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Formula Power Manufacturing Limited

11437949

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

UNIT18 BANKFIELD BUSINESS PARK, MIRFIELD, WF14 9DQ
Incorporated 28/06/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

24200
Manufacture of tubes, pipes, hollow profiles and related fittings, of steel
29310
Manufacture of electrical and electronic equipment for motor vehicles

Officers

Mrs Lesley Rimmer

director · Since 27/07/2018

PRODUCTION MANAGER

BRITISH · ENGLAND · Age 64

Mr Michael John Rimmer

director · Since 01/02/2019

CONSULTANT

BRITISH · ENGLAND · Age 66

Also on 1 other board

Persons with Significant Control

Mrs Lesley Rimmer

25–50% shares

British · England · Age 64

Unit18, Bankfield Business Park, Mirfield, WF14 9DQ

Notified 05/03/2020

Mr Michael John Rimmer

50–75% shares
50–75% votes

British · England · Age 66

Unit18, Bankfield Business Park, Mirfield, WF14 9DQ

Notified 05/03/2020

Former PSCs

Mr Philip Brodie

Ceased 05/03/2020

CompanyRankvs 193+ SIC 24200 peers
59

Financial strength51th percentile among SIC peers · 13/25
Employees73th percentile among SIC peers · 11/15
LiquidityCurrent ratio 1.13× · 12/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
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193Formula Power Manufacturing Limited
59
How is this score calculated?
Financial strength13/25 pts

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

Employees11/15 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.

Longevity8/15 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 30/06/2025

Net Worth

£9k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£5k

Working capital

Current Assets

£36k

Current Liabilities

£32k

Fixed Assets

£5k

3avg. employees

Balance Sheet

Assets less current liabilities£10k
Signed by Mr Michael Rimmer 13 November 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20251.13+£6k
20240.89-£2k
20230.95—

Derived from filed accounts. Not audited figures.