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Formula Land (Downton) Ltd

12958360

active
Private Limited Company
england wales
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)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

THE OIL DEPOT, STRETTON ON DUNSMORE, CV23 9JA
Incorporated 19/10/2020

Compliance

Last accounts

31/07/2024

small

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 18/10/2025

Due 01/11/2026

On track

Industry

68100
Buying and selling of own real estate

Officers

Mr Patrick Joseph Hughes

director · Since 19/10/2020

DIRECTOR

BRITISH · ENGLAND · Age 55

Also on 11 other boards

Mr Robert Martin Leckie

director · Since 19/10/2020

DIRECTOR

BRITISH · ENGLAND · Age 74

Also on 24 other boards

Persons with Significant Control

Montague Investments Limited

25–50% shares
25–50% votes

Office 6, 7 - 11 High Street, Reigate, RH2 9AA

Reg: 05052828 · Uk Company Register · Limited Company

Notified 19/10/2020

Sole Fish Ltd

50–75% shares
50–75% votes

Office 6, 7 - 11 High Street, Reigate, RH2 9AA

Reg: 12955960 · England And Wales · Limited Company

Notified 19/10/2020

Charges0 outstanding

Charge
satisfied

VIRIDOR WASTE LIMITED

Created 31/03/2022Registered 13/04/2022Satisfied 06/10/2023

CompanyRankvs 121887+ SIC 68100 peers
30

Financial strength41th percentile among SIC peers · 10/25
Employees19th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.99× · 6/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength10/25 pts

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

Employees3/15 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.

Risk deductions

Going concern doubt: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 31/07/2024

Net Worth

£100

Balance sheet strength

Cash

Cash in the bank

Profit Before Tax

-£3k

Bottom line earnings

Net Current Assets

-£11k

Working capital

Current Assets

£1.9M

Current Liabilities

£1.9M

Debtors

£100

Admin Expenses

£3k

Profit After Tax

-£3k

0avg. employees

Balance Sheet

Assets less current liabilities-£11k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.99
20231.00
20221.00
20211.00

Derived from filed accounts. Not audited figures.