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Selman Marine Design Limited

03145892

active
Private Limited Company
england wales
Companies House
Health Score
73 / 100

Some Concerns

25/30
Filing
10/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

24 WESTGATE, LINCOLNSHIRE, NG34 7PN
Incorporated 15/01/1996

Compliance

Last accounts

31/03/2021

total exemption full

Next accounts due

31/03/2023

Overdue

Confirmation statement

Last: 14/11/2022

Due 28/11/2023

Overdue

Industry

71111
Architectural activities
71121
Engineering design activities for industrial process and production
71122
Engineering related scientific and technical consulting activities
71129
Other engineering activities

Officers

Mr Andrew Michael Selman

director · Since 15/01/1996

NAVAL ARCHITECT

BRITISH · SCOTLAND · Age 59

Also on 2 other boards

Persons with Significant Control

Mr Andrew Michael Selman

25–50% shares
75–100% votes

British · Scotland · Age 59

7a, Alder Road, Dumbarton, G82 2EL

Notified 06/04/2016

Former PSCs

Mrs Sarah Elizabeth Selman

Ceased 31/12/2021

Charges1 outstanding

charge
outstanding

THE ROYAL BANK OF SCOTLAND PLC

Created 06/04/2006Registered 12/04/2006
charge
satisfied

HSBC BANK PLC

Created 03/03/2003Registered 06/03/2003Satisfied 23/02/2007

CompanyRankvs 1596+ SIC 71111 peers
67

Financial strength73th percentile among SIC peers · 18/25
Employees62th percentile among SIC peers · 9/15
LiquidityCurrent ratio 5.21× · 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 strength18/25 pts

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

Employees9/15 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 31/03/2021

Net Worth

£28k

Balance sheet strength

Cash

£44k

Cash in the bank

Net Current Assets

£121k

Working capital

Current Assets

£150k

Current Liabilities

£29k

Fixed Assets

£22k

Debtors

£65k

2avg. employees

Tax at Year End(2020)

Corp tax£407

Balance Sheet

Assets less current liabilities£143k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20215.21-£80k
202011.94
20199.30

Derived from filed accounts. Not audited figures.