Swansea Drydocks Limited
06925673
Some Concerns
- Negative net worth (-10)
- Loss before tax (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
Joseph Owen Nelson
secretary · Since 24/03/2017
Joseph Owen Nelson
director · Since 24/03/2017
Irish
Iain James Shirley
director · Since 01/01/2022
Irish
James Alexander Tyrrell
director · Since 24/03/2017
Irish
Former
Alan Dunn
director · Resigned 24/03/2017
David Richard Dunn
director · Resigned 11/04/2013
Karl Steven Andrew Dunn
director · Resigned 11/04/2013
James Gerard Kavanagh
director · Resigned 01/12/2022
Robert Andrew Shaw
director · Resigned 06/05/2011
CompanyRankvs 3140+ SIC 52220 peers55
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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
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
applicable Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; • assess the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern; and • use the going concern basis of accounting unless they either intend to liquidate the Company or to cease operat
Key FinancialsYear ending 31/12/2024
Turnover
£2.6M
Annual revenue
Net Worth
-£2.7M
Balance sheet strength
Cash
£129k
Cash in the bank
Profit Before Tax
-£691k
Bottom line earnings
Net Current Assets
£438k
Working capital
Current Assets
£618k
Current Liabilities
£180k
Fixed Assets
£1.1M
Debtors
£334k
Cost of Sales
£2.9M
Gross Profit
-£250k
Admin Expenses
£442k
Operating Profit
-£691k
Profit After Tax
-£691k
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 3.43 | -£691k |
| 2023 | 3.53 | — |
Derived from filed accounts. Not audited figures.