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Forel Uk & Ireland Ltd

13436426

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

UNIT 3 M11 BUSINESS LINK, STANSTED, CM24 8GF
Incorporated 03/06/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

28990
Manufacture of other special-purpose machinery
33120
Repair of machinery
33190
Repair of other equipment
46140
Agents involved in the sale of machinery, industrial equipment, ships and aircraft

Officers

Riccardo Vianello

director · Since 03/06/2021

DIRECTOR

ITALIAN · ITALY · Age 45

Mr Brian Mcdonald

director · Since 14/08/2023

DIRECTOR

BRITISH · ENGLAND · Age 58

Persons with Significant Control

Riccardo Vianello

75–100% shares
75–100% votes
Appoint directors

Italian · Italy · Age 45

4, Via Per Monastier, Roncade, 31056

Notified 03/06/2021

CompanyRankvs 2105+ SIC 28990 peers
28

Financial strength3th percentile among SIC peers · 1/25
Employees75th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.76× · 6/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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2105Forel Uk & Ireland Ltd
34
How is this score calculated?
Financial strength1/25 pts

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

Employees11/15 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.

Longevity5/15 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 concern are d

Key FinancialsYear ending 31/12/2025

Turnover

£1.3M

Annual revenue

Net Worth

-£255k

Balance sheet strength

Cash

£67k

Cash in the bank

Profit Before Tax

-£174k

Bottom line earnings

Net Current Assets

-£210k

Working capital

Current Assets

£652k

Current Liabilities

£862k

Fixed Assets

£15k

Debtors

£419k

Cost of Sales

£870k

Gross Profit

£400k

Admin Expenses

£569k

Operating Profit

-£168k

Profit After Tax

-£131k

9avg. employees

Balance Sheet

Assets less current liabilities-£195k
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20250.76+£0
20250.76-£131k
20240.92-£76k
20231.08—

Derived from filed accounts. Not audited figures.