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Formidable Foods Ltd

14543940

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

TREVIOT HOUSE, ILFORD, IG1 1LR
Incorporated 15/12/2022

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46390
Non-specialised wholesale of food, beverages and tobacco
47110
Retail sale in non-specialised stores with food, beverages or tobacco predominating
47910
Retail sale via mail order houses or via Internet

Officers

Luka Sincek

director · Since 15/12/2022

DIRECTOR

SLOVENIAN · SLOVENIA · Age 29

Mr Anthony Neill Sullivan

director · Since 15/12/2022

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 42

Also on 2 other boards

Tilen Travnik

director · Since 15/12/2022

DIRECTOR

SLOVENIAN · SLOVENIA · Age 45

Persons with Significant Control

Mr Anthony Neill Sullivan

Significant control

British · United Kingdom · Age 42

2, Leman Street, London, E1W 9US

Notified 15/12/2022

CompanyRankvs 2888+ SIC 46390 peers
36

Financial strength1th percentile among SIC peers · 0/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.67× · 6/20
Longevity4 years trading (max 15) · 4/15
Filing complianceAll filings up to date · 15/15
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2888Formidable Foods Ltd
31
How is this score calculated?
Financial strength0/25 pts

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

Employees11/15 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 31/12/2024

Net Worth

-£291k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£291k

Working capital

Current Assets

£587k

Current Liabilities

£878k

3avg. employees

Balance Sheet

Assets less current liabilities-£291k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.67-£160k
20230.71—

Derived from filed accounts. Not audited figures.