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M5 Marine Limited

09057862

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)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

RETREAT BOATYARD RETREAT DRIVE, EXETER, EX3 0LS
Incorporated 27/05/2014

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

33150
Repair and maintenance of ships and boats
47789
Other retail sale of new goods in specialised stores

Officers

Simon Reader

secretary · Since 27/05/2014

Mr Simon John Reader

director · Since 27/05/2014

DIRECTOR

BRITISH · ENGLAND · Age 58

Persons with Significant Control

Mr Simon John Reader

75–100% shares
75–100% votes

British · England · Age 58

Retreat Boatyard, Retreat Drive, Exeter, EX3 0LS

Notified 27/05/2016

CompanyRankvs 1000+ SIC 33150 peers
46

Financial strength4th percentile among SIC peers · 1/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.82× · 6/20
Longevity12 years trading (max 15) · 12/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength1/25 pts

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

Employees12/15 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.

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

Key FinancialsYear ending 30/09/2024

Net Worth

-£45k

Balance sheet strength

Cash

£93k

Cash in the bank

Net Current Assets

-£46k

Working capital

Current Assets

£210k

Current Liabilities

£256k

Fixed Assets

£607

Debtors

£116k

3avg. employees
Signed by 09057862 2023-10-01 2024-09-30 09057862 2024-09-30 09057862 bus:OrdinaryShareClass1 bus:Non-cumulativeNon-redeemableSharPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.82-£59k
20231.09+£15k
20220.98-£6k
20211.08—

Derived from filed accounts. Not audited figures.