Is Formula Ltd.
10947675
Healthy
No risk factors detected.
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 05/09/2017
DATA ANALYST
BRITISH · ENGLAND · Age 39
Also on 1 other board
Persons with Significant Control
Mr Iu Sing Fong
British · England · Age 39
Flat 35 Merlin Court, 28 Handley Drive, London, SE3 9BW
Notified 05/09/2017
Mrs Wai Yee Fong
Chinese · England · Age 35
Flat 35 Merlin Court, 28 Handley Drive, London, SE3 9BW
Notified 01/02/2018
CompanyRankvs 2861+ SIC 63110 peers63
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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 31/01/2025
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
Tax at Year End(2020)
Director Loans(2021)
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 1.06 | -£21k | — |
| 2024 | 2.27 | -£18k | — |
| 2023 | 16.40 | +£20k | — |
| 2022 | 2.44 | +£49k | — |
| 2021 | 6.29 | +£2k | — |
| 2020 | — | -£30k | £207k |
| 2019 | 1.96 | — | £207k |
Derived from filed accounts. Not audited figures.