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Form Eighty Limited

14328088

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

36 LIME STREET, NEWCASTLE UPON TYNE, NE1 2PQ
Incorporated 31/08/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

31090
Manufacture of other furniture

Officers

Mr Sean Neil Richardson

director · Since 31/08/2022

DIRECTOR

BRITISH · ENGLAND · Age 35

Mr Cameron James Wilkinson

director · Since 31/08/2022

DIRECTOR

BRITISH · ENGLAND · Age 37

Persons with Significant Control

Mr Sean Neil Richardson

25–50% shares
25–50% votes

British · England · Age 35

44, Team Valley Business Centre, Gateshead, NE11 0QH

Notified 31/08/2022

Mr Cameron James Wilkinson

25–50% shares
25–50% votes

British · England · Age 37

44, Team Valley Business Centre, Gateshead, NE11 0QH

Notified 31/08/2022

CompanyRankvs 3095+ SIC 31090 peers
49

Financial strength62th percentile among SIC peers · 16/25
Employees55th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.53× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength16/25 pts

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

Employees8/15 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.

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

£9k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£14k

Working capital

Current Assets

£16k

Current Liabilities

£30k

Fixed Assets

£35k

2avg. employees

Balance Sheet

Assets less current liabilities£21k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20240.53+£451
20230.42—

Derived from filed accounts. Not audited figures.