Foretek Ltd
14325021
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Persons with Significant Control
Mr Yabing Cheng
Chinese · China · Age 56
Unit 3, Tallow Way,Fairhills Industrial Estate, Manchester, M44 6RJ
Notified 12/01/2024
Former PSCs
Mr Yifeng Cheng
Ceased 12/01/2024
CompanyRankvs 48213+ SIC 64209 peers35
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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 31/08/2024
Net Worth
£100
Balance sheet strength
Cash
£99k
Cash in the bank
Net Current Assets
-£10k
Working capital
Current Assets
£175k
Current Liabilities
£185k
Debtors
£76k
Profit After Tax
-£7k
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 0.95 |
| 2023 | 1.00 |
Derived from filed accounts. Not audited figures.