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Formation Homes (No.3) Limited

09024351

active
Private Limited Company
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

LOWER GROUND OFFICE, UNIT 1, LONDON, EC2A 3AH
Incorporated 06/05/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr David Anthony Kennedy

director · Since 06/05/2014

COMPANY DIRECTOR

BRITISH · JERSEY · Age 48

Also on 24 other boards

Mr Patrick Thomas Kennedy

director · Since 10/05/2016

COMPANY DIRECTOR

BRITISH · JERSEY · Age 45

Also on 13 other boards

Mr Dinesh Kumar Pathak

secretary · Since 31/12/2024

Also on 7 other boards

Mr Dinesh Kumar Pathak

director · Since 31/12/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 64

Also on 7 other boards

Persons with Significant Control

Mr David Anthony Kennedy

Significant control

British · Jersey · Age 48

Lower Ground Office, Unit 1, 110 Curtain Road, London, EC2A 3AH

Notified 10/10/2018

Mr Patrick Thomas Kennedy

Significant control

British · Jersey · Age 45

Lower Ground Office, Unit 1, 110 Curtain Road, London, EC2A 3AH

Notified 10/10/2018

Former PSCs

Mr David Anthony Kennedy

Ceased 27/06/2018

Charges2 outstanding

Charge
outstanding

THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND

Created 24/02/2023Registered 28/02/2023
Charge
outstanding

THE GOVERNOR AND COMPANY OF THE BANK OF IRELAND

Created 12/04/2022Registered 19/04/2022

CompanyRankvs 8164+ SIC 41100 peers
64

Financial strength99th percentile among SIC peers · 25/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 202.88× · 20/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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8164Formation Homes (No.3) Limited
74
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.

Employees2/15 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.

Longevity12/15 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 31/08/2024

Net Worth

£6.7M

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£6.7M

Working capital

Current Assets

£6.7M

Current Liabilities

£33k

Fixed Assets

£13

0avg. employees

Balance Sheet

Assets less current liabilities£6.7M
Prepared with Companies House

EstimatesDerived

YearCurrent RatioImplied Profit
2024202.88+£6.7M
20210.01—
20200.01—

Derived from filed accounts. Not audited figures.