Formula Merchants Lm Limited
10660902
Healthy
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 09/03/2017
DIRECTOR
BRITISH · ENGLAND · Age 58
Also on 5 other boards
Persons with Significant Control
Mr Anthony James Hieatt
British · England · Age 58
Unit 16 Woking Business Park, Albert Drive, Woking, GU21 5JY
Notified 10/03/2017
CompanyRankvs 1317+ SIC 29320 peers33
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/12/2025
Net Worth
-£402k
Balance sheet strength
Cash
£3k
Cash in the bank
Net Current Assets
-£504k
Working capital
Current Assets
£85k
Current Liabilities
£589k
Fixed Assets
£102k
Debtors
£82k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.14 | -£29k |
| 2024 | 0.15 | -£48k |
| 2023 | 0.17 | -£38k |
| 2022 | 0.15 | -£108k |
| 2021 | 0.18 | — |
Derived from filed accounts. Not audited figures.