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Right Formula Ltd

06969725

active
Private Limited Company
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

5 RIVERLIGHT QUAY, LONDON, SW11 8DX
Incorporated 22/07/2009

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr Robin Bramwell Fenwick

director · Since 22/07/2009

MARKETING DIRECTOR

BRITISH · UNITED KINGDOM · Age 45

Persons with Significant Control

Right Formula Group Limited

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

19-20 Bourne Court, Southend Road, Woodford Green, IG8 8HD

Reg: 08767405 · England And Wales · 08767405

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 18/06/2013Registered 05/07/2013

CompanyRankvs 6535+ SIC 82990 peers
66

Financial strength100th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.68× · 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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6535Right Formula Ltd
82
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.

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

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 director with respect to going con

Key FinancialsYear ending 31/12/2024

Turnover

£29.3M

Annual revenue

Net Worth

£9.4M

Balance sheet strength

Cash

£7.6M

Cash in the bank

Profit Before Tax

£2.5M

Bottom line earnings

Net Current Assets

£9.0M

Working capital

Current Assets

£22.3M

Current Liabilities

£13.3M

Fixed Assets

£451k

Debtors

£14.7M

Cost of Sales

£20.6M

Gross Profit

£8.7M

Admin Expenses

£6.5M

Operating Profit

£2.2M

Profit After Tax

£2.0M

70avg. employees+5

Tax at Year End

Corp tax£356k
Dividends paid£188k

People Costs

Wages & salaries£4.1M
NI contributions£439k

Balance Sheet

Intangible assets£215k
Assets less current liabilities£9.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20241.68+£1.8M
20231.63-£295k
20213.23—

Derived from filed accounts. Not audited figures.