Foretek Ltd
14325021
Some Concerns
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
Details
Compliance
Last accounts
31/08/2025
micro entity
Next accounts due
31/05/2027
Confirmation statement
Last: 14/01/2026
Due 28/01/2027
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 56744+ SIC 64209 peers30
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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 31/08/2025
Net Worth
-£14k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£38k
Working capital
Current Assets
£147k
Current Liabilities
£185k
Fixed Assets
£24k
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2025 | 0.80 |
| 2024 | 0.95 |
| 2023 | 1.00 |
Derived from filed accounts. Not audited figures.