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Britannia Fishing Limited

09591848

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

20 HAVELOCK ROAD, HASTINGS, TN34 1BP
Incorporated 14/05/2015

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

03110
Marine fishing

Officers

Mr Joseph Watt

director · Since 14/05/2015

FISHERMAN

BRITISH · ENGLAND · Age 59

Mr Daniel Watt

director · Since 06/12/2017

FISHERMAN

BRITISH · ENGLAND · Age 34

Persons with Significant Control

Mr Joseph Watt

75–100% shares
75–100% votes
Appoint directors

British · England · Age 59

20 Havelock Road, Hastings, TN34 1BP

Notified 06/04/2016

CompanyRankvs 197+ SIC 03110 peers
54

Financial strength87th percentile among SIC peers · 22/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.49× · 2/20
Longevity11 years trading (max 15) · 11/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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197Britannia Fishing Limited
64
How is this score calculated?
Financial strength22/25 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.

Liquidity2/20 pts

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

Longevity11/15 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 the Companies Act 2006. The financial statements have been prepared under the historical cost convention. The directors have made an assessment about the company's ability to continue as a going concern and they do not consider there to be any material uncertainties. As a result they have adopted the going concern basis of accounting. Turnover Turnover represents net invoiced sales of g

Key FinancialsYear ending 31/05/2025

Net Worth

£491k

Balance sheet strength

Cash

£176k

Cash in the bank

Net Current Assets

-£204k

Working capital

Current Assets

£193k

Current Liabilities

£397k

Fixed Assets

£900k

Debtors

£17k

4avg. employees

Tax at Year End

Corp tax£49k

Balance Sheet

Assets less current liabilities£696k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.49+£0
20250.49-£125k
20240.37+£397k
20230.73-£32k
20221.35-£121k
20210.67—

Derived from filed accounts. Not audited figures.