Farm Cove Thoroughbreds Limited
08704723
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
total exemption full
Next accounts due
30/09/2026
Confirmation statement
Last: 25/09/2025
Due 09/10/2026
Industry
Officers
Persons with Significant Control
Farm Cove Holdings Limited
5th Floor, 40 Gracechurch Street, London, EC3V 0BT
Reg: 15041333 · Companies House · Limited Company
Notified 22/03/2024
Former PSCs
Mr Stuart Alan Stuckey
Ceased 22/03/2024
Charges0 outstanding
MAJOR OAK LIMITED
CompanyRankvs 1241+ SIC 01430 peers31
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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
and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going
Key FinancialsYear ending 30/09/2023
Net Worth
-£2.4M
Balance sheet strength
Cash
£1.0M
Cash in the bank
Net Current Assets
-£2.4M
Working capital
Current Assets
£2.8M
Current Liabilities
£5.3M
Debtors
£28k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2023 | 0.54 | -£5.0M |
| 2022 | 0.40 | +£5.0M |
| 2021 | 0.44 | -£429k |
| 2020 | 0.51 | -£3.7M |
| 2019 | 0.62 | +£493k |
| 2018 | 0.70 | — |
Derived from filed accounts. Not audited figures.