# FORMAC PROPERTIES LIMITED (SC042470)

> FORMAC PROPERTIES LIMITED is an active private limited company (company number SC042470) incorporated on 5 August 1965, registered in Inverness. Its registered activity is buying and selling of own real estate (SIC 68100). Latest micro accounts cover the period ending 31 March 2025, showing net assets of −£111k, with 0 employees on average. As micro-entity accounts, no profit and loss account is filed, so turnover and profit are not public. Net assets fell 44% on the prior period (−£77k).

- Status: Active
- Incorporated: 1965-08-05
- Registered office: Inverness, IV5 7PE
- SIC 68100: Buying and selling of own real estate
- Next accounts due: 2026-12-31
- Confirmation statement due: 2027-08-19
- Accounts type: MICRO ENTITY

By net assets it sits in the bottom quarter of 18,162 comparable companies in Other (median £1, upper quartile £10k).

## Accounts (as filed)

| Period end | Net assets | Cash | Debtors | Creditors <1y | Turnover | Profit | Employees |
|---|---|---|---|---|---|---|---|
| 2025-03-31 | −£111k | — | — | £282k | — | — | 0 |
| 2024-03-31 | −£77k | — | — | £246k | — | — | 0 |

current ratio 0.02; size band micro.

## Filing and accounts signals (facts, not a rating)

- Net assets below zero: Net assets £-111,063 at 31 March 2025
- Net assets down 25% or more on the prior period: -43.6% vs prior period
- Current assets below creditors within one year: Current ratio 0.02
- Incorporated five or more years ago: Incorporated 5 August 1965

How each signal is derived: https://firmoscan.com/methodology

## Persons with significant control

- Mr Colin John Macmillan — owns 25–50% of shares; holds 25–50% of voting rights, since 2016-04-06
- Mr Jonathan Scott Macmillan — owns 25–50% of shares; holds 25–50% of voting rights, since 2016-04-06
- Mr Michael Lee Macmillan — owns 25–50% of shares; holds 25–50% of voting rights, since 2016-04-06

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Source: Companies House register snapshot 2026-08-31, Open Government Licence v3.0. Information may have changed since that date and is not advice or a credit reference; check the official record before relying on it. Official record: https://find-and-update.company-information.service.gov.uk/company/SC042470
HTML: https://firmoscan.com/company/SC042470-formac-properties-limited