Back to search

Formula Time Systems Ltd

06155866

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

ROOM 2, 1ST FLOOR, SEVENOAKS, TN13 1DB
Incorporated 13/03/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62012
Business and domestic software development

Officers

Maureen Webster

secretary · Since 13/03/2007

BRITISH

Also on 1 other board

Mr Christopher John Webster

director · Since 13/03/2007

DIRECTOR

BRITISH · ENGLAND · Age 77

Persons with Significant Control

Mr Christopher John Webster

75–100% shares

British · England · Age 77

Room 2, 1st Floor, 7 Blighs Walk, Sevenoaks, TN13 1DB

Notified 13/03/2017

CompanyRankvs 29505+ SIC 62012 peers
46

Financial strength45th percentile among SIC peers · 11/25
Employees17th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.02× · 2/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Show leaderboard
1Arden Software Limited
90
2Animation 2000 Limited
90
3Clive Holmes Limited
90
4H. & A.K. Fletcher Limited
90
5Sas Software Limited
90
6Datastor Systems Limited
90
7Xenith Document Systems Ltd
90
8Tba Doncaster Limited
90
9Industrial Tool Supplies (London) Limited
90
10Computair Limited
90
29505Formula Time Systems Ltd
46
How is this score calculated?
Financial strength11/25 pts

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

Employees3/15 pts

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

Liquidity2/20 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 31/03/2025

Net Worth

£101

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£365k

Working capital

Current Assets

£7k

Current Liabilities

£372k

Debtors

£6k

Profit After Tax

-£4k

0avg. employees

Balance Sheet

Assets less current liabilities-£365k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.02
20240.01

Derived from filed accounts. Not audited figures.