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Lincolnshire Coastal Removals & Storage Ltd

07993313

active
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
45 / 100

Notable Risks

25/30
Filing
0/30
Financial
20/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Active insolvency proceedings (-20)

Details

2 GLEBE RISE, SKEGNESS, PE24 5BL
Incorporated 16/03/2012

Compliance

Last accounts

31/08/2024

total exemption full

Next accounts due

31/05/2026

On track

Confirmation statement

Last: 16/03/2025

Due 30/03/2026

Overdue

Industry

49420
Removal services

Officers

Mr Nigel John Forshaw

director · Since 17/03/2012

BAKER

BRITISH · ENGLAND · Age 56

Also on 3 other boards

Mrs Sarah Louise Forshaw

director · Since 17/03/2012

BOOK KEEPER

BRITISH · ENGLAND · Age 55

Also on 1 other board

Persons with Significant Control

Mr Nigel John Forshaw

25–50% shares

British · England · Age 56

Suite 500, Unit 2, 94a Wycliffe Road, Northampton, NN1 5JF

Notified 06/04/2016

Mrs Sarah Louise Forshaw

25–50% shares

British · England · Age 55

Suite 500, Unit 2, 94a Wycliffe Road, Northampton, NN1 5JF

Notified 06/04/2016

Insolvency History1 case

creditors voluntary liquidation24/03/2026

Philip David Nunney (practitioner) · Gareth David Rusling (practitioner)

CompanyRankvs 2449+ SIC 49420 peers
31

Financial strength2th percentile among SIC peers · 1/25
Employees63th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.14× · 2/20
Longevity14 years trading (max 15) · 14/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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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.

Employees9/15 pts

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

Liquidity2/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity14/15 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 31/08/2024

Net Worth

-£68k

Balance sheet strength

Cash

£5k

Cash in the bank

Net Current Assets

-£74k

Working capital

Current Assets

£12k

Current Liabilities

£86k

Fixed Assets

£12k

Debtors

£7k

Profit After Tax

£9k

2avg. employees-1

Balance Sheet

Assets less current liabilities-£62k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.14+£9k
20230.11

Derived from filed accounts. Not audited figures.