Techflow Marine Ltd
05505237
Some Concerns
- No accounts filed in last 18 months (-5)
- Going concern doubt noted in accounts (-10)
- 7 outstanding charges (-10)
Details
Compliance
Last accounts
31/07/2024
group
Next accounts due
31/07/2026
Confirmation statement
Last: 11/07/2025
Due 25/07/2026
Industry
Officers
director · Since 13/05/2011
CHARTERED ACCOUNTANT
BRITISH · ENGLAND · Age 71
Also on 51 other boards
director · Since 13/06/2011
ACCOUNTANT
BRITISH · UNITED KINGDOM · Age 70
Also on 10 other boards
secretary · Since 01/08/2024
Persons with Significant Control
Mr Kenneth Brian Beattie
British · United Kingdom · Age 73
5, Tranwell Court, Morpeth, NE61 6PG
Notified 06/04/2016
Charges7 outstanding
HSBC UK BANK PLC
MICROBIOLOGICAL ENGINEERING LIMITED
BARCLAYS BANK PLC
BARCLAYS BANK PLC
TEES VALLEY CATALYST FUND L.P.ACTING BY WAY OF ITS GENERAL PARTNER TVUPB LIMITED,ACTING BY FW C
BARCLAYS BANK PLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
BARCLAYS BANK PLC
CompanyRankvs 15170+ SIC 32990 peers66
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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
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent 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
Key FinancialsYear ending 31/07/2024
Net Worth
£10.1M
Balance sheet strength
Cash
£1.4M
Cash in the bank
Net Current Assets
£10.7M
Working capital
Current Assets
£25.6M
Current Liabilities
£15.0M
Fixed Assets
£642k
Debtors
£23.7M
Cost of Sales
£11.9M
Admin Expenses
£6.1M
Profit After Tax
£1.9M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 1.71 | +£2.5M |
| 2023 | 1.39 | -£2.4M |
| 2022 | 1.71 | +£682k |
| 2021 | 1.95 | +£935k |
| 2020 | 2.21 | +£1.5M |
| 2019 | 2.17 | — |
Derived from filed accounts. Not audited figures.