FORMATION LIGHTING LTD Financials
- Company number
- 09361288CopyCopy
- Registered office
- Unit 1 Evercreech Way, Highbridge TA9 4AR
- Incorporated
- 18/12/2014
Company snapshot
- Status
- Active
- Employees
- 44 (2025)
- Latest financial data
- 2025
- Accounts type
- Total Exemption Full
Financial highlights
Latest reported figures. Okredo holds filed data for 2021–2025.
Net Assets
-6.99%vs 20242024: £1.14M
Total Assets
-23.37%vs 20242024: £5.44M
Cash in Bank
18.89%vs 20242024: £484.80K
Total Liabilities
-27.50%vs 20242024: £3.80M
Employees
+2vs 20242024: 42
In 2025, FORMATION LIGHTING LTD reported net assets of £1.06M. The same filing shows total assets of £4.17M, cash in bank of £576.40K and total liabilities of £2.75M. Reported headcount was 44 in 2025. Total Assets fell from £5.44M in 2024 to £4.17M in 2025 (-23.37%). Okredo holds filed figures for 2021–2025; the table below lists every reported indicator by year. See every reported indicator by year.
Financial performance
Pick a measure to see how it has moved across the reported years, with the year-on-year change beneath it.
Net Assets
-6.99%from £1.14M in 2024Year-on-year change
Net Assets as filed for 2021–2025. Every figure in this chart is also in the financial history table.
3-year financial trend (2023–2025)
How the figures FORMATION LIGHTING LTD filed moved across the three reported years 2023, 2024 and 2025 — measured end to end rather than year on year.
Net Assets
-39.2%vs 2023-22% a year compound (CAGR)
Cash in Bank
-23.6%vs 2023-12.6% a year compound (CAGR)
Total Assets
-19.4%vs 2023-10.2% a year compound (CAGR)
Total Liabilities
-8.8%vs 2023-4.5% a year compound (CAGR)
Employees
+22.2%vs 2023+8Biggest increase
Employees+22.2%
36 in 2023 to 44 in 2025
Biggest decrease
Net Assets-39.2%
£1.75M in 2023 to £1.06M in 2025
FORMATION LIGHTING LTD's filings pull in both directions between 2023 and 2025. The steepest rise came in employee numbers, pointing to an expanding team, set against a fall in net assets, pointing to a weakening balance sheet. See the full year-by-year figures.
Ratios from the filed figures
Calculated from FORMATION LIGHTING LTD's own reported amounts, each shown against the year it was derived from — nothing here is estimated or industry-averaged.
- Net assets to total assets
- 25.52%2025
- Reported net assets divided by reported total assets, for the latest year both were filed. Shows how much of the asset base is not financed by liabilities.
- Liabilities to total assets
- 66.09%2025
- Total liabilities divided by reported total assets, for the latest year both were available. Shows how much of the asset base is funded by obligations.
- Cash to liabilities
- 20.93%2025
- Reported cash in bank divided by total liabilities for the same year. Shows what share of outstanding obligations the reported cash balance would cover.
- Cash to total assets
- 13.83%2025
- Reported cash in bank divided by reported total assets, for the latest year both were filed.
Financial history
Every indicator Okredo tracks, year by year.
Reported financial indicators for FORMATION LIGHTING LTD by year. Amounts are as filed; a dash means the figure was not reported for that year.
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Net Assets£ | 621.78K | 1.28M | 1.75M | 1.14M | 1.06M |
| Total Assets£ | 4.67M | 5.15M | 5.17M | 5.44M | 4.17M |
| Cash in Bank£ | 608.49K | 574.38K | 754.85K | 484.80K | 576.40K |
| Total Liabilities£ | 3.79M | 3.67M | 3.02M | 3.80M | 2.75M |
| Employees | 12 | 26 | 36 | 42 | 44 |
FORMATION LIGHTING LTD financials: frequently asked questions
Answered from this company's own filed figures.
Yes. Okredo holds filed figures for FORMATION LIGHTING LTD covering 2021–2025, across 5 reported indicators. The most recent reported year is 2025.
FORMATION LIGHTING LTD reported net assets of £1.06M for 2025. That compares with £1.14M in 2024, a change of -6.99%.
FORMATION LIGHTING LTD reported total assets of £4.17M for 2025. That compares with £5.44M in 2024, a change of -23.37%.
FORMATION LIGHTING LTD reported cash in bank of £576.40K for 2025. That compares with £484.80K in 2024, a change of 18.89%.
FORMATION LIGHTING LTD reported 44 employees in 2025, compared with 42 in 2024.
Between 2023 and 2025, FORMATION LIGHTING LTD's net assets fell by 39.2%, cash in bank fell by 23.6%, total assets fell by 19.4% and total liabilities fell by 8.8%. Net assets contracted at 22% a year across the two years to 2025, from £1.75M to £1.06M. Reported headcount went from 36 in 2023 to 44 in 2025 (+8).
Okredo holds reported figures for the years 2021, 2022, 2023, 2024, 2025. Where an indicator was not reported for a given year, the financial history table shows a dash rather than a value.