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Formation Homes (No.2) Limited

09024357

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

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

Formation Group Plc

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

Oakwood House, 414-422 Hackney Road, London, E2 7SY

Reg: 04145632 · Companies House · Public Limited Company

Notified 10/10/2018

Former PSCs

Mr David Anthony Kennedy

Ceased 27/06/2018

Mr David Anthony Kennedy

Ceased 10/10/2018

Mr Patrick Thomas Kennedy

Ceased 10/10/2018

CompanyRankvs 40708+ SIC 41100 peers
48

Financial strength22th percentile among SIC peers · 6/25
Employees86th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.01× · 2/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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40708Formation Homes (No.2) Limited
48
How is this score calculated?
Financial strength6/25 pts

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

Employees13/15 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.

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.

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

Key FinancialsYear ending 31/08/2023

Net Worth

-£215

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£215

Working capital

Current Assets

£2

Current Liabilities

£217

Debtors

£2

3avg. employees

Balance Sheet

Assets less current liabilities-£215
Prepared with Caseware UK (AP4) 2022.0.179

EstimatesDerived

YearCurrent Ratio
20230.01
20220.01
20210.01
20200.01

Derived from filed accounts. Not audited figures.