Formidability
Registered name: FORMIDABILITY
Formidability made £30k revenue and a £3.3k loss in the year to 31 Mar 2025.
Formidability’s revenue fell 83% to £30k in the year to 31 Mar 2025, with a loss of £3.3k and 1 employee. The company is classified under “performing arts” and is based in Birmingham; we hold 4 years of its filed accounts.
- Status
- Active
- Location
- Birmingham, West Midlands
- Age
- 7 yrs · since 2019
- Type
- PRI/LBG/NSC (Private, Limited by guarantee, no share capital, use of 'Limited' exemption)
Non-profit. It is limited by guarantee (typically an association, club or management company), so it isn't run for profit. It is excluded from our opportunity lists.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 Mar 2022 | 31 Mar 2023 | 31 Mar 2024 | 31 Mar 2025 |
|---|---|---|---|---|
| Disclosure | No P&L | No P&L | Full P&L | Full P&L |
| Profit & loss | ||||
| Revenue (turnover) | — | — | £173k | £30k |
| Cost of sales | — | — | £104k | £675 |
| Gross profit | — | — | £68.7k | £29.3k |
| Operating profit | — | — | £11k | −£3.3k |
| Profit after tax | — | — | £10.9k | −£3.3k |
| Profit (best available) | — | — | £10.9k | −£3.3k |
| Employees (average) | 0 | 1 | 1 | 1 |
| Ratios | ||||
| Profit margin | — | — | 6.3% | −10.9% |
| Gross margin | — | — | 39.8% | 97.8% |
| Revenue per employee | — | — | £173k | £30k |
| Profit per employee | — | — | £10.9k | −£3.3k |
| Growth (year on year) | ||||
| Revenue growth | — | — | — | ▼82.6% |
| Profit growth | — | — | — | ▼129.8% |
| Headcount growth | — | — | 0% | 0% |
| Balance sheet — indirect signals, not revenue | ||||
| Cash at bank | £68 | £649 | £6k | £9.9k |
| Net assets | −£1.2k | £2.1k | £13k | £9.8k |
| Fixed assets | £0 | £4.2k | £2.5k | £0 |
| Current assets | — | — | £32.9k | £9.9k |
| Debtors | — | — | £10.8k | £0 |
| Source | FilletedAccounts · bulk data Dec 2023 | FilletedAccounts · bulk data Dec 2023 | FullAccounts · bulk data Dec 2025 | FullAccounts · bulk data Dec 2025 |
How the business works
- Profit margin
- −10.9%
- Profit ÷ revenue.
- Gross margin
- 97.8%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £30k
- Revenue ÷ average employees.
- Profit per employee
- −£3.3k
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 0%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 0%
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- ▼25%
- Now £9.8k
- Cash at bank
- ▲63%
- Now £9.9k
- Headcount
- 0%
- Now 1
- Deferred income
- —
- Now —
- Fixed assets
- ▼100%
- Now £0
Sources
Latest figures from FullAccounts for the year to 31 Mar 2025 (profit −£3.3k), from the Companies House accounts bulk data published Dec 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.