Legend Sailing Limited
09946509
Some Concerns
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/03/2025
total exemption full
Next accounts due
31/12/2026
Confirmation statement
Last: 18/10/2025
Due 01/11/2026
Industry
Officers
director · Since 12/01/2016
COMPANY DIRECTOR
BRITISH · ENGLAND · Age 57
Also on 1 other board
Persons with Significant Control
Mr Ronan Henry Banim
British · England · Age 57
C/O Djh Chester City, Military House, Chester, CH1 2DS
Notified 06/04/2016
CompanyRankvs 359+ SIC 50100 peers34
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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 liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. Going concern At the year end the company's liabilities exceeded its assets by £152,207 and as such the company's ability to continue to operate depends on the support of its Directors. The Financial
Key FinancialsYear ending 31/03/2025
Net Worth
£100
Balance sheet strength
Cash
£6k
Cash in the bank
Net Current Assets
-£804k
Working capital
Current Assets
£11k
Current Liabilities
£815k
Fixed Assets
£651k
Debtors
£6k
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2025 | 0.01 | — |
| 2024 | 0.02 | — |
| 2023 | 0.01 | — |
| 2022 | 0.01 | -£7k |
| 2021 | 0.02 | -£20k |
| 2020 | 0.08 | -£19k |
| 2019 | 0.13 | — |
Derived from filed accounts. Not audited figures.