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Formula Land Limited

10953222

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

19 QUEEN ELIZABETH STREET, LONDON, SE1 2LP
Incorporated 08/09/2017

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

41100
Development of building projects
68209
Other letting and operating of own or leased real estate

Officers

Mr David Matthew Cox

director · Since 20/07/2022

DIRECTOR

IRISH · ENGLAND · Age 42

Also on 12 other boards

Miss Valerie Anne Cox

director · Since 20/07/2022

DIRECTOR

IRISH · ENGLAND · Age 40

Also on 3 other boards

Mr Michael James Cox

director · Since 01/10/2024

MANAGING DIRECTOR

IRISH · ENGLAND · Age 70

Persons with Significant Control

Dva Holdings Limited

75–100% shares
75–100% votes
Appoint directors

Foresters Hall, 25-27 Westow Street, London, SE19 3RY

Reg: 13800835 · Companies House, Cardiff · Private Limited Company

Notified 20/07/2022

Former PSCs

Mr Robert Martin Leckie

Ceased 06/11/2020

Montague Investments Limited

Ceased 20/07/2022

Lickfold Inn Limited

Ceased 20/07/2022

Nema Strategic Land Uk Limited

Ceased 20/07/2022

Charges0 outstanding

Charge
satisfied

DVA HOLDINGS LIMITED

Created 20/07/2022Registered 22/07/2022Satisfied 24/06/2025
Charge
satisfied

NEMA STRATEGIC LAND UK LIMITED

Created 12/01/2021Registered 15/01/2021Satisfied 21/07/2022

CompanyRankvs 60707+ SIC 41100 peers
41

Financial strength37th percentile among SIC peers · 9/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.84× · 6/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
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60707Formula Land Limited
36
How is this score calculated?
Financial strength9/25 pts

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

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 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 30/09/2024

Net Worth

£100

Balance sheet strength

Cash

£13k

Cash in the bank

Net Current Assets

-£1.1M

Working capital

Current Assets

£5.9M

Current Liabilities

£6.9M

Debtors

£21k

Profit After Tax

-£27k

0avg. employees

Balance Sheet

Assets less current liabilities-£1.1M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.84
20240.84
20230.87
20220.89

Derived from filed accounts. Not audited figures.