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Formuone Limited

14423674

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

G/ F, SOUTHPORT, PR8 1RE
Incorporated 17/10/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants
56301
Licensed clubs
56302
Public houses and bars
64999
Other financial service activities

Officers

Mr Eric Chiong

director · Since 31/01/2024

COMPANY DIRECTOR

BRITISH · SCOTLAND · Age 63

Also on 11 other boards

Persons with Significant Control

Mr Eric Chiong

75–100% shares

British · Scotland · Age 63

G/ F, 8 Coronation Walk, Southport, PR8 1RE

Notified 16/10/2023

Former PSCs

Mr Kwok Hung Liu

Ceased 01/02/2024

CompanyRankvs 25235+ SIC 56101 peers
39

Financial strength40th percentile among SIC peers · 10/25
Employees24th percentile among SIC peers · 4/15
LiquidityCurrent ratio 0.86× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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25235Formuone Limited
34
How is this score calculated?
Financial strength10/25 pts

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

Employees4/15 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 31/10/2024

Net Worth

£100

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£3k

Working capital

Current Assets

£18k

Current Liabilities

£21k

Debtors

£16k

Profit After Tax

£0

1avg. employees
Prepared with CCH Software

EstimatesDerived

YearCurrent Ratio
20240.86

Derived from filed accounts. Not audited figures.