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Formative Coffee Ltd

11467512

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)

Details

27 FORMATIVE COFFEE LTD, LONDON, WC1N 3AX
Incorporated 17/07/2018

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

10832
Production of coffee and coffee substitutes
56102
Unlicensed restaurants and cafes

Officers

Mr Ian Richard Kissick

director · Since 17/07/2018

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 33

Also on 1 other board

Persons with Significant Control

Mr Ian Richard Kissick

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

British · England · Age 33

27, Formative Coffee Ltd, London, WC1N 3AX

Notified 17/07/2018

CompanyRankvs 489+ SIC 10832 peers
33

Financial strength18th percentile among SIC peers · 5/25
Employees86th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.45× · 2/20
Longevity8 years trading (max 15) · 8/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength5/25 pts

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

Employees13/15 pts

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

Liquidity2/20 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.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The director has not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going c

Key FinancialsYear ending 31/07/2024

Net Worth

-£11k

Balance sheet strength

Cash

£778

Cash in the bank

Net Current Assets

-£69k

Working capital

Current Assets

£55k

Current Liabilities

£124k

Fixed Assets

£76k

Debtors

£52k

7avg. employees+2

Tax at Year End

VAT£20k

Director Loans

Company owes directors£44k

Balance Sheet

Assets less current liabilities£7k
Signed by Mr I Kissick 28/11/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20240.45+£47k£396k
20230.36+£12k£156k
20220.27-£5k£31k
20210.28+£4k—
20200.36——
20190.21——

Derived from filed accounts. Not audited figures.