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Southbay Marine Limited

06324609

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

UNIT 214 SOUTH SHIELDS BUSINESS WORKS, SOUTH SHIELDS, NE33 1RF
Incorporated 25/07/2007

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

42910
Construction of water projects
42990
Construction of other civil engineering projects

Officers

Gillian Green

secretary · Since 25/07/2007

BRITISH

Mr Gordon Iain Green

director · Since 25/07/2007

DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 4 other boards

Mrs Gillian Green

director · Since 16/03/2012

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 63

Also on 3 other boards

Persons with Significant Control

Mr Gordon Iain Green

75–100% shares

British · England · Age 63

Unit 214, South Shields Business Works, South Shields, NE33 1RF

Notified 06/04/2016

CompanyRankvs 188+ SIC 42910 peers
62

Financial strength78th percentile among SIC peers · 20/25
Employees13th percentile among SIC peers · 2/15
LiquidityCurrent ratio 27.93× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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188Southbay Marine Limited
72
How is this score calculated?
Financial strength20/25 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.

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

Going concern doubt: -10 pts

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

Going Concern Doubt

the UK and Republic of Ireland” including the provisions of Section 1A “Small Entities” and the Companies Act 2006. The financial statements have been prepared under the historic cost convention. Going concern In preparing these financial statements, the directors have assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the comp

Key FinancialsYear ending 31/07/2025

Net Worth

£153k

Balance sheet strength

Cash

£112k

Cash in the bank

Net Current Assets

£702k

Working capital

Current Assets

£728k

Current Liabilities

£26k

Fixed Assets

£193k

Debtors

£615k

0avg. employees

Balance Sheet

Assets less current liabilities£895k
Signed by Mr G Green,Prepared with IRIS Elements Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
202527.93-£64k
20243.93+£5k
20232.63+£52k
20222.06+£58k
20212.41+£141k
20201.33-£94k
20190.57+£23k
20180.48—

Derived from filed accounts. Not audited figures.