Forfar Chelsea Limited
12532364
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
31/08/2024
audit exemption subsidiary
Next accounts due
31/08/2026
Confirmation statement
Last: 17/10/2025
Due 31/10/2026
Industry
Officers
director · Since 24/03/2020
DIRECTOR
BRITISH · ENGLAND · Age 48
Also on 14 other boards
director · Since 12/05/2020
COMPANY DIRECTOR
AMERICAN · SINGAPORE · Age 41
Also on 10 other boards
Persons with Significant Control
Forfar Education Ltd
4, The Vale, London, SW3 6AH
Reg: 11175313 · Uk · Private Company Limited By Shares
Notified 17/04/2020
Former PSCs
Mr John Russell Forsyth
Ceased 17/04/2020
Charges1 outstanding
GLAS TRUST CORPORATION LIMITED
KROLL TRUSTEE SERVICES LIMITED AS SECURITY TRUSTEE
CompanyRankvs 2562+ SIC 85200 peers16
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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.
Risk deductions
Going concern doubt: -10 pts
Outstanding charges: -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 directors have 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 conc
Key FinancialsYear ending 31/08/2023
Net Worth
-£973k
Balance sheet strength
Cash
£164k
Cash in the bank
Net Current Assets
-£828k
Working capital
Current Assets
£527k
Current Liabilities
£1.4M
Fixed Assets
£253k
Debtors
£364k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 0.39 | -£491k |
| 2022 | 0.47 | -£200k |
| 2021 | 0.76 | — |
Derived from filed accounts. Not audited figures.