Prime Formations Limited
07066200
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Previously known as
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 20/06/2025
Due 04/07/2026
Industry
Officers
Persons with Significant Control
Mr Matthew Olatunji Okuboyejo
British · United Kingdom · Age 62
Newspring House, 3 Worcester Avenue, Liverpool, L13 9AZ
Notified 06/04/2016
Change History
Active
Private Limited Company
NEWSPRING HOUSE 3 WORCESTER AVENUE
LIVERPOOL
CompanyRankvs 28701+ SIC 69201 peers35
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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 31/03/2025
Net Worth
-£37k
Balance sheet strength
Cash
-£9
Cash in the bank
Net Current Assets
-£37k
Working capital
Current Assets
£33
Current Liabilities
£37k
Debtors
£42
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.00 | -£746 |
| 2024 | 0.02 | -£5k |
| 2023 | 0.01 | — |
Derived from filed accounts. Not audited figures.