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Formulate Developments Ltd

09858321

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

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

Details

15 DINGLES CLOSE, TRURO, TR3 7RA
Incorporated 05/11/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41202
Construction of domestic buildings

Officers

Mr William James Francis Evans

director · Since 05/11/2015

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Persons with Significant Control

Mr William James Francis Evans

75–100% shares

British · England · Age 41

15, Dingles Close, Truro, TR3 7RA

Notified 06/04/2016

CompanyRankvs 27272+ SIC 41202 peers
58

Financial strength46th percentile among SIC peers · 12/25
Employees96th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.61× · 6/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
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27272Formulate Developments Ltd
53
How is this score calculated?
Financial strength12/25 pts

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

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity11/15 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 31/12/2024

Net Worth

£968

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£5k

Working capital

Current Assets

£35k

Current Liabilities

£57k

Fixed Assets

£5k

7avg. employees

Balance Sheet

Assets less current liabilities£10k
Prepared with Taxfiler

EstimatesDerived

YearCurrent Ratio
20240.61
20230.77

Derived from filed accounts. Not audited figures.