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M Forfar Limited

10482104

active
Private Limited Company
Companies House
Health Score
59 / 100

Notable Risks

25/30
Filing
0/30
Financial
34/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

62 STAKES ROAD, WATERLOOVILLE, PO7 5NT
Incorporated 16/11/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects

Officers

Mr Michael Forfar

director · Since 16/11/2016

DIRECTOR

BRITISH · ENGLAND · Age 68

Also on 2 other boards

Persons with Significant Control

Mr Michael Forfar

50–75% shares
50–75% votes
Appoint directors

British · England · Age 68

62 Stakes Road, Waterlooville, PO7 5NT

Notified 16/11/2016

Former PSCs

Miss Sian Forfar

Ceased 01/01/2018

Charges3 outstanding

Charge
outstanding

PENINSULA FINANCE PLC

Created 02/07/2025Registered 07/07/2025
Charge
outstanding

PENINSULA FINANCE PLC

Created 06/04/2018Registered 09/04/2018
Charge
outstanding

PENINSULA FINANCE PLC

Created 06/04/2018Registered 09/04/2018

CompanyRankvs 61515+ SIC 41100 peers
26

Financial strength7th percentile among SIC peers · 2/25
Employees45th percentile among SIC peers · 7/15
LiquidityCurrent ratio 0.1× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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61515M Forfar Limited
35
How is this score calculated?
Financial strength2/25 pts

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

Employees7/15 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.

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 30/11/2024

Net Worth

-£81k

Balance sheet strength

Cash

£7k

Cash in the bank

Net Current Assets

-£657k

Working capital

Current Assets

£72k

Current Liabilities

£729k

Fixed Assets

£877k

Debtors

£65k

1avg. employees+1

Balance Sheet

Assets less current liabilities£220k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.10-£13k
20230.22—

Derived from filed accounts. Not audited figures.