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Formula Properties (Nw) Limited

12869173

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • 1 outstanding charge (-2)

Details

FORMULA HOUSE, ELLESMERE PORT, CH65 4LB
Incorporated 09/09/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate

Officers

Mr Mark Phillip James

director · Since 08/09/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Also on 3 other boards

Miss Claire Louise West

director · Since 08/09/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 45

Also on 2 other boards

Persons with Significant Control

Mr Mark Phillip James

50–75% shares
50–75% votes

British · United Kingdom · Age 42

Formula House, Bridges Road, Ellesmere Port, CH65 4LB

Notified 08/09/2021

Miss Claire Louise West

25–50% shares
25–50% votes

British · United Kingdom · Age 45

Formula House, Bridges Road, Ellesmere Port, CH65 4LB

Notified 08/09/2024

Former PSCs

Mr Stephen Paul James

Ceased 08/09/2021

Mrs Maureen James

Ceased 08/09/2021

Charges1 outstanding

Charge
outstanding

THE MORTGAGE LENDER LIMITED

Created 18/02/2022Registered 18/02/2022

CompanyRankvs 223959+ SIC 68209 peers
25

Financial strength9th percentile among SIC peers · 2/25
Employees77th percentile among SIC peers · 12/15
LiquidityNo balance sheet data · 0/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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223959Formula Properties (Nw) Limited
34
How is this score calculated?
Financial strength2/25 pts

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

Employees12/15 pts

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

Liquidity0/20 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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2024

Net Worth

-£27k

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£6k

Working capital

Current Assets

—

Current Liabilities

£7k

2avg. employees

Balance Sheet

Assets less current liabilities£214k
Prepared with CCH Software

EstimatesDerived

YearImplied Profit
2024-£21k

Derived from filed accounts. Not audited figures.