The Joy Formidable Ltd
07291388
Notable Risks
- Accounts filing overdue (-15)
- Confirmation statement overdue (-10)
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
30/06/2022
total exemption full
Next accounts due
29/03/2024
Confirmation statement
Last: 20/05/2023
Due 03/06/2024
Industry
Officers
Former
director · Resigned 19/01/2024
Persons with Significant Control
Mr Rhydian Dayydd Davies
Welsh · England · Age 47
55, Kentish Town Road, London, NW1 8NX
Notified 20/05/2017
Change History
Active - Proposal to Strike off
Private Limited Company
55 KENTISH TOWN ROAD
LONDON
CompanyRankvs 11346+ SIC 59200 peers36
Show leaderboard
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 30/06/2022
Net Worth
-£42k
Balance sheet strength
Cash
£6k
Cash in the bank
Net Current Assets
-£4k
Working capital
Current Assets
£14k
Current Liabilities
£18k
Debtors
£134
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2022 | 0.79 | +£4k |
| 2021 | 1.02 | — |
Derived from filed accounts. Not audited figures.