Formanz Ltd
10996663
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Vytautas Formanskis
Lithuanian · England · Age 50
12, Orchid Place, Basildon, SS15 5GZ
Notified 04/10/2017
Former PSCs
Mrs Zydrune Formanskiene
Ceased 01/11/2019
CompanyRankvs 29528+ SIC 43390 peers41
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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 31/10/2024
Net Worth
-£9k
Balance sheet strength
Cash
£667
Cash in the bank
Net Current Assets
-£5k
Working capital
Current Assets
£5k
Current Liabilities
£11k
Debtors
£5k
Tax at Year End
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2024 | 0.50 | +£625 | £4k |
| 2023 | 0.35 | -£5k | — |
| 2022 | 1.90 | -£1k | — |
| 2021 | 2.64 | — | £1k |
Derived from filed accounts. Not audited figures.