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Formation (N E) Ltd

08020325

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

16 NORTHUMBERLAND AVENUE, NEWCASTLE UPON TYNE, NE12 9NR
Incorporated 04/04/2012

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47990
Other retail sale not in stores, stalls or markets
96090
Other personal service activities

Officers

Mr Neil Adam Richards

director · Since 04/04/2012

DIRECTOR

BRITISH · ENGLAND · Age 43

Mr Sidney James Richards

director · Since 04/04/2012

DIRECTOR

BRITISH · ENGLAND · Age 74

Persons with Significant Control

Mr Sidney James Richards

25–50% shares
25–50% votes
Appoint directors

British · England · Age 74

16, Northumberland Avenue, Newcastle Upon Tyne, NE12 9NR

Notified 06/04/2016

CompanyRankvs 3757+ SIC 47990 peers
77

Financial strength82th percentile among SIC peers · 21/25
Employees74th percentile among SIC peers · 11/15
LiquidityCurrent ratio 1.65× · 16/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
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3757Formation (N E) Ltd
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How is this score calculated?
Financial strength21/25 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.

Longevity14/15 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 30/04/2025

Net Worth

£30k

Balance sheet strength

Cash

£28k

Cash in the bank

Net Current Assets

£27k

Working capital

Current Assets

£69k

Current Liabilities

£42k

Fixed Assets

£3k

Debtors

£40k

2avg. employees

Balance Sheet

Assets less current liabilities£30k
Prepared with Sage Accounts Production 24.0 - FRS102_2024

EstimatesDerived

YearCurrent RatioImplied Profit
20251.65+£374
20241.93+£12k
20231.44-£2k
20221.45+£10k
20211.00-£6k
20201.18-£6k
20191.81—

Derived from filed accounts. Not audited figures.