Back to search

Formation Property Limited

13459764

active
Private Limited Company
england wales
Companies House
Health Score
84 / 100

Healthy

30/30
Filing
20/30
Financial
34/40
Risk
  • 3 outstanding charges (-6)

Details

UNIT 1, HIGHBRIDGE, TA9 4AR
Incorporated 16/06/2021

Compliance

Last accounts

31/12/2025

total exemption full

Next accounts due

30/09/2027

On track

Confirmation statement

Last: 15/06/2025

Due 29/06/2026

On track

Industry

64305
Activities of property unit trusts

Officers

Mr Andrew Charles Barber

director · Since 16/06/2021

DIRECTOR

BRITISH · ENGLAND · Age 44

Also on 7 other boards

Mr Adam Coulson Jolliffe

director · Since 16/06/2021

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 9 other boards

Persons with Significant Control

Mr Adam Coulson Jolliffe

25–50% shares
25–50% votes
Appoint directors

British · England · Age 56

Unit 1, Evercreech Way, Highbridge, TA9 4AR

Notified 16/06/2021

Mr Andrew Charles Barber

25–50% shares
25–50% votes
Appoint directors

British · England · Age 44

Westleigh, Toot Hill Road, Ongar, CM5 9LH

Notified 16/06/2021

Charges3 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 09/08/2024Registered 15/08/2024
Charge
outstanding

HSBC UK BANK PLC

Created 09/08/2024Registered 15/08/2024
Charge
outstanding

HSBC UK BANK PLC

Created 21/09/2022Registered 21/09/2022

CompanyRankvs 78+ SIC 64305 peers
54

Financial strength97th percentile among SIC peers · 24/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.5× · 6/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
Show leaderboard
How is this score calculated?
Financial strength24/25 pts

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

Employees14/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£966k

Balance sheet strength

Cash

£91k

Cash in the bank

Net Current Assets

-£93k

Working capital

Current Assets

£94k

Current Liabilities

£187k

Fixed Assets

£2.5M

Debtors

£3k

3avg. employees

Tax at Year End

Corp tax£14k

Balance Sheet

Assets less current liabilities£2.4M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.50+£46k
20231.06+£101k
2022+£154k

Derived from filed accounts. Not audited figures.