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Formula Alloys Limited

15535810

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

5 WOODSTOCK CLOSE, NORTHALLERTON, DL6 2NB
Incorporated 02/03/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

33190
Repair of other equipment

Officers

Mr Ross Mitchell Bell

director · Since 02/03/2024

FACTORY WORKER

BRITISH · ENGLAND · Age 46

Also on 3 other boards

Mr James Roger Vanner

director · Since 02/03/2024

FACTORY WORKER

BRITISH · ENGLAND · Age 35

Persons with Significant Control

Mr James Roger Vanner

50–75% shares
50–75% votes
Appoint directors

British · England · Age 35

5, Woodstock Close, Northallerton, DL6 2NB

Notified 02/03/2024

Mr Ross Mitchell Bell

25–50% shares
25–50% votes
Appoint directors

British · England · Age 46

15, Neile Close, Northallerton, DL7 8NN

Notified 02/03/2024

CompanyRankvs 5418+ SIC 33190 peers
25

Financial strength6th percentile among SIC peers · 2/25
Employees22th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.21× · 2/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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5418Formula Alloys Limited
24
How is this score calculated?
Financial strength2/25 pts

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

Employees3/15 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.

Longevity3/15 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 31/03/2025

Net Worth

-£19k

Balance sheet strength

Cash

£9k

Cash in the bank

Net Current Assets

-£46k

Working capital

Current Assets

£12k

Current Liabilities

£58k

Fixed Assets

£26k

Debtors

£3k

1avg. employees

Balance Sheet

Assets less current liabilities-£19k
Signed by Mr James Vanner 26/11/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20250.21

Derived from filed accounts. Not audited figures.