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7 Formation Limited

06718528

active
Private Limited Company
Companies House
Health Score
84 / 100

Healthy

30/30
Filing
20/30
Financial
34/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 3 outstanding charges (-6)

Details

23 PRINCEWOOD ROAD, CORBY, NN17 4AP
Incorporated 08/10/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43290
Other construction installation
43390
Other building completion and finishing

Officers

Mr Steven Paul Rudkin

director · Since 19/01/2009

ELECTRICIAN

BRITISH · ENGLAND · Age 56

Also on 2 other boards

Mr Jak Garner

director · Since 28/01/2016

PROJECT MANAGER

BRITISH · UNITED KINGDOM · Age 36

Also on 5 other boards

Mr Andrew Robert Bagshaw

director · Since 01/01/2017

COMMERCIAL DIRECTOR

BRITISH · UNITED KINGDOM · Age 53

Also on 6 other boards

Persons with Significant Control

7f Trading Limited

75–100% shares
75–100% votes

Gemini Suite, Rockingham Logistics Hub, Corby, NN17 5AF

Reg: 11032898 · England And Wales · Company Limited By Shares

Notified 15/12/2017

Former PSCs

Mr Simon Robert Smith

Ceased 15/12/2017

Charges3 outstanding

Charge
outstanding

LLOYDS BANK PLC

Created 21/11/2025Registered 28/11/2025
Charge
outstanding

LLOYDS BANK PLC

Created 17/08/2022Registered 26/08/2022
Charge
outstanding

LLOYDS BANK PLC

Created 26/06/2020Registered 29/06/2020

CompanyRankvs 17860+ SIC 43290 peers
62

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.13× · 12/20
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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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.

Employees15/15 pts

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

Liquidity12/20 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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going concern are d

Key FinancialsYear ending 31/12/2025

Net Worth

£4.3M

Balance sheet strength

Cash

£2.5M

Cash in the bank

Profit Before Tax

£2.7M

Bottom line earnings

Net Current Assets

£2.3M

Working capital

Current Assets

£19.9M

Current Liabilities

£17.6M

Fixed Assets

£3.3M

Debtors

£17.3M

Admin Expenses

£3.3M

Profit After Tax

£2.0M

51avg. employees-3

Tax at Year End

Corp tax£694k
Dividends paid£385k

People Costs

Wages & salaries£2.6M

Balance Sheet

Intangible assets£0
Bank loans & overdrafts£1.3M
Assets less current liabilities£5.6M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20251.13+£997k
20241.20+£1.3M
20231.12+£507k
20221.21-£648k
20211.37+£545k
20201.52+£280k
20191.36+£238k
20181.25

Derived from filed accounts. Not audited figures.