tetrosyl Group Ltd

75–100% shares
75–100% votes
Appoint directors

Bevis Green Works, Mill Road, Bury, BL9 6RE

Notified 06/04/2016

Charges8 outstanding

Charge
outstanding

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CompanyRankvs 204090+ SIC 82990 peers
57

Financial strength100th percentile among SIC peers · 25/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 3.61× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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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.

Employees2/15 pts

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

Liquidity20/20 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company ’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going c

Key FinancialsYear ending 31/03/2025

Turnover

£3.5M

Annual revenue

Net Worth

£42.1M

Balance sheet strength

Cash

£57k

Cash in the bank

Profit Before Tax

£2.1M

Bottom line earnings

Net Current Assets

£23.0M

Working capital

Current Assets

£31.8M

Current Liabilities

£8.8M

Fixed Assets

£19.8M

Debtors

£31.8M

Gross Profit

£3.5M

Admin Expenses

£749k

Operating Profit

£2.7M

Profit After Tax

£2.0M

0avg. employees

Tax at Year End

Corp tax£29k

Balance Sheet

Bank loans & overdrafts£8.7M
Assets less current liabilities£42.9M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20253.61+£2.0M
202421.77+£1.4M
202314.65—

Derived from filed accounts. Not audited figures.