Bay Freight Limited
01506710
Some Concerns
- No accounts filed in last 18 months (-5)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
- 4 outstanding charges (-8)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 15/12/2025
Due 29/12/2026
Industry
Officers
director · Since 21/12/2024
DIRECTOR
BRITISH · ENGLAND · Age 52
Also on 32 other boards
director · Since 07/04/2025
DIRECTOR
BRITISH · ENGLAND · Age 58
Also on 31 other boards
Persons with Significant Control
Kinaxia Transport & Warehousing Limited
C/O William Kirk, Adlington Business Park, Macclesfield, SK10 4NL
Notified 06/04/2016
Charges4 outstanding
APEX GROUP HOLD CO (UK) LIMITED
SANNE GROUP (UK) LIMITED
SANNE FIDUCIARY SERVICES LIMITED FOR ITSELF AND AS SECURITY AGENT.
SANNE FIDUCIARY SERVICES LIMITED (AS SECURITY AGENT)
SANNE FIDUCIARY SERVICES LIMIED (AS SECURITY AGENT)
HSBC INVOICE FINANCE (UK) LTD
HSBC INVOICE FINANCE (UK) LTD
SANNE FIDUCIARY SERVICES LIMITED
SANNE FIDUCIARY SERVICES LIMITED AS THE SECURITY AGENT
CompanyRankvs 1282+ SIC 49410 peers62
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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
Going concern doubt: -10 pts
Outstanding charges: -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 31/12/2024
Turnover
£8.6M
Annual revenue
Net Worth
£1.4M
Balance sheet strength
Cash
£56k
Cash in the bank
Profit Before Tax
-£203k
Bottom line earnings
Net Current Assets
£1.0M
Working capital
Current Assets
£3.6M
Current Liabilities
£2.5M
Fixed Assets
£396k
Debtors
£3.4M
Cost of Sales
£7.3M
Gross Profit
£1.3M
Admin Expenses
£1.4M
Operating Profit
-£142k
Profit After Tax
-£201k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.40 | -£201k |
| 2023 | 1.44 | — |
Derived from filed accounts. Not audited figures.