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I Formation Systems Limited

10183994

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)

Details

THE COTTAGE, REIGATE, RH2 0AP
Incorporated 17/05/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate
68320
Management of real estate on a fee or contract basis

Officers

Mr Ashish Pravinbhai Patel

director · Since 17/05/2016

DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 2 other boards

Mrs Hiral Ashish Patel

director · Since 17/05/2016

DIRECTOR

BRITISH · ENGLAND · Age 43

Also on 3 other boards

Persons with Significant Control

Mrs Hiral Ashish Patel

25–50% shares
25–50% votes

British · England · Age 43

The Cottage, 2 Castlefield Road, Reigate, RH2 0AP

Notified 17/05/2016

Mr Ashish Pravinbhai Patel

25–50% shares
25–50% votes

British · England · Age 52

The Cottage, 2 Castlefield Road, Reigate, RH2 0AP

Notified 17/05/2016

CompanyRankvs 190810+ SIC 68209 peers
38

Financial strength30th percentile among SIC peers · 8/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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190810I Formation Systems Limited
38
How is this score calculated?
Financial strength8/25 pts

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

Employees3/15 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.

Longevity10/15 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 31/05/2025

Net Worth

£2

Balance sheet strength

Cash

£147

Cash in the bank

Net Current Assets

-£38k

Working capital

Current Assets

£147

Current Liabilities

£38k

Fixed Assets

£3k

Debtors

£0

0avg. employees

Balance Sheet

Assets less current liabilities-£35k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.00—
20250.00—
20240.78-£1k
20230.89+£3k
20220.81+£2k
20210.10—

Derived from filed accounts. Not audited figures.