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Drake Towage Limited

03062990

active
Private Limited Company
Companies House
Health Score
78 / 100

Some Concerns

30/30
Filing
10/30
Financial
38/40
Risk
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

41-43 CRAB MARSH, CAMBRIDGESHIRE, PE13 3JQ
Incorporated 31/05/1995

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

43999
Specialised construction activities

Officers

Mr Mark Sayer

director · Since 31/05/1995

MARINE ENGINEER

BRITISH · ENGLAND · Age 69

Also on 7 other boards

Robert Sayer

director · Since 31/05/1995

MARINE ENGINEER

BRITISH · ENGLAND · Age 66

Also on 1 other board

Mr Mark Sayer

secretary · Since 24/05/1996

MARINE ENGINEER

BRITISH · ENGLAND · Age 69

Also on 7 other boards

Persons with Significant Control

Sayer Holding Company Limited

75–100% shares
75–100% votes

41-43, Crab Marsh, Wisbech, PE13 3JQ

Reg: 14789852 · Companies House · Limited Company

Notified 10/04/2023

Former PSCs

Mr Mark Sayer

Ceased 10/04/2023

Robert Sayer

Ceased 10/03/2023

Charges1 outstanding

charge
outstanding

HSBC BANK PLC

Created 27/01/2003Registered 01/02/2003

CompanyRankvs 157+ SIC 43999 peers
80

Financial strength98th percentile among SIC peers · 25/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 5.97× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 30/06/2025

Net Worth

£2.3M

Balance sheet strength

Cash

£787k

Cash in the bank

Net Current Assets

£917k

Working capital

Current Assets

£1.1M

Current Liabilities

£184k

Fixed Assets

£1.7M

Debtors

£304k

18avg. employees

Tax at Year End

Corp tax£65k

Balance Sheet

Intangible assets£40k
Assets less current liabilities£2.7M
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20255.97-£1.2M
20248.10-£424k
202312.20+£15k
202215.13+£86k
20218.06+£376k
202011.88+£36k
201911.73—

Derived from filed accounts. Not audited figures.