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Formagrid Uk Limited

13587567

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

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

Details

BOROUGH YARDS 13 DIRTY LANE, LONDON, SE1 9PA
Incorporated 26/08/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82110
Combined office administrative service activities
82990
Other business support service activities

Officers

Ryan Noah Marks

director · Since 26/08/2021

ATTORNEY

AMERICAN · UNITED STATES · Age 45

Ambereen Rizvi Toubassy

director · Since 26/08/2021

BUSINESS EXECUTIVE

AMERICAN · UNITED STATES · Age 53

Mr. Keqiang Chen

director · Since 01/12/2025

AMERICAN · UNITED STATES · Age 39

CompanyRankvs 3594+ SIC 82110 peers
48

Financial strength83th percentile among SIC peers · 21/25
Employees100th percentile among SIC peers · 15/15
LiquidityCurrent ratio 0.5× · 2/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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3594Formagrid Uk Limited
57
How is this score calculated?
Financial strength21/25 pts

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

Employees15/15 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

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 co

Key FinancialsYear ending 31/01/2025

Turnover

£14.0M

Annual revenue

Net Worth

£25k

Balance sheet strength

Cash

£1.3M

Cash in the bank

Profit Before Tax

-£802k

Bottom line earnings

Net Current Assets

-£2.6M

Working capital

Current Assets

£2.5M

Current Liabilities

£5.1M

Fixed Assets

£133k

Debtors

£1.1M

Admin Expenses

£14.8M

Operating Profit

-£809k

Profit After Tax

-£30k

58avg. employees+1

People Costs

Wages & salaries£9.0M
NI contributions£1.2M

Balance Sheet

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

EstimatesDerived

YearCurrent RatioImplied Profit
20250.50+£0
20240.48—

Derived from filed accounts. Not audited figures.