Formco Construction Limited
06798011
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 03/06/2009
DIRECTOR
IRISH · ENGLAND · Age 46
Also on 11 other boards
director · Since 01/02/2015
DIRECTOR
IRISH · ENGLAND · Age 64
Also on 16 other boards
Persons with Significant Control
Manco South Limited
Redeham Hall, Redehall Road, Horley, RH6 9RJ
Reg: 09434310 · England And Wales · Limited Liability Company
Notified 05/01/2023
Former PSCs
Mr James Gerard Hickey
Ceased 05/01/2023
Mr Michael Anthony Hickey
Ceased 05/01/2023
Charges1 outstanding
BOSMAN LIMITED
MANCO SOUTH LIMITED
MICHAEL ANTHONY HICKEY
MICHAEL ANTHONY HICKEY
MICHAEL ANTHONY HICKEY
CompanyRankvs 958+ SIC 77320 peers46
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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.
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 30/04/2024
Turnover
£1.4M
Annual revenue
Net Worth
£11.5M
Balance sheet strength
Cash
£154k
Cash in the bank
Profit Before Tax
-£537k
Bottom line earnings
Net Current Assets
-£5.5M
Working capital
Current Assets
£274k
Current Liabilities
£5.8M
Fixed Assets
£20.2M
Debtors
£120k
Cost of Sales
£500k
Gross Profit
£891k
Admin Expenses
£1.3M
Operating Profit
-£457k
Profit After Tax
£720k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.05 | +£902k |
| 2023 | 0.02 | +£5.0M |
| 2022 | 0.42 | -£708k |
| 2021 | 0.18 | +£5.1M |
| 2020 | 1.02 | — |
Derived from filed accounts. Not audited figures.