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Island Ribs Limited

09032208

liquidation
Private Limited Company
england wales
Companies House
Insolvency history
Health Score
N/A

Details

1580 PARKWAY SOLENT BUSINESS PARK, FAREHAM, PO15 7AG
Incorporated 09/05/2014

Compliance

Last accounts

30/06/2024

total exemption full

Next accounts due

31/03/2026

Overdue

Confirmation statement

Last: 09/05/2025

Due 23/05/2026

Overdue

Industry

30120
Building of pleasure and sporting boats

Officers

Miss Joanna Lucy Burke

director · Since 09/05/2014

ADMINISTRATOR

BRITISH · ENGLAND · Age 48

Mrs Lesley Kate Driver

director · Since 20/12/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 56

Also on 2 other boards

Persons with Significant Control

Miss Joanna Lucy Burke

25–50% shares

British · England · Age 48

1580 Parkway, Solent Business Park, Fareham, PO15 7AG

Notified 06/04/2016

Mr Alexander William Cottle

25–50% shares

British · England · Age 50

1580 Parkway, Solent Business Park, Fareham, PO15 7AG

Notified 06/04/2016

Mrs Lesley Kate Driver

25–50% shares

British · England · Age 56

The Old Rectory, Bishampton Road, Worcester, WR7 4BT

Notified 20/12/2021

Former PSCs

Mr Brian Robert Hallett

Ceased 20/12/2021

Insolvency History1 case

creditors voluntary liquidation16/09/2025

Stewart Goldsmith (practitioner) · Michael Robert Fortune (practitioner) · Nicola Elaine Layland (practitioner)

CompanyRankvs 15+ SIC 30120 peers
23

Financial strengthNo net worth data · 0/25
EmployeesNo employee data · 0/15
LiquidityCurrent ratio 0.83× · 6/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
Insolvency history -10
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How is this score calculated?
Financial strength0/25 pts

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

Employees0/15 pts

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

Liquidity6/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity12/15 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

Insolvency history: -10 pts

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

Key FinancialsYear ending 30/06/2024

Net Worth

-£287k

Balance sheet strength

Cash

£40k

Cash in the bank

Net Current Assets

-£43k

Working capital

Current Assets

£210k

Current Liabilities

£253k

Fixed Assets

£163k

Debtors

£48k

10avg. employees+1

Balance Sheet

Intangible assets£55k
Bank loans & overdrafts£30k
Assets less current liabilities£120k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.83-£202k
20232.34

Derived from filed accounts. Not audited figures.