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Cornfield & Partners Ltd.

08553684

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

1ST FORMATIONS LTD, 71-75, LONDON, WC2H 9JQ
Incorporated 03/06/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

70229
Management consultancy activities

Officers

Mr Mikko Tala

director · Since 03/06/2013

COMPANY DIRECTOR

FINNISH · FRANCE · Age 45

Persons with Significant Control

Mr Mikko Poju Tala

50–75% shares

Finnish · France · Age 45

1st Formations Ltd, 71-75, Shelton Street, London, WC2H 9JQ

Notified 30/06/2016

Mrs Jenni Anna Maria Tala

25–50% shares

Finnish · Spain · Age 46

1st Formations Ltd, 71-75, Shelton Street, London, WC2H 9JQ

Notified 30/06/2016

CompanyRankvs 152138+ SIC 70229 peers
34

Financial strength14th percentile among SIC peers · 4/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.33× · 2/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength4/25 pts

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

Employees0/15 pts

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

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity13/15 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 30/06/2025

Net Worth

-£592

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£402

Working capital

Current Assets

£201

Current Liabilities

£603

Balance Sheet

Assets less current liabilities-£402
Signed by Mr Mikko Tala 15/11/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.33
20240.00+£700
20230.01+£939
20220.00
20211.01

Derived from filed accounts. Not audited figures.