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Ocean Speed Limited

02904030

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)

Details

TIMBERLY, AXMINSTER, EX13 5AD
Incorporated 02/03/1994

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

71129
Other engineering activities

Officers

Vincent Day

director · Since 02/03/1994

YACHT DESIGNER

BRITISH · UNITED KINGDOM · Age 70

Persons with Significant Control

Mr Vincent Day

75–100% shares
75–100% votes
Appoint directors

British · Singapore · Age 70

Flat 1, Newark House, Paisley, PA2 9BF

Notified 06/04/2016

CompanyRankvs 20950+ SIC 71129 peers
33

Financial strength3th percentile among SIC peers · 1/25
Employees10th percentile among SIC peers · 2/15
LiquidityNo balance sheet data · 0/20
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 strength1/25 pts

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

Employees2/15 pts

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

Liquidity0/20 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 31/03/2025

Net Worth

-£34k

Balance sheet strength

Cash

£357

Cash in the bank

Net Current Assets

Working capital

Current Assets

Current Liabilities

£34k

0avg. employees
Signed by 02904030 2024-04-01 2025-03-31 02904030 2025-03-31 02904030 bus: 1 1 2025-03-31 02904030 core:CurrentFinancialInstrumentPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
2025-£352
2024-£336
20230.01-£320
20220.01-£313
20210.01+£0
20200.01-£635
20190.01

Derived from filed accounts. Not audited figures.