Company Overview
Formit Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 14 October 1998, so this is a well established company. Formit Limited has been in business for 27 years and 6 months. The accounts status is total exemption full and the accounts are next due on Friday 30 April 2027.
Registered Address

Unit 3 City Estate, Corngreaves Road, Cradley Heath, West Midlands, B64 7EP
Credit Reports Available

These credit rating reports are available now:


Credit Analysts Report
Get Report >>

Standard Credit Report
Get Report >>

Basic Credit Report
Get Report >>

24/7 credit rating data feed - no UK company credit reports are updated faster

Companies House Data
Company NameFORMIT LIMITED
Company Number03649145
Registered Office AddressUnit 3 City Estate
 Corngreaves Road
 B64 7EP
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date14/10/1998
Accounting Reference Date Day31
Accounting Reference Date Month7
Accounts Next Due Date30/04/2027
Accounts Last Made Up Date31/07/2025
Accounts Account CategoryTOTAL EXEMPTION FULL
Returns Next Due Date11/11/2016
Returns Last Made Up Date14/10/2015
Directors & Members
Show Resigned
Robert Lee - Director
(British, 49 years old, born February 1977)
Appointed 17 March 2004
 Active
James Potts - Director
(British, 49 years old, born April 1977)
Appointed 17 March 2004
 Active
Matthew Worton - Director
(British, 58 years old, born October 1968)
Appointed 17 March 2004
 Active
Secretaries
Show Resigned
Matthew Worton - Secretary
(British)
Appointed 12 February 2004
 Active
Other Company Directorships
Robert Lee
JMR HOLDINGS LIMITED
METAL FORMING MACHINERY MAKERS ASSOCIATION LIMITED
James Potts
JMR HOLDINGS LIMITED
METAL FORMING MACHINERY MAKERS ASSOCIATION LIMITED
Matthew Worton
JMR HOLDINGS LIMITED
Balance Sheet Unlock full report
Accounts Date 31-Jul-2025 31-Jul-2023 31-Jul-2022
Balance Sheet
Fixed Assets 127,971 127,971 32,410
Current Assets 1,710,418 1,710,418 1,270,624
Creditors Due Within One Year 1,013,061 1,013,061 670,580
Working Cap 697,357 697,357 600,044
Total Assets Less Current Liabilities 825,328 825,328 632,454
Long-term Liabilities 26,887 26,887 5,935
Net Assets 798,441 798,441 626,519
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 798,441 798,441 626,519
Common Size Financial Analysis Unlock full report
Accounts Date 31-Jul-2025 31-Jul-2023 31-Jul-2022
Tangible Fixed Assets - - -
Fixed Assets 7.0% 7.0% 2.5%
Stocks Inventory - - -
Debtors 4.7% 4.7% 9.6%
Cash Bank In Hand 88.3% 88.3% 87.9%
Current Assets 93.0% 93.0% 97.5%
Creditors Due Within One Year 55.1% 55.1% 51.5%
Net Current Assets Liabilities 37.9% 37.9% 46.0%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 43.4% 43.4% 48.1%
Capital Employed - - -
Total Assets Less Current Liabilities 44.9% 44.9% 48.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Jul-2025 31-Jul-2023 31-Jul-2022
Liquidity Ratio 1.7 1.7 1.9
Solvency Ratio 1.8 1.8 1.9
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Jul-2025 31-Jul-2023 31-Jul-2022
Assets 1,838,389 1,838,389 1,303,034
Debt 1,039,948 1,039,948 676,515
Net Assets/Debt 798,441 798,441 626,519

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The company balance sheet displays a comfortable surplus of working capital. We would normally view this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. For the size of the company inferred by the balance sheet the level of net assets suggests a comfortable level of cover for total debts and obligations.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

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 B64 7EP
M. BILLINGHAM & CO. LIMITED
CITY ESTATE, CORNGREAVES ROAD, CRADLEY HEATH, WEST MIDLANDS, B64 7EP
TOTAL SHOP-FIT COMPANY LIMITED
79 Caroline Street, Birmingham, B64 7EP
OCEANLIGHT LIMITED
UNIT 2 CITY ESTATE, CORNGREAVES ROAD, CRADLEY HEATH, WEST MIDLANDS, B64 7EP
TOTAL PLASTICS SUPPLY LTD
Unit 1 City Estate, Corngreaves Road, Cradley Heath, West Midlands, B64 7EP
TSF MIDLANDS LIMITED
79 Caroline Street, Birmingham, B64 7EP
APEX CONSERVATORY ROOFING COMPANY LTD
UNIT 5 CHARLTON DRIVE, CORNGREAVES TRADING ESTATE, CRADLEY HEATH, WEST MIDLANDS, B64 7EP
BILLINGHAM SALES LIMITED
CITY ESTATE, CORNGREAVES ROAD, CRADLEY HEATH, WEST MIDLANDS, B64 7EP
TPS DISTRIBUTION LIMITED
Unit 1, City Estate,, Corngreaves Road, Cradley Heath, B64 7EP
Document Filings
Confirmation statement made on 10 October 2025 with no updates
Director's details changed for Mr Matthew John Worton on 15 October 2025
Director's details changed for Mr Robert James Lee on 15 October 2025
Change of details for Jmr Holdings Limited as a person with significant control on 16 August 2018
Notification of Jmr Holdings Limited as a person with significant control on 16 August 2018
Cessation of Matthew John Worton as a person with significant control on 16 August 2018
Cessation of James Charles Potts as a person with significant control on 16 August 2018
Cessation of Robert James Lee as a person with significant control on 16 August 2018
Confirmation statement made on 10 October 2024 with no updates
Confirmation statement made on 10 October 2023 with no updates
Confirmation statement made on 10 October 2022 with no updates
Confirmation statement made on 10 October 2021 with no updates
Confirmation statement made on 10 October 2020 with no updates
Registered office address changed from , Unit 6 Morgan House, Folkes Road, Lye Nr Stourbridge, West Midlands, DY9 8RG to Unit 3 City Estate Corngreaves Road Cradley Heath West Midlands B64 7EP on 31 January 2020
Confirmation statement made on 10 October 2019 with no updates
Director's details changed for Mr James Charles Potts on 18 October 2018
Change of details for Mr James Charles Potts as a person with significant control on 18 August 2018
Terms and Conditions Cancellations Contact Us

In using this service you agree to the Terms and Conditions

© 2026 Check Free