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Subsea Quality Solutions Limited

08794864

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)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

14 HAYDON, WASHINGTON, NE38 8PF
Incorporated 28/11/2013

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

82990
Other business support service activities

Officers

Mrs Maria Elaina Potts

director · Since 28/11/2013

DIRECTOR

BRITISH · UNITED KINGDOM · Age 56

Also on 1 other board

Mr Michael Potts

director · Since 28/11/2013

QUALITY ASSURANCE

BRITISH · UNITED KINGDOM · Age 57

Persons with Significant Control

Mr Michael Potts

25–50% shares
25–50% votes

British · United Kingdom · Age 57

14, Haydon, Washington, NE38 8PF

Notified 30/06/2016

Mrs Maria Elaina Potts

25–50% shares
25–50% votes

British · United Kingdom · Age 56

14, Haydon, Washington, NE38 8PF

Notified 30/06/2016

CompanyRankvs 9709+ SIC 82990 peers
71

Financial strength90th percentile among SIC peers · 23/25
Employees69th percentile among SIC peers · 10/15
LiquidityCurrent ratio 5.2× · 20/20
Longevity13 years trading (max 15) · 13/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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9709Subsea Quality Solutions Limited
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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.

Employees10/15 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

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 30/11/2024

Net Worth

£240k

Balance sheet strength

Cash

£268k

Cash in the bank

Net Current Assets

£238k

Working capital

Current Assets

£295k

Current Liabilities

£57k

Fixed Assets

£2k

Debtors

£27k

2avg. employees

Balance Sheet

Assets less current liabilities£240k
Signed by Mr Michael Potts Mrs Maria Potts 30/01/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20245.20+£92k
202314.13+£9k
202243.02-£29k
202114.54-£9k
202010.38+£15k
20196.98+£23k
20185.80—

Derived from filed accounts. Not audited figures.