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Formula2gx Digital Group Ltd

12710920

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

124 CITY ROAD, LONDON, EC1V 2NX
Incorporated 01/07/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

74909
Other professional, scientific and technical activities

Officers

Mr Mayur Karlekar

director · Since 01/07/2020

DIRECTOR

BRITISH · UNITED KINGDOM · Age 52

Also on 6 other boards

Persons with Significant Control

Mr Mayur Karlekar

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

British · England · Age 52

124, City Road, London, EC1V 2NX

Notified 01/07/2020

CompanyRankvs 35051+ SIC 74909 peers
51

Financial strength56th percentile among SIC peers · 14/25
Employees69th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.88× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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35051Formula2gx Digital Group Ltd
47
How is this score calculated?
Financial strength14/25 pts

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

Employees10/15 pts

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

Liquidity6/20 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 31/07/2024

Net Worth

£7k

Balance sheet strength

Cash

£341k

Cash in the bank

Net Current Assets

-£50k

Working capital

Current Assets

£359k

Current Liabilities

£408k

Fixed Assets

£157k

Debtors

£18k

2avg. employees

Balance Sheet

Intangible assets£100k
Assets less current liabilities£107k
Signed by 12710920 2023-08-01 2024-07-31 12710920 2024-07-31 12710920 core:FinancialAssetsDesignatedFairValueThroughProfitOrLoss cPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.88-£83k
20231.08+£50k
20221.28+£39k
20211.09—

Derived from filed accounts. Not audited figures.