Island Cruising Club Limited
00542504
Some Concerns
- Current liabilities exceed current assets (-10)
- Active insolvency proceedings (-20)
Details
Compliance
Last accounts
31/10/2025
micro entity
Next accounts due
31/07/2027
Confirmation statement
Last: 02/11/2025
Due 16/11/2026
Industry
Officers
Former
director · Resigned 30/06/2020
director · Resigned 17/03/2022
director · Resigned 03/11/2025
Insolvency History1 case
Jeremiah Anthony O'Sullivan (practitioner)
Change History
Active
PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)
C/O MORGAN ACCOUNTANTS LTD UNIT 2, DUKE ST COURT
KINGSBRIDGE
CompanyRankvs 3741+ SIC 93120 peers44
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.
Risk deductions
Insolvency history: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Key FinancialsYear ending 31/10/2025
Net Worth
£20k
Balance sheet strength
Cash
—
Cash in the bank
Net Current Assets
-£5k
Working capital
Current Assets
£11k
Current Liabilities
£19k
Fixed Assets
£26k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.59 | +£2k |
| 2024 | 0.23 | -£6k |
| 2023 | 0.29 | — |
Derived from filed accounts. Not audited figures.