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Cornish Tugboat Ltd

06537487

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

OFFICE 1, THE WAREHOUSE, PENRYN, TR10 8GZ
Incorporated 18/03/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56102
Unlicensed restaurants and cafes

Officers

Mrs Sara Louise Newlin

director · Since 18/03/2008

RESTRAUNTER

BRITISH · ENGLAND · Age 53

Mr Zachary Newlin

director · Since 14/08/2024

DIRECTOR

BRITISH · ENGLAND · Age 32

Persons with Significant Control

Mrs Sara Newlin

75–100% shares
75–100% votes

British · England · Age 53

Office 1, The Warehouse, Anchor Quay, Penryn, TR10 8GZ

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

HSBC UK BANK PLC

Created 23/12/2022Registered 30/12/2022

CompanyRankvs 5089+ SIC 56102 peers
54

Financial strength90th percentile among SIC peers · 23/25
Employees36th percentile among SIC peers · 5/15
LiquidityCurrent ratio 0.81× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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5089Cornish Tugboat Ltd
60
How is this score calculated?
Financial strength23/25 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

£63k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£13k

Working capital

Current Assets

£69k

Current Liabilities

£85k

Fixed Assets

£121k

2avg. employees

Balance Sheet

Assets less current liabilities£108k
Signed by Mrs Sara Newlin 25th September 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.81+£18k
20230.79+£50k
2022—-£11k
20210.44+£0
20200.44+£2k
20190.33+£2k
20180.63—

Derived from filed accounts. Not audited figures.