Fundtion Limited
12974096
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 26/10/2020
COMPANY DIRECTOR
BRITISH · UNITED KINGDOM · Age 49
Also on 5 other boards
Persons with Significant Control
Mr Benjamin Bernard Morris
British · United Kingdom · Age 49
8 Sheredan Road, London, E4 9RW
Notified 26/10/2020
CompanyRankvs 103456+ SIC 62020 peers34
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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.
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/10/2024
Net Worth
-£11k
Balance sheet strength
Cash
£18k
Cash in the bank
Net Current Assets
-£13k
Working capital
Current Assets
£18k
Current Liabilities
£32k
Fixed Assets
£3k
Debtors
£114
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.58 | -£15k |
| 2023 | 1.05 | -£2k |
| 2022 | 1.10 | +£4k |
| 2021 | 0.59 | — |
Derived from filed accounts. Not audited figures.