Formation Space Ltd
12354007
Healthy
- No accounts filed in last 18 months (-5)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Sukhrajveer Singh
Indian · England · Age 22
98, Westbury Lane, Buckhurst Hill, IG9 5PW
Notified 01/12/2023
Former PSCs
Mr Jagjit Singh
Ceased 01/12/2023
CompanyRankvs 12474+ SIC 43290 peers53
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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 31/12/2024
Net Worth
£26k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
£26k
Working capital
Current Assets
£227k
Current Liabilities
£201k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.13 | +£9k |
| 2023 | 1.08 | -£4k |
| 2022 | 1.11 | +£7k |
| 2021 | 1.06 | — |
Derived from filed accounts. Not audited figures.