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Select Offshore Ltd

08634426

active
Private Limited Company
england wales
Companies House
Health Score
88 / 100

Healthy

30/30
Filing
20/30
Financial
38/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

SWIFT HOUSE, CHELMSFORD, CM1 1GU
Incorporated 01/08/2013

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 19/03/2026

Due 02/04/2027

On track

Industry

78200
Temporary employment agency activities

Officers

Mr Ryan Burville

director · Since 01/11/2013

DIRECTOR

BRITISH · UNITED KINGDOM · Age 37

Also on 4 other boards

Mr Michael Tann

director · Since 01/11/2013

DIRECTOR

ENGLISH · ENGLAND · Age 37

Also on 3 other boards

Mr James Stuart Kindred

director · Since 10/03/2026

BRITISH · ENGLAND · Age 35

Persons with Significant Control

The Select Recruitment Group Ltd

75–100% shares
75–100% votes

Onslow House, 62 Broomfield Road, Chelmsford, CM1 1SW

Reg: 09966603 · Companies House · Limited Company

Notified 06/04/2016

Former PSCs

Mr Ryan Burville

Ceased 06/04/2016

Mr Michael Tann

Ceased 06/04/2016

Select Engineering Limited

Ceased 13/03/2020

Charges1 outstanding

Charge
outstanding

RBS INVOICE FINANCE LTD

Created 11/12/2019Registered 11/12/2019

CompanyRankvs 1117+ SIC 78200 peers
59

Financial strength99th percentile among SIC peers · 25/25
Employees95th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.44× · 12/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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How is this score calculated?
Financial strength25/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

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

Liquidity12/20 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

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to

Key FinancialsYear ending 31/12/2024

Net Worth

£2.7M

Balance sheet strength

Cash

£73k

Cash in the bank

Profit Before Tax

£1.4M

Bottom line earnings

Net Current Assets

£2.6M

Working capital

Current Assets

£8.6M

Current Liabilities

£6.0M

Fixed Assets

£153k

Debtors

£8.6M

Cost of Sales

£27.6M

Gross Profit

£5.1M

Admin Expenses

£3.7M

Profit After Tax

£1.1M

43avg. employees+16

Tax at Year End

Corp tax£101k
Dividends paid£707k

People Costs

Wages & salaries£2.3M

Balance Sheet

Assets less current liabilities£2.8M
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20241.44+£219k
20231.68+£465k
20222.11+£549k
20211.49+£280k
20201.46+£436k
20193.03+£113k
20182.26

Derived from filed accounts. Not audited figures.