Company Overview
Formet Precision Sheet Metal Work Limited is a Dissolved Private Limited Company.
Registered Address

1580 Parkway, Solent Business Park Whiteley, Fareham, Hampshire, PO15 7AG
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Companies House Data
Company NameFORMET PRECISION SHEET METAL WORK LIMITED
Company Number01549698
Registered Office Address1580 Parkway
 Solent Business Park Whiteley
 PO15 7AG
Company CategoryPrivate Limited Company
Company StatusDissolved
Country of OriginUnited Kingdom
Incorporation Date10/03/1981
Accounting Reference Date Day31
Accounting Reference Date Month5
Accounts Next Due Date28/02/2018
Accounts Last Made Up Date31/05/2016
Accounts Account CategoryTOTAL EXEMPTION SMALL
Returns Next Due Date28/02/2017
Returns Last Made Up Date31/01/2016
Directors & Members
Show Resigned
Colin Fitzpatrick - Director
(British, 54 years old, born August 1972)
Appointed 30 April 2010
 Active
Secretaries
Show Resigned
Other Company Directorships
Colin Fitzpatrick
No companies found
Balance Sheet Unlock full report
Accounts Date 31-May-2016 31-May-2015 31-May-2014
Balance Sheet
Fixed Assets 56,557 75,839 62,362
Current Assets 439,665 496,357 483,188
Creditors Due Within One Year 336,348 324,748 251,931
Working Cap 103,317 171,609 231,257
Total Assets Less Current Liabilities 159,874 247,448 293,619
Long-term Liabilities 20,066 41,748 10,344
Net Assets 139,808 205,700 283,275
Share Capital & Reserves
Share Cap 250 250 250
Profit & Loss Reserves 139,558 205,450 283,025
Other Reserves 0 0 0
Shareholders Funds 139,808 205,700 283,275
Common Size Financial Analysis Unlock full report
Accounts Date 31-May-2016 31-May-2015 31-May-2014
Tangible Fixed Assets 11.4% 13.3% 11.4%
Fixed Assets 11.4% 13.3% 11.4%
Stocks Inventory 1.8% 1.6% 1.7%
Debtors 86.0% 84.5% 86.9%
Cash Bank In Hand 0.8% 0.7% 0.0%
Current Assets 88.6% 86.7% 88.6%
Creditors Due Within One Year 67.8% 56.8% 46.2%
Net Current Assets Liabilities 20.8% 30.0% 42.4%
Creditors Due After One Year 2.0% 4.9% 1.9%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - 2.4% 1.9%
Net Assets Liabilities Including Pension Asset Liability - 35.9% 51.9%
Called Up Share Capital 0.1% 0.0% 0.0%
Share Capital Allotted Called Up Paid 0.0% 0.0% 0.0%
Profit Loss Account Reserve 28.1% 35.9% 51.9%
Shareholder Funds 28.2% 35.9% 51.9%
Capital Employed - - -
Total Assets Less Current Liabilities 32.2% 43.2% 53.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-May-2016 31-May-2015 31-May-2014
Liquidity Ratio 1.3 1.5 1.9
Solvency Ratio 1.4 1.6 2.1
Reserves to Assets 0.3 0.4 0.5
Secured Creditors Unlock full report
Mortgages Charges 4
Mortgages Outstanding 2
Mortgages Part Satisfied 0
Mortgages Satisfied 2
Assets and Debt Analysis Unlock full report
Accounts Date 31-May-2016 31-May-2015 31-May-2014
Assets 496,222 572,196 545,550
Debt 356,414 366,496 262,275
Net Assets/Debt 139,808 205,700 283,275
Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due		 Paid After
30 days due		 Owing Before
30 days due		 Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.
Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
Other Business around PO15 7AG
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94 Park Lane, Croydon, Surrey, PO15 7AG
THE GRANGE (WESTHAMPNETT) MANAGEMENT LIMITED
2 PARK FARM, CHICHESTER ROAD, ARUNDEL, WEST SUSSEX, PO15 7AG
Document Filings
Final Gazette dissolved following liquidation
Return of final meeting in a creditors' voluntary winding up
Liquidators' statement of receipts and payments to 14 December 2018
Registered office address changed from Eagle Point Little Park Farm Road Segensworth Fareham Hampshire PO15 5TD to 1580 Parkway Solent Business Park Whiteley Fareham Hampshire PO15 7AG on 14 August 2018
Notice to Registrar of Companies of Notice of disclaimer
Voluntary arrangement supervisor's abstract of receipts and payments to 30 January 2018
Notice of completion of voluntary arrangement
Registered office address changed from Harley Works Paxton Hill St Neots Huntingdon Cambridgeshire PE19 6TA to Eagle Point Little Park Farm Road Segensworth Fareham Hampshire PO15 5TD on 12 January 2018
Appointment of a voluntary liquidator
Statement of affairs
Resolutions
Notification of Formet (Holdings) Limited as a person with significant control on 6 April 2016
Confirmation statement made on 31 January 2017 with updates
Voluntary arrangement supervisor's abstract of receipts and payments to 12 June 2017
All of the property or undertaking has been released from charge 3
Notice to Registrar of companies voluntary arrangement taking effect
Annual return made up to 31 January 2016 with full list of shareholders
Annual return made up to 31 January 2015 with full list of shareholders
Annual return made up to 31 January 2014 with full list of shareholders
Annual return made up to 31 January 2013 with full list of shareholders
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