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Forte Securities Limited

06498357

active
Private Limited Company
Companies House
Health Score
69 / 100

Some Concerns

25/30
Filing
10/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

4TH FLOOR, LONDON, W1F 9EE
Incorporated 08/02/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64999
Other financial service activities

Officers

Mr Fadi Kassis

director · Since 08/02/2008

STOCK BROKER

AUSTRALIAN · AUSTRALIA · Age 47

Also on 1 other board

Mr Marco Marwig Bach

director · Since 09/07/2014

BROKER

BRITISH · UNITED KINGDOM · Age 50

Also on 1 other board

Mr Steven Robert Seman

director · Since 09/07/2014

BROKER

BRITISH · ENGLAND · Age 52

Also on 1 other board

Persons with Significant Control

Mr Fadi Kassis

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

Australian · Australia · Age 47

4th Floor, 36 Golden Square, London, W1F 9EE

Notified 06/04/2016

Mr Marco Marwig Bach

Significant control

British · United Kingdom · Age 50

4th Floor, 36 Golden Square, London, W1F 9EE

Notified 06/04/2016

Mr Steven Robert Seman

Significant control

British · United Kingdom · Age 52

4th Floor, 36 Golden Square, London, W1F 9EE

Notified 06/04/2016

Charges3 outstanding

Charge
outstanding

PANMURE GORDON (UK) LIMITED

Created 21/08/2018Registered 08/09/2018
Charge
outstanding

RENEE KASSIS · FADI KASSIS

Created 15/11/2013Registered 18/11/2013
charge
satisfied

ABN AMRO CLEARING BANK N.V.LONDON BRANCH

Created 17/05/2012Registered 22/05/2012Satisfied 04/04/2014
charge
satisfied

THE ROYAL BANK OF SCOTLAND PLC

Created 16/08/2010Registered 25/08/2010Satisfied 27/01/2014
charge
outstanding

SIR RICHARD SUTTON'S SETTLED ESTATES

Created 19/02/2010Registered 10/03/2010

CompanyRankvs 1437+ SIC 64999 peers
65

Financial strength98th percentile among SIC peers · 25/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.54× · 16/20
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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1437Forte Securities Limited
81
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.

Employees14/15 pts

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

Liquidity16/20 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

or - the directors have not disclosed in the financial statements any identified material uncertainties that may cast significant doubt about the company’s ability to continue to adopt the going concern basis of accounting for a period of at least twelve months from the date when the financial statements are authorised for issue. In our evaluation of the directors’ conclusions, we considered the i

Key FinancialsYear ending 30/06/2019

Turnover

£6.9M

Annual revenue

Net Worth

£3.9M

Balance sheet strength

Cash

£4.9M

Cash in the bank

Profit Before Tax

£1.6M

Bottom line earnings

Net Current Assets

£3.8M

Working capital

Current Assets

£11.0M

Current Liabilities

£7.1M

Fixed Assets

£141k

Debtors

£5.8M

Cost of Sales

£3.7M

Gross Profit

£3.1M

Admin Expenses

£1.6M

Operating Profit

£1.5M

Profit After Tax

£1.3M

9avg. employees

Tax at Year End

Corp tax£365k

Director Loans

Company owes directors£61k
Directors owe company£35k

People Costs

Wages & salaries£604k
NI contributions£42k

Balance Sheet

Assets less current liabilities£4.0M
Prepared with Sage Accounts Production Advanced 2018 Update 1 - FRS

EstimatesDerived

YearCurrent Ratio
20191.54

Derived from filed accounts. Not audited figures.