Formation Transport Services Ltd
13128528
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Ben Ashley George Jones
director · Since 12/01/2021
British
CompanyRankvs 343200+ SIC 49410 peers36
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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 31/01/2025
Net Worth
-£38k
Balance sheet strength
Cash
£1k
Cash in the bank
Net Current Assets
-£13k
Working capital
Current Assets
£15k
Current Liabilities
£28k
Fixed Assets
£45k
Debtors
£14k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 0.53 |
Derived from filed accounts. Not audited figures.