Formula Service Centre Ltd
13178573
Healthy
- Negative net worth (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 04/02/2021
DIRECTOR
BRITISH · ENGLAND · Age 42
Also on 3 other boards
Persons with Significant Control
Mr Vijay Prabu Kandasamy
British · England · Age 42
19, Holywell Way, Peterborough, PE3 6SS
Notified 04/02/2021
CompanyRankvs 31633+ SIC 45200 peers35
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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 28/02/2025
Net Worth
-£22k
Balance sheet strength
Cash
£13k
Cash in the bank
Net Current Assets
-£38k
Working capital
Current Assets
£8k
Current Liabilities
£45k
Fixed Assets
£16k
Debtors
-£5k
Tax at Year End
Director Loans
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit | Est. Revenue |
|---|---|---|---|
| 2025 | 0.17 | +£0 | £60k |
| 2025 | 0.17 | -£17k | £60k |
| 2024 | 0.15 | +£5k | £76k |
| 2023 | 0.35 | +£670 | £71k |
| 2022 | 0.36 | — | — |
Derived from filed accounts. Not audited figures.