Company Overview
Formedix Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Friday 07 July 1995, so this is a well established company. Formedix Limited has been in business for 30 years and 8 months. The accounts status is small and the accounts are next due on Wednesday 31 December 2025.
Registered Address

The Connect Building, 59 Bath Street, Glasgow, G2 2DH
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Companies House Data
Company NameFORMEDIX LIMITED
Company NumberSC159080
Registered Office AddressThe Connect Building
 59 Bath Street
 G2 2DH
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date07/07/1995
Accounting Reference Date Day31
Accounting Reference Date Month12
Accounts Next Due Date30/09/2026
Accounts Last Made Up Date31/12/2024
Accounts Account CategorySMALL
Returns Next Due Date04/08/2016
Returns Last Made Up Date07/07/2015
Directors & Members
Show Resigned
Daniel Corcoran - Director
(American, 60 years old, born December 1966)
Appointed 28 June 2024
 Active
Richard Wilson - Director
(British, 55 years old, born February 1971)
Appointed 10 October 2023
 Active
Secretaries
Show Resigned
Daniel Corcoran - Secretary
Appointed 28 June 2024
 Active
Other Company Directorships
Daniel Corcoran
CERTARA UK HOLDINGS LIMITED
CERTARA UK LIMITED
CHEMAXON LIMITED
INSIGHT MEDICAL WRITING LIMITED
LA-SER EUROPE LIMITED
SYNCHROGENIX EUROPE LIMITED
Richard Wilson
ANSER EUROPE LIMITED
CERTARA UK HOLDINGS LIMITED
CERTARA UK LIMITED
CHEMAXON LIMITED
INSIGHT MEDICAL WRITING LIMITED
LA-SER EUROPE LIMITED
LINCOLN ANGLICAN ACADEMY TRUST
SYNCHROGENIX EUROPE LIMITED
XENOLOGIQ LTD
Balance Sheet Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2020 31-Dec-2019
Balance Sheet
Fixed Assets 762,774 762,774 762,161
Current Assets 2,641,008 2,641,008 2,343,458
Creditors Due Within One Year 879,064 879,064 1,341,710
Working Cap 1,761,944 1,761,944 1,001,748
Total Assets Less Current Liabilities 2,524,718 2,524,718 1,763,909
Long-term Liabilities 0 0 0
Net Assets 2,524,718 2,524,718 1,763,909
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 2,524,718 2,524,718 1,763,909
Common Size Financial Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2020 31-Dec-2019
Tangible Fixed Assets - - -
Fixed Assets 22.4% 22.4% 24.5%
Stocks Inventory - - -
Debtors 10.6% 10.6% 32.3%
Cash Bank In Hand 67.0% 67.0% 43.1%
Current Assets 77.6% 77.6% 75.5%
Creditors Due Within One Year 25.8% 25.8% 43.2%
Net Current Assets Liabilities 51.8% 51.8% 32.3%
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 74.2% 74.2% 56.8%
Capital Employed - - -
Total Assets Less Current Liabilities 74.2% 74.2% 56.8%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2020 31-Dec-2019
Liquidity Ratio 3.0 3.0 1.7
Solvency Ratio 3.9 3.9 2.3
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 4
Mortgages Outstanding 1
Mortgages Part Satisfied 0
Mortgages Satisfied 3
Assets and Debt Analysis Unlock full report
Accounts Date 31-Dec-2024 31-Dec-2020 31-Dec-2019
Assets 3,403,782 3,403,782 3,105,619
Debt 879,064 879,064 1,341,710
Net Assets/Debt 2,524,718 2,524,718 1,763,909

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
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Document Filings
Confirmation statement made on 7 July 2025 with no updates
Director's details changed for Mr Richard James Wilson on 15 July 2024
Confirmation statement made on 7 July 2024 with updates
Appointment of Mr Daniel Desmond Corcoran as a secretary on 28 June 2024
Appointment of Mr Daniel Desmond Corcoran as a director on 28 June 2024
Termination of appointment of Richard Michael Traynor as a director on 31 May 2024
Notification of Certara Uk Limited as a person with significant control on 15 November 2023
Cessation of Mark Lee Wheeldon as a person with significant control on 15 November 2023
Change of share class name or designation
Memorandum and Articles of Association
Resolutions
Termination of appointment of Eggert Claessen as a director on 10 October 2023
Appointment of Mr Richard Michael Traynor as a director on 10 October 2023
Appointment of Mr Richard James Wilson as a director on 10 October 2023
Termination of appointment of Mbm Secretarial Services Limited as a secretary on 10 October 2023
Termination of appointment of Darren Bill as a director on 10 October 2023
Termination of appointment of Carl Wheeldon as a director on 10 October 2023
Termination of appointment of Mark Lee Wheeldon as a director on 10 October 2023
Second filing of a statement of capital following an allotment of shares on 10 October 2023
Statement of capital following an allotment of shares on 9 October 2023
Memorandum and Articles of Association
Resolutions
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