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Formed Group Limited

07678531

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

2 CROFTON ROAD, LINCOLN, LN3 4NL
Incorporated 22/06/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46900
Non-specialised wholesale trade

Officers

Mr Roy Haughton

director · Since 22/06/2011

DIRECTOR

BRITISH · ENGLAND · Age 59

Also on 11 other boards

Mr Bruce Haughton

director · Since 05/04/2012

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 36

Also on 9 other boards

Mr Terence Haughton

director · Since 01/01/2017

INTERNAL SALES & MARKETING MANAGER

BRITISH · UNITED KINGDOM · Age 31

Also on 1 other board

Persons with Significant Control

Mr Roy Haughton

25–50% shares
25–50% votes

British · England · Age 59

Blue Pines, 73 Wragby Road, Lincoln, LN2 2QX

Notified 06/04/2016

Mr Bruce Haughton

25–50% shares
25–50% votes

British · England · Age 36

2, Crofton Road, Lincoln, LN3 4NL

Notified 30/04/2019

Former PSCs

Mrs Elizabeth Anne Haughton

Ceased 21/06/2019

CompanyRankvs 318+ SIC 46900 peers
80

Financial strength98th percentile among SIC peers · 25/25
Employees99th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.11× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength25/25 pts

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

Employees15/15 pts

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

Liquidity20/20 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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/12/2024

Turnover

£16.7M

Annual revenue

Net Worth

£4.4M

Balance sheet strength

Cash

£196k

Cash in the bank

Profit Before Tax

£2.4M

Bottom line earnings

Net Current Assets

£4.2M

Working capital

Current Assets

£8.0M

Current Liabilities

£3.8M

Fixed Assets

£309k

Debtors

£2.7M

Cost of Sales

£10.0M

Gross Profit

£6.7M

Admin Expenses

£4.2M

Operating Profit

£2.4M

Profit After Tax

£1.8M

45avg. employees+2

Tax at Year End

Corp tax£605k
Dividends paid£400k

People Costs

Wages & salaries£2.2M
NI contributions£213k

Balance Sheet

Intangible assets£76k
Assets less current liabilities£4.5M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20242.11+£1.4M
20232.00+£643k
20221.87+£399k
20211.74+£238k
20201.65+£481k
20191.96+£351k
20181.81—

Derived from filed accounts. Not audited figures.