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Barnes Marine Units Limited

01321482

active
Private Limited Company
england wales
Companies House
Health Score
90 / 100

Healthy

30/30
Filing
20/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

RIVERSIDE ROAD, NORWICH, NR12 8UD
Incorporated 14/07/1977

Compliance

Last accounts

28/02/2025

full

Next accounts due

30/11/2026

On track

Confirmation statement

Last: 25/03/2026

Due 08/04/2027

On track

Industry

30110
Building of ships and floating structures
33150
Repair and maintenance of ships and boats
55209
Other holiday and short-stay accommodation
77341
77341

Officers

Mr Daniel Brian Thwaites

director · Since 22/02/1991

FINANCIAL DIRECTOR

BRITISH · ENGLAND · Age 58

Also on 5 other boards

Mr Matthew Douglas Thwaites

director · Since 22/02/1991

DIRECTOR PRODUCTION

BRITISH · ENGLAND · Age 57

Also on 2 other boards

Mr Daniel Brian Thwaites

secretary · Since 30/11/2000

FINANCIAL DIRECTOR

BRITISH · UNITED KINGDOM · Age 58

Also on 5 other boards

Persons with Significant Control

Mr Daniel Brian Thwaites

25–50% shares
25–50% votes

British · England · Age 58

Riverside Road, Norwich, NR12 8UD

Notified 26/01/2023

Mr Matthew Douglas Thwaites

25–50% shares
25–50% votes

British · England · Age 57

Riverside Road, Norwich, NR12 8UD

Notified 26/01/2023

Former PSCs

Mrs Jill Thwaites-Tallowin

Ceased 26/01/2023

Charges0 outstanding

Charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 12/08/2013Registered 20/08/2013Satisfied 27/09/2022
charge
satisfied

HOLIDAY COTTAGES GROUP LIMITED

Created 10/03/2009Registered 21/03/2009Satisfied 28/04/2011
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 16/05/2008Registered 17/05/2008Satisfied 27/09/2022
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 16/05/2008Registered 17/05/2008Satisfied 27/09/2022
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 23/02/2006Registered 24/02/2006Satisfied 27/09/2022
charge
satisfied

NATIONAL WESTMINSTER BANK PLC

Created 24/10/2005Registered 26/10/2005Satisfied 27/09/2022
charge
satisfied

ROYSCOT TRUST PLC

Created 24/06/1997Registered 28/06/1997Satisfied 28/04/2011
charge
satisfied

ROYSCOT TRUST PLC

Created 15/12/1994Registered 24/12/1994Satisfied 28/04/2011
charge
satisfied

BARCLAYS BANK PLC

Created 03/11/1994Registered 15/11/1994Satisfied 03/03/2006
charge
satisfied

MRS JILL THWAITES

Created 25/11/1992Registered 02/12/1992Satisfied 03/03/2006
charge
satisfied

PENNANT GROUP PLC

Created 18/05/1988Registered 27/05/1988Satisfied 24/10/1990
charge
satisfied

PENNANT GROUP PLC

Created 18/05/1988Registered 27/05/1988Satisfied 24/10/1990
charge
satisfied

BARCLAYS BANK PLC

Created 18/05/1988Registered 25/05/1988Satisfied 03/03/2006
charge
satisfied

BARCLAYS BANK PLC

Created 18/05/1988Registered 25/05/1988Satisfied 13/09/2006
charge
satisfied

BARCLAYS BANK PLC

Created 10/12/1981Registered 17/12/1981Satisfied 03/03/2006
charge
satisfied

BARCLAYS BANK PLC

Created 20/12/1978Registered 29/12/1978Satisfied 03/03/2006

CompanyRankvs 15+ SIC 30110 peers
80

Financial strength99th percentile among SIC peers · 25/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 2.57× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
Show leaderboard
1Holyhead Marine Services Limited
90
2Barnes Marine Units Limited
90
3Manor Marine Uk Limited
89
4C. Toms And Son Limited
88
5Clements Engineering (St. Neots) Limited
88
6Alicat Workboats Limited
88
7Aluminium Marine Consultants Limited
87
8The Hoveraid Trust
86
9Marine Holdings (Sharpness) Ltd
85
10A.P.T. Marine Engineering Limited
85
How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to going co

Key FinancialsYear ending 28/02/2025

Turnover

£5.7M

Annual revenue

Net Worth

£9.8M

Balance sheet strength

Cash

£3.9M

Cash in the bank

Profit Before Tax

£820k

Bottom line earnings

Net Current Assets

£3.0M

Working capital

Current Assets

£4.9M

Current Liabilities

£1.9M

Fixed Assets

£7.8M

Debtors

£102k

Cost of Sales

£3.9M

Gross Profit

£1.8M

Admin Expenses

£1.1M

Operating Profit

£701k

Profit After Tax

£542k

51avg. employees+2

Tax at Year End

Corp tax£189k
Dividends paid-£205k

People Costs

Wages & salaries£984k
NI contributions£93k

Balance Sheet

Intangible assets£97k
Assets less current liabilities£10.8M
Prepared with Caseware UK (AP4) 2024.0.164

EstimatesDerived

YearCurrent RatioImplied Profit
20252.57+£315k
20242.64+£431k
20232.21+£937k
20221.37+£1.4M
20211.32—

Derived from filed accounts. Not audited figures.