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Cowan Subsea Limited

08497098

active
Private Limited Company
Companies House
Health Score
84 / 100

Healthy

30/30
Filing
20/30
Financial
34/40
Risk
  • 3 outstanding charges (-6)

Details

25 CARIBEES, CONSETT, DH8 7AY
Incorporated 19/04/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

68209
Other letting and operating of own or leased real estate
74909
Other professional, scientific and technical activities

Officers

Mr Steven Cowan

director · Since 19/04/2013

SUB SEA ENGINEER

BRITISH · ENGLAND · Age 40

Also on 1 other board

Persons with Significant Control

Mr Steven Cowan

75–100% shares
75–100% votes
Appoint directors

British · England · Age 40

25, Caribees, Consett, DH8 7AY

Notified 19/04/2017

Charges3 outstanding

Charge
outstanding

ALDERMORE BANK PLC

Created 13/06/2023Registered 14/06/2023
Charge
outstanding

THE MORTGAGE LENDER LIMITED

Created 06/05/2022Registered 09/05/2022
Charge
satisfied

LANDBAY PARTNERS LIMITED

Created 30/11/2017Registered 06/12/2017Satisfied 14/06/2023
Charge
outstanding

PARATUS AMC LIMITED

Created 05/06/2017Registered 06/06/2017

CompanyRankvs 11512+ SIC 68209 peers
70

Financial strength92th percentile among SIC peers · 23/25
Employees57th percentile among SIC peers · 9/15
LiquidityCurrent ratio 2.2× · 20/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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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.

Employees9/15 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.

Longevity13/15 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 31/03/2025

Net Worth

£805k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

£615k

Working capital

Current Assets

£615k

Current Liabilities

£280k

Fixed Assets

£521k

1avg. employees

Tax at Year End(2021)

VAT£2k

Balance Sheet

Assets less current liabilities£1.1M
Signed by 1.4.24Prepared with Company Accounts and Tax Online

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20252.20+£85k—
20242.45+£88k—
20232.50+£87k—
20222.24+£69k—
20212.02—£42k

Derived from filed accounts. Not audited figures.