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Is Formula Ltd.

10947675

active
Private Limited Company
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)

Details

FLAT 35 MERLIN COURT, LONDON, SE3 9BW
Incorporated 05/09/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

63110
Data processing, hosting and related activities
63990
Other information service activities
74909
Other professional, scientific and technical activities

Officers

Mr Iu Sing Fong

director · Since 05/09/2017

DATA ANALYST

BRITISH · ENGLAND · Age 40

Also on 1 other board

Persons with Significant Control

Mr Iu Sing Fong

50–75% shares
50–75% votes

British · England · Age 40

Flat 35 Merlin Court, 28 Handley Drive, London, SE3 9BW

Notified 05/09/2017

Mrs Wai Yee Fong

50–75% shares
50–75% votes

Chinese · England · Age 36

Flat 35 Merlin Court, 28 Handley Drive, London, SE3 9BW

Notified 01/02/2018

CompanyRankvs 2666+ SIC 63110 peers
63

Financial strength81th percentile among SIC peers · 20/25
Employees48th percentile among SIC peers · 7/15
LiquidityCurrent ratio 1.06× · 12/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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2666Is Formula Ltd.
63
How is this score calculated?
Financial strength20/25 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.

Liquidity12/20 pts

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

Longevity9/15 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 31/01/2025

Net Worth

£35k

Balance sheet strength

Cash

£4k

Cash in the bank

Net Current Assets

£347

Working capital

Current Assets

£6k

Current Liabilities

£5k

Fixed Assets

£34k

Debtors

£1k

1avg. employees

Balance Sheet

Assets less current liabilities£35k
Signed by Mr Iu Fong 21/07/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.06-£21k
20242.27-£18k
202316.40—

Derived from filed accounts. Not audited figures.