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Forward Balance Ltd

07562259

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

71-75 SHELTON STREET, LONDON, WC2H 9JQ
Incorporated 14/03/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

62020
Information technology consultancy activities

Officers

Mr Russell Selwyn Palmer

director · Since 14/03/2011

DIRECTOR

BRITISH · ENGLAND · Age 60

Persons with Significant Control

Mr Russell Selwyn Palmer

75–100% shares

British · England · Age 60

17, Broadoak Road, Stockport, SK7 3BW

Notified 06/04/2016

CompanyRankvs 39124+ SIC 62020 peers
60

Financial strength52th percentile among SIC peers · 13/25
Employees36th percentile among SIC peers · 5/15
LiquidityCurrent ratio 1.45× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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39124Forward Balance Ltd
60
How is this score calculated?
Financial strength13/25 pts

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

Employees5/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 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 31/03/2025

Net Worth

£4k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£4k

Working capital

Current Assets

£12k

Current Liabilities

£8k

1avg. employees

Balance Sheet

Assets less current liabilities£4k
Signed by Mr Russell Palmer 29/08/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.45-£264
20241.43-£3k
20231.65-£29k
20222.47—
2020Infinity—

Derived from filed accounts. Not audited figures.