Fomtech Limited
10343956
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 24/08/2016
VC ENTREPRENEUR
DUTCH · UNITED KINGDOM · Age 52
Also on 1 other board
director · Since 07/12/2022
CTO
BRITISH · UNITED KINGDOM · Age 57
Also on 1 other board
director · Since 15/06/2023
FINANCIAL MARKETS EXECUTIVE
BRITISH · ENGLAND · Age 46
Also on 3 other boards
Persons with Significant Control
London Stock Exchange Group Holdings Limited
10, Paternoster Square, London, EC4M 7LS
Reg: 06795362 · Companies House · Corporate
Notified 08/02/2023
Former PSCs
Mr Martijn De Wever
Ceased 24/10/2024
Charges1 outstanding
INNOVATE UK LOANS LIMITED
LONDON STOCK EXCHANGE GROUP HOLDINGS LIMITED
CompanyRankvs 6659+ SIC 62090 peers61
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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
Going concern doubt: -10 pts
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
a down round, further reducing cost and asking existing shareholders for support until funding is in place. The Directors, therefore, consider it appropriate to conclude that the business is a going concern but notes that the lack of committed funds represents a material uncertainty at the date of signing these financial statements. Regulatory Risk Floww Markets Limited, a wholly owne
Key FinancialsYear ending 31/08/2024
Turnover
£713k
Annual revenue
Net Worth
£10.9M
Balance sheet strength
Cash
£4.6M
Cash in the bank
Profit Before Tax
-£13.2M
Bottom line earnings
Net Current Assets
£3.4M
Working capital
Current Assets
£3.5M
Current Liabilities
£2.2M
Fixed Assets
£7.5M
Debtors
£681k
Cost of Sales
£1.7M
Gross Profit
-£1.0M
Admin Expenses
£12.5M
Operating Profit
-£13.5M
Profit After Tax
-£13.2M
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 1.64 |
Derived from filed accounts. Not audited figures.