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Model Power Boat Association

01409815

active
PRI/LTD BY GUAR/NSC (Private, limited by guarantee, no share capital)
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

1 BARTLOW GARDENS, ROMFORD, RM5 3UA
Incorporated 17/01/1979

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

93199
Other amusement and recreation activities

Officers

Mrs Linda Jean Buonaiuto

secretary · Since 27/11/2016

Mr Peter Barrow

director · Since 28/11/2021

DIRECTOR

BRITISH · UNITED KINGDOM · Age 68

Mr Andrew Hines

director · Since 27/11/2022

RETIRED

BRITISH · ENGLAND · Age 72

Ms Linda Jean Buonaiuto

director · Since 16/03/2023

DIRECTOR

BRITISH · ENGLAND · Age 69

Mr Dean Anthony Reynolds

director · Since 26/11/2023

CHAIRMAN

BRITISH · ENGLAND · Age 42

Mr Michael John Szebeko

director · Since 26/11/2023

VICE CHAIRMAN

BRITISH · UNITED KINGDOM · Age 78

CompanyRankvs 2185+ SIC 93199 peers
72

Financial strength65th percentile among SIC peers · 16/25
Employees42th percentile among SIC peers · 6/15
LiquidityCurrent ratio 29.06× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength16/25 pts

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

Employees6/15 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.

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

Key FinancialsYear ending 30/09/2024

Net Worth

£6k

Balance sheet strength

Cash

£22k

Cash in the bank

Net Current Assets

£25k

Working capital

Current Assets

£26k

Current Liabilities

£886

Fixed Assets

£236

Debtors

£3k

1avg. employees+1

Balance Sheet

Assets less current liabilities£25k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202429.06+£0
202331.29+£0
202233.07+£0
202137.52+£0
202042.41+£0
201944.07+£0
201853.38

Derived from filed accounts. Not audited figures.