Formula Promotions Ltd
07488675
Healthy
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 11/01/2011
DIRECTOR
BRITISH · HONG KONG · Age 65
Also on 2 other boards
director · Since 15/05/2015
DIRECTOR
BRITISH · ENGLAND · Age 66
Also on 2 other boards
director · Since 12/06/2023
DIRECTOR
BRITISH · ENGLAND · Age 38
Also on 4 other boards
director · Since 20/07/2023
DIRECTOR
BRITISH · UNITED KINGDOM · Age 72
Also on 6 other boards
Persons with Significant Control
Mr Richard Iain Meins
British · Hong Kong · Age 71
4th Floor, 100 Fenchurch Street, London, EC3M 5JD
Notified 06/04/2016
CompanyRankvs 121+ SIC 93199 peers89
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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
£11.1M
Balance sheet strength
Cash
£3.0M
Cash in the bank
Net Current Assets
£10.9M
Working capital
Current Assets
£10.9M
Current Liabilities
£13k
Fixed Assets
£333k
Debtors
£7.9M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 857.84 | +£2.9M |
| 2023 | 10.09 | — |
Derived from filed accounts. Not audited figures.