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Formula Estates Ltd

13492384

active
Private Limited Company
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

202C ST. MARGARETS ROAD, TWICKENHAM, TW1 1NP
Incorporated 05/07/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68100
Buying and selling of own real estate
68209
Other letting and operating of own or leased real estate

Officers

Mr Sundeep Paul Nischal

director · Since 05/07/2021

DIRECTOR

BRITISH · ENGLAND · Age 54

Also on 4 other boards

Mrs Elizabeth Nischal

director · Since 20/07/2022

MANAGEMENT CONSULTANT

BRITISH · ENGLAND · Age 50

Also on 2 other boards

Persons with Significant Control

Mr Sundeep Paul Nischal

75–100% shares
75–100% votes

British · England · Age 54

202c St. Margarets Road, Twickenham, TW1 1NP

Notified 05/07/2021

Charges1 outstanding

Charge
outstanding

SAFFRON BUILDING SOCIETY

Created 05/01/2023Registered 05/01/2023

CompanyRankvs 184799+ SIC 68100 peers
14

Financial strength9th percentile among SIC peers · 2/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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184799Formula Estates Ltd
23
How is this score calculated?
Financial strength2/25 pts

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

Employees0/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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

-£32k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£280k

Working capital

Current Assets

£10

Current Liabilities

£280k

Fixed Assets

£541k

Balance Sheet

Assets less current liabilities£261k
Signed by Sundeep Nischal 29/12/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.00-£30k
20230.02—

Derived from filed accounts. Not audited figures.