Formwork Products Ltd
13780423
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/03/2025
small
Next accounts due
31/12/2026
Confirmation statement
Last: 02/12/2025
Due 16/12/2026
Industry
Officers
director · Since 08/12/2022
DIRECTOR
BRITISH · ENGLAND · Age 53
Also on 12 other boards
director · Since 08/12/2022
DIRECTOR
IRISH · ENGLAND · Age 31
Also on 6 other boards
Persons with Significant Control
C J O'shea Group Limited
Unit 1 Granard Business Centre, Bunns Lane, London, NW7 2DZ
Reg: 10041474 · Companies House · Limited Company
Notified 08/12/2022
Former PSCs
Mr Stephen Carroll
Ceased 08/12/2022
CompanyRankvs 3142+ SIC 25110 peers29
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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.
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 31/03/2023
Turnover
£120k
Annual revenue
Net Worth
-£72k
Balance sheet strength
Cash
£603
Cash in the bank
Net Current Assets
-£13k
Working capital
Current Assets
£63k
Current Liabilities
£76k
Fixed Assets
£17k
Debtors
£44k
Cost of Sales
£87k
Gross Profit
£33k
Admin Expenses
£105k
Operating Profit
-£72k
Profit After Tax
-£72k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2023 | 0.83 |
Derived from filed accounts. Not audited figures.