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Formula A Ltd

14513057

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

ST GEORGES HOUSE, LONDON, W1S 1HS
Incorporated 29/11/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mr James Elwen

director · Since 29/11/2022

LAWYER

BRITISH · UNITED KINGDOM · Age 52

Also on 2 other boards

Mr Simone Chiarella

director · Since 03/11/2024

COMPANY DIRECTOR

ITALIAN · ARGENTINA · Age 57

Persons with Significant Control

Mr Simone Chiarella

75–100% shares
75–100% votes
Appoint directors

Italian · Italy · Age 57

96d, Wandsworth Bridge Road, London, SW6 2TF

Notified 01/12/2024

Former PSCs

Rba Corporate Services Ltd

Ceased 01/12/2024

CompanyRankvs 136118+ SIC 82990 peers
35

Financial strength46th percentile among SIC peers · 12/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.33× · 2/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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136118Formula A Ltd
34
How is this score calculated?
Financial strength12/25 pts

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

Employees2/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity2/20 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 30/11/2024

Net Worth

£421

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£421

Working capital

Current Assets

£205

Current Liabilities

£626

0avg. employees

Balance Sheet

Assets less current liabilities£421
Prepared with Acting Office - Tax and Accounts

EstimatesDerived

YearCurrent Ratio
20240.33

Derived from filed accounts. Not audited figures.