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Formula Merchants Ltd

06127081

active
Private Limited Company
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • 1 outstanding charge (-2)

Details

UNIT 16 WOKING BUSINESS PARK, WOKING, GU21 5JY
Incorporated 26/02/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

93199
Other amusement and recreation activities

Officers

Mr Anthony James Hieatt

director · Since 25/11/2010

ENGINEER

BRITISH · ENGLAND · Age 58

Also on 5 other boards

Persons with Significant Control

Mr Anthony James Hieatt

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

British · England · Age 58

Unit 16 Woking Business Park, Albert Drive, Woking, GU21 5JY

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 05/11/2015Registered 13/11/2015

CompanyRankvs 4978+ SIC 93199 peers
56

Financial strength95th percentile among SIC peers · 24/25
Employees42th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.83× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength24/25 pts

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

Employees6/15 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 31/12/2025

Net Worth

£368k

Balance sheet strength

Cash

£140k

Cash in the bank

Net Current Assets

-£193k

Working capital

Current Assets

£923k

Current Liabilities

£1.1M

Debtors

£780k

1avg. employees

Balance Sheet

Bank loans & overdrafts£7k
Assets less current liabilities£368k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.83+£72k
20240.73+£11k
20230.69+£84k
20220.67-£51k
20210.66

Derived from filed accounts. Not audited figures.