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Formulate Change Ltd

07861003

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

203 LONDON ROAD, BENFLEET, SS7 2RD
Incorporated 25/11/2011

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

69201
Accounting and auditing activities
69203
Tax consultancy
82990
Other business support service activities

Officers

Mr Raymond John Osborne

director · Since 25/11/2011

CHARTERED ACCOUNTANT

BRITISH · ENGLAND · Age 79

Also on 1 other board

Persons with Significant Control

Mr Raymond John Osborne

75–100% shares

British · England · Age 79

203, London Road, Benfleet, SS7 2RD

Notified 06/04/2016

CompanyRankvs 21616+ SIC 69201 peers
53

Financial strength33th percentile among SIC peers · 8/25
Employees58th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.91× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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21616Formulate Change Ltd
48
How is this score calculated?
Financial strength8/25 pts

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

Employees9/15 pts

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

Liquidity6/20 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

£294

Balance sheet strength

Cash

£3k

Cash in the bank

Net Current Assets

-£865

Working capital

Current Assets

£9k

Current Liabilities

£10k

Fixed Assets

£1k

Debtors

£6k

2avg. employees

Tax at Year End

Corp tax£2k
VAT£2k

Director Loans

Company owes directors£818

Balance Sheet

Assets less current liabilities£294
Signed by Mr Raymond Osborne 12/12/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioEst. Revenue
20250.91£46k
20241.00£28k
20230.90£39k

Derived from filed accounts. Not audited figures.