Formation 4 Free Ltd
06714929
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Udai Singh
British · England · Age 57
4, Lytton Road, Barnet, EN5 5BY
Notified 06/04/2016
CompanyRankvs 119383+ SIC 70229 peers47
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/10/2025
Net Worth
£690
Balance sheet strength
Cash
£15k
Cash in the bank
Net Current Assets
-£340
Working capital
Current Assets
£29k
Current Liabilities
£29k
Fixed Assets
£1k
Debtors
£13k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.99 | — |
| 2024 | 0.88 | -£3k |
| 2023 | 1.00 | — |
| 2022 | 0.91 | — |
| 2021 | 0.91 | — |
Derived from filed accounts. Not audited figures.