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Formula K Products Limited

07515217

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

UNIT 7 GLAN ABER TRADING ESTATE, RHYL, LL18 2PL
Incorporated 03/02/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

30990
Manufacture of other transport equipment

Officers

Mr Geoffrey Graham Liddle

director · Since 03/02/2011

COMPANY DIRECTOR

BRITISH · WALES · Age 79

Also on 2 other boards

Mr Daniel Marc Liddle

director · Since 01/01/2016

COMMERCIAL DIRECTOR

BRITISH · WALES · Age 54

Also on 3 other boards

Persons with Significant Control

Mr Geoffrey Graham Liddle

75–100% shares

British · Wales · Age 79

Unit 7, Glan Aber Trading Estate, Rhyl, LL18 2PL

Notified 06/04/2016

Mr Daniel Marc Liddle

25–50% shares

British · Wales · Age 54

Unit 7, Glan Aber Trading Estate, Rhyl, LL18 2PL

Notified 01/03/2024

CompanyRankvs 213+ SIC 30990 peers
73

Financial strength63th percentile among SIC peers · 16/25
Employees72th percentile among SIC peers · 11/15
LiquidityCurrent ratio 1.52× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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213Formula K Products Limited
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How is this score calculated?
Financial strength16/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees11/15 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.

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Key FinancialsYear ending 28/02/2025

Net Worth

£60k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£57k

Working capital

Current Assets

£166k

Current Liabilities

£109k

Fixed Assets

£12k

5avg. employees+1

Balance Sheet

Assets less current liabilities£69k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20251.52+£18k
20241.34+£28k
20231.49+£2k
20221.51+£3k
20211.10+£3k
20204.40+£4k
20192.20—

Derived from filed accounts. Not audited figures.