Formula Space Ltd
13603571
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 06/09/2025
Due 20/09/2026
Industry
Officers
director · Since 06/09/2021
DIRECTOR
BRITISH · ENGLAND · Age 47
Also on 5 other boards
Persons with Significant Control
Formula Global Ltd
Synergy House, Canterbury Business Park, Canterbury, CT4 5DR
Reg: 13602018 · Companies House · Limited
Notified 06/09/2021
Mr Rolf Thomas Groombridge
British · England · Age 47
Synergy House, Canterbury Business Park, Canterbury, CT4 5DR
Notified 06/09/2021
CompanyRankvs 4873+ SIC 47990 peers75
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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 31/12/2024
Net Worth
£245k
Balance sheet strength
Cash
£112k
Cash in the bank
Net Current Assets
£413k
Working capital
Current Assets
£1.2M
Current Liabilities
£819k
Fixed Assets
£340k
Debtors
£772k
Tax at Year End
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.50 | -£104k |
| 2023 | 1.66 | +£179k |
| 2022 | 1.24 | — |
Derived from filed accounts. Not audited figures.