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Formulate Associates Limited

12408035

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)
  • Current liabilities exceed current assets (-10)

Details

740 WATERSIDE DRIVE AZTEC WEST, BRISTOL, BS32 4UF
Incorporated 16/01/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

78109
Other activities of employment placement agencies
78200
Temporary employment agency activities

Officers

Mr Elliott Anthony Mark Redmond

director · Since 16/01/2020

RECRUITMENT CONSULTANT

BRITISH · ENGLAND · Age 32

Also on 5 other boards

Mr Guy Alexander Walker

director · Since 16/01/2020

RECRUITMENT CONSULTANT

BRITISH · ENGLAND · Age 33

Also on 11 other boards

Persons with Significant Control

Talentia Group Ltd

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

740, Aztec West, Bristol, BS32 4UF

Reg: 11864017 · Companies House · Private By Shares

Notified 16/01/2020

CompanyRankvs 19186+ SIC 78109 peers
29

Financial strength5th percentile among SIC peers · 1/25
Employees34th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.32× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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19186Formulate Associates Limited
29
How is this score calculated?
Financial strength1/25 pts

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

Employees5/15 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.

Longevity6/15 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 31/05/2022

Net Worth

-£39k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£38k

Working capital

Current Assets

£20k

Current Liabilities

£63k

1avg. employees

Balance Sheet

Assets less current liabilities-£38k
Prepared with BTCSoftware AP Solution 2022 9.6.01

EstimatesDerived

YearCurrent RatioImplied Profit
20220.32+£13k
20210.07—

Derived from filed accounts. Not audited figures.