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Forty Business Services Group Limited

14258539

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

16/18 BEAK STREET, LONDON, W1F 9RD
Incorporated 27/07/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

64209
Activities of other holding companies

Officers

Miss Inca Lockhart-Ross

secretary · Since 27/07/2022

Mr Paul Patrick Mc Gowan

director · Since 27/07/2022

EXECUTIVE CHAIRMAN

IRISH · MONACO · Age 64

Also on 11 other boards

Persons with Significant Control

Mr Paul Patrick Mc Gowan

ownership-of-shares-75-to-100-percent-as-firm
voting-rights-75-to-100-percent-as-firm
right-to-appoint-and-remove-directors-as-firm

Irish · Monaco · Age 64

16/18, Beak Street, London, W1F 9RD

Notified 27/07/2022

CompanyRankvs 57366+ SIC 64209 peers
19

Financial strength3th percentile among SIC peers · 1/25
Employees18th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.69× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength1/25 pts

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

Employees3/15 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.

Longevity4/15 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

any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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 director with respect to g

Key FinancialsYear ending 31/12/2024

Net Worth

-£113k

Balance sheet strength

Cash

£10k

Cash in the bank

Net Current Assets

—

Working capital

Current Assets

£1.4M

Current Liabilities

£2.1M

Fixed Assets

£3k

Debtors

£443k

Cost of Sales

£260

Admin Expenses

£2.8M

Profit After Tax

-£2.6M

0avg. employees

Balance Sheet

Intangible assets£0
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20240.69

Derived from filed accounts. Not audited figures.