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Castle Ribs Ltd

10005343

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

FFINNANT, CARMARTHEN, SA32 7RG
Incorporated 15/02/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

32990
Other manufacturing

Officers

Mr Paul Russell Heaysman

director · Since 15/02/2016

BOAT BUILDER

ENGLISH · UNITED KINGDOM · Age 50

Also on 1 other board

Mr Benjamin Neil Plummer

director · Since 15/02/2016

BOAT BUILDER

BRITISH · WALES · Age 47

Also on 1 other board

Persons with Significant Control

Mr Benjamin Neil Plummer

Significant control

British · Wales · Age 47

Mac1010, Wicormarine, Portchester, PO16 9DR

Notified 06/04/2016

Mr Paul Russell Heaysman

Significant control

English · United Kingdom · Age 50

153, West Street, Fareham, PO16 9UE

Notified 06/04/2016

Former PSCs

Mr Michael Ronald Smith

Ceased 10/09/2019

CompanyRankvs 11224+ SIC 32990 peers
36

Financial strength5th percentile among SIC peers · 1/25
Employees50th percentile among SIC peers · 8/15
LiquidityCurrent ratio 0.29× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
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11224Castle Ribs Ltd
36
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.

Employees8/15 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.

Longevity10/15 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 28/02/2025

Net Worth

-£60k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£64k

Working capital

Current Assets

£26k

Current Liabilities

£91k

Fixed Assets

£5k

2avg. employees

Balance Sheet

Assets less current liabilities-£59k
Signed by 10005343 2024-03-01 2025-02-28 10005343 2025-02-28 10005343 bus: 1 1 2025-02-28 10005343 bus: 2 1 2025-02-28 10005343 coPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20250.29-£3k
20240.28-£4k
20230.28—

Derived from filed accounts. Not audited figures.