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Formal Construction Ltd

15461800

active
Private Limited Company
england wales
Companies House
Health Score
80 / 100

Healthy

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

Details

100 KEEL DRIVE, SLOUGH, SL1 2SU
Incorporated 02/02/2024

Compliance

Last accounts

28/02/2025

micro entity

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 23/05/2025

Due 06/06/2026

On track

Industry

41202
Construction of domestic buildings

Officers

Mr Pradeep Kumar Gangidi

director · Since 12/05/2025

COMPANY DIRECTOR

INDIAN · ENGLAND · Age 27

Also on 2 other boards

Persons with Significant Control

Mr Pradeep Kumar Gangidi

75–100% shares

Indian · England · Age 27

100, Keel Drive, Slough, SL1 2SU

Notified 12/05/2025

Former PSCs

Mr Imrna Asalm

Ceased 12/05/2025

CompanyRankvs 47796+ SIC 41202 peers
42

Financial strength39th percentile among SIC peers · 10/25
Employees62th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.8× · 6/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
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47796Formal Construction Ltd
38
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.

Employees9/15 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.

Longevity2/15 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 28/02/2025

Net Worth

£133

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£16k

Working capital

Current Assets

£63k

Current Liabilities

£79k

Fixed Assets

£16k

2avg. employees

Balance Sheet

Assets less current liabilities£133
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20250.80

Derived from filed accounts. Not audited figures.