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Marine Jet Power Limited

03239600

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

MIDWAY HOUSE, STAVERTON TECHNOLOGY PARK HERRICK WAY, CHELTENHAM, GL51 6TQ
Incorporated 19/08/1996

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

28990
Manufacture of other special-purpose machinery

Officers

Jonas Tegstrom

director · Since 05/10/2020

DIRECTOR

SWEDISH · SWEDEN · Age 61

Also on 1 other board

Mr Lars Stefan Sjã–Lin

secretary · Since 28/06/2025

Persons with Significant Control

Ultra Dynamic Holdings Limited

75–100% shares
75–100% votes

Midway House, Herrick Way, Cheltenham, GL51 6TQ

Reg: 03252068 · England · Limited Company

Notified 04/12/2017

Former PSCs

Ultra Dynamics Holdings Limited

Ceased 19/08/2017

Mr Magnus Sörenson

Ceased 11/11/2019

Charges1 outstanding

charge
outstanding

LLOYDS TSB BANK PLC

Created 03/09/2007Registered 04/09/2007
charge
satisfied

BARCLAYS BANK PLC

Created 23/03/2004Registered 30/03/2004Satisfied 02/10/2012
charge
satisfied

MR DEREK BURTON

Created 19/08/2002Registered 22/08/2002Satisfied 02/10/2012
charge
satisfied

MR GRAHAM SCOTT

Created 14/06/2002Registered 15/06/2002Satisfied 02/10/2012
charge
satisfied

BARCLAYS BANK PLC

Created 19/07/1998Registered 30/07/1998Satisfied 15/05/1999
charge
satisfied

DEREK BURTON

Created 08/08/1997Registered 28/08/1997Satisfied 02/10/2012
charge
satisfied

BARCLAYS BANK PLC

Created 21/03/1997Registered 02/04/1997Satisfied 02/10/2012

CompanyRankvs 1868+ SIC 28990 peers
32

Financial strength4th percentile among SIC peers · 1/25
Employees32th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.89× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1868Marine Jet Power Limited
38
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.

Employees5/15 pts

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

Liquidity6/20 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 31/12/2024

Net Worth

-£175k

Balance sheet strength

Cash

£26k

Cash in the bank

Net Current Assets

-£178k

Working capital

Current Assets

£1.4M

Current Liabilities

£1.6M

Fixed Assets

£4k

Debtors

£1.4M

1avg. employees

Balance Sheet

Assets less current liabilities-£174k
Prepared with Sage Accounts Production Advanced 2023 - FRS102_2023

EstimatesDerived

YearCurrent RatioImplied Profit
20240.89+£31k
202354.65+£64k
202178.14—

Derived from filed accounts. Not audited figures.