Transforma Travel Group Ltd
07578980
Some Concerns
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 30/04/2015
DIRECTOR
BRITISH · UNITED KINGDOM · Age 38
Also on 1 other board
Persons with Significant Control
Transforma Travel Group Limited
Rooms 1380-20, Hollywood Plaza, 610 Nathan Road, M, Rooms 1380-20, Hollywood Plaza, 610 Nathan Road, M, Hong Kong
Reg: 2233957 · Hong Kong Company Registry · Limited Company
Notified 10/04/2018
Former PSCs
Mr Ramsay Kerr
Ceased 10/04/2018
Charges1 outstanding
HSBC UK BANK PLC
CompanyRankvs 3211+ SIC 79110 peers37
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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.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
are satisfied that the group will have sufficient headroom on cash were these scenarios to materialise. Due to the availability of parental support, the financial statements have been prepared on a going concern basis and the directors do not consider there to be any material uncertainty regarding the Company’s ability to continue as a going concern. 2.3 Foreign currency translation Functional a
Key FinancialsYear ending 31/10/2025
Net Worth
-£416k
Balance sheet strength
Cash
£1.3M
Cash in the bank
Net Current Assets
£1.2M
Working capital
Current Assets
£9.7M
Current Liabilities
£8.6M
Fixed Assets
£1.0M
Debtors
£8.5M
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 1.14 | -£153k |
| 2024 | 1.18 | -£348k |
| 2023 | 1.07 | +£392k |
| 2022 | 0.82 | -£63k |
| 2021 | 0.86 | -£57k |
| 2020 | 1.22 | -£245k |
| 2019 | 1.63 | +£5k |
| 2018 | 1.31 | — |
Derived from filed accounts. Not audited figures.