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Right Formula Property Ltd

08767844

active
ltd
england wales
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

5 Riverlight Quay, Nine Elms Lane, London, SW11 8DX
Incorporated 08/11/2013

Previously known as

Wickfen Limited · until 22/11/2013

Compliance

Last accounts

31/12/2024

audited abridged

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 08/11/2025

Due 22/11/2026

On track

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Robin Bramwell Fenwick

director · Since 08/11/2013

DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 9 other boards

Robin Bramwell Fenwick

director · Since 08/11/2013

British · England · Age 45

Persons with Significant Control

Right Formula Group Limited

75–100% shares
75–100% votes
Appoint directors

19-20 Bourne Court, Southend Road, Woodford Green, IG8 8HD

Reg: 08767405 · England And Wales · Limited Company

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 30/06/2017Registered 17/07/2017
Charge
outstanding

NATIONAL WESTMINSTER BANK PLC

Created 15/06/2017Registered 21/06/2017

Change History

status → active
2026-07-20

Active

type → ltd
2026-07-20

Private Limited Company

address line1 → 5 Riverlight Quay
2026-07-20

5 RIVERLIGHT QUAY

post town → London
2026-07-20

LONDON

CompanyRankvs 83266+ SIC 68209 peers
47

Financial strength95th percentile among SIC peers · 24/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.16× · 2/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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83266Right Formula Property Ltd
56
How is this score calculated?
Financial strength24/25 pts

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

Employees3/15 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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£1.5M

Balance sheet strength

Cash

£177k

Cash in the bank

Net Current Assets

-£1.3M

Working capital

Current Assets

£245k

Current Liabilities

£1.5M

Fixed Assets

£4.2M

Debtors

£68k

0avg. employees

Balance Sheet

Bank loans & overdrafts£1.3M
Assets less current liabilities£3.0M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.16+£908k
20230.17—

Derived from filed accounts. Not audited figures.