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Marine Bar Limited

10055640

active
Private Limited Company
Companies House
Health Score
63 / 100

Some Concerns

25/30
Filing
0/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

CASTAWAYS WINE BAR, FALMOUTH, TR11 5UF
Incorporated 10/03/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants

Officers

Mr Jonathan Toby Strickland-Skailes

director · Since 10/03/2016

ACCOUNTANT

BRITISH · ENGLAND · Age 53

Also on 1 other board

Persons with Significant Control

Mr Jonathan Toby Strickland Skailes

75–100% shares

British · England · Age 53

Castaways Wine Bar, Mylor Yacht Harbour, Falmouth, TR11 5UF

Notified 06/04/2016

Charges1 outstanding

Charge
outstanding

HSBC BANK PLC

Created 09/05/2016Registered 10/05/2016

CompanyRankvs 28350+ SIC 56101 peers
10

Financial strength3th percentile among SIC peers · 1/25
Employees10th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.22× · 2/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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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.

Employees2/15 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.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

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

Going Concern Doubt

the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below. 1.2 Going concern The company's ability to continue trading is dependent upon the continued support of its creditors and an true improvement in the company's trading results. On the assumption th

Key FinancialsYear ending 31/10/2024

Net Worth

-£322k

Balance sheet strength

Cash

£20k

Cash in the bank

Net Current Assets

-£108k

Working capital

Current Assets

£31k

Current Liabilities

£140k

Fixed Assets

£24k

Debtors

£7k

0avg. employees-17

Balance Sheet

Intangible assets£0
Assets less current liabilities-£84k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20240.22-£21k
20230.22-£51k
20220.36+£17k
20210.47+£5k
20200.34-£50k
20190.10-£53k
20180.07—

Derived from filed accounts. Not audited figures.