Formax Credit (Uk) Limited
09044698
Healthy
No risk factors detected.
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 21/03/2025
COMMERCIAL DIRECTOR
TURKISH · ENGLAND · Age 38
Also on 9 other boards
Persons with Significant Control
Mr Adnan Karaalp
Turkish · United Kingdom · Age 38
64, Charleston Avenue, Basildon, SS13 1JH
Notified 25/03/2025
Former PSCs
Mr Xi Wang
Ceased 25/05/2020
Mr Yesheng Wang
Ceased 25/03/2025
CompanyRankvs 23818+ SIC 86900 peers58
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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 31/03/2025
Net Worth
£280k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£230k
Working capital
Current Assets
£70k
Current Liabilities
£300k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.23 | +£0 |
| 2025 | 0.23 | +£781k |
| 2024 | 0.07 | -£310k |
| 2023 | 4.44 | -£241k |
| 2022 | 54.01 | +£44k |
| 2021 | 15.67 | -£44k |
| 2020 | 54.01 | +£37k |
| 2019 | 28.63 | — |
Derived from filed accounts. Not audited figures.