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Lincolnshire Coastal Removals & Storage Ltd

07993313

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

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

Details

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

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

49420
Removal services

Officers

Nigel John Forshaw

director · Since 17/03/2012

British

Sarah Louise Forshaw

director · Since 17/03/2012

British

Former

Yomtov Eliezer Jacobs

director · Resigned 16/03/2012

CompanyRankvs 30180+ SIC 49420 peers
41

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
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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.

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

Balance Sheet

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

EstimatesDerived

YearCurrent Ratio
20240.14

Derived from filed accounts. Not audited figures.