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Forbrains Limited

05579446

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

1A STATION BUILDINGS, OSWESTRY, SY11 3LX
Incorporated 30/09/2005

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities

Officers

Andrew James Davies Meng Hons Miee

director · Since 30/09/2005

DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 3 other boards

Persons with Significant Control

Mr Andrews James Davies

75–100% shares
75–100% votes
right-to-appoint-and-remove-directors-as-firm
significant-influence-or-control-as-firm

British · United Kingdom · Age 47

1a Station Buildings, Oswestry, SY11 3LX

Notified 30/09/2016

CompanyRankvs 79092+ SIC 62020 peers
43

Financial strength9th percentile among SIC peers · 2/25
Employees36th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.92× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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79092Forbrains Limited
39
How is this score calculated?
Financial strength2/25 pts

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

Employees5/15 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.

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

Key FinancialsYear ending 30/09/2024

Net Worth

-£7k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£7k

Working capital

Current Assets

£78k

Current Liabilities

£85k

1avg. employees
Signed by Mr A Davies,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.92-£8k
20231.01+£4k
20220.96+£706
20211.26+£30k
20201.86-£34k
20191.04-£850
20181.06—

Derived from filed accounts. Not audited figures.