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Formula Holidays Ltd

15556060

active
Private Limited Company
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk

No risk factors detected.

Details

75 RICHMOND ROAD, LONDON, E7 0PA
Incorporated 12/03/2024

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

79110
Travel agency activities

Officers

Mr Siyanda Micheal Khanye

director · Since 12/03/2024

MANAGING DIRECTOR

BRITISH · ENGLAND · Age 28

Also on 2 other boards

Persons with Significant Control

Mr Siyanda Micheal Khanye

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

British · England · Age 28

75, Richmond Road, London, E7 0PA

Notified 12/03/2024

CompanyRankvs 4339+ SIC 79110 peers
70

Financial strength88th percentile among SIC peers · 22/25
Employees72th percentile among SIC peers · 11/15
LiquidityCurrent ratio Infinity× · 20/20
Longevity2 years trading (max 15) · 2/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength22/25 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.

Liquidity20/20 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 31/03/2025

Net Worth

£66k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

£61k

Working capital

Current Assets

£5k

Current Liabilities

£0

Fixed Assets

£5k

2avg. employees

Balance Sheet

Assets less current liabilities£66k
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
2025Infinity

Derived from filed accounts. Not audited figures.