Formation Property Solutions Limited
09787398
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- 2 outstanding charges (-4)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 21/09/2015
PROPERTY MANAGEMENT
BRITISH · ENGLAND · Age 52
Also on 4 other boards
Persons with Significant Control
Mr Marc Stewart Willton
British · England · Age 52
128, City Road, London, EC1V 2NX
Notified 06/04/2016
Charges2 outstanding
ALDERMORE BANK PLC
ALDERMORE BANK PLC
CompanyRankvs 101447+ SIC 68100 peers30
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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.
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 31/03/2025
Turnover
£5k
Annual revenue
Net Worth
-£29k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£46k
Working capital
Current Assets
£466
Current Liabilities
£47k
Fixed Assets
£64k
Profit After Tax
-£650
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.01 | -£57k |
| 2024 | 0.02 | +£57k |
| 2023 | 0.01 | +£254 |
| 2022 | 0.00 | -£58k |
| 2021 | 0.02 | +£4k |
| 2020 | 0.00 | +£6k |
| 2019 | 0.01 | +£36k |
Derived from filed accounts. Not audited figures.