Formula Fast Limited
06986966
Healthy
- Negative net worth (-10)
Details
Compliance
Last accounts
30/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 03/09/2025
Due 17/09/2026
Industry
Officers
director · Since 25/03/2013
MANAGING DIRECTOR
BRITISH · ENGLAND · Age 38
Also on 1 other board
Persons with Significant Control
Mr Philip James Stanley
British · England · Age 38
Formula Fast Indoor Karting, Unit 3, Bond Estate, Milton Keynes, MK1 1JJ
Notified 06/04/2016
CompanyRankvs 9486+ SIC 93199 peers52
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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 30/12/2024
Net Worth
-£60k
Balance sheet strength
Cash
£42k
Cash in the bank
Net Current Assets
-£84k
Working capital
Current Assets
£86k
Current Liabilities
£170k
Fixed Assets
£49k
Debtors
£42k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.51 | +£6k |
| 2023 | 0.52 | -£32k |
| 2021 | 2.32 | +£90k |
| 2020 | 1.81 | — |
Derived from filed accounts. Not audited figures.