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Marine Bar Limited

10055640

active
Private Limited Company
england wales
Companies House
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)
  • 1 outstanding charge (-2)

Details

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

Compliance

Last accounts

31/10/2024

total exemption full

Next accounts due

31/07/2026

On track

Confirmation statement

Last: 09/03/2026

Due 23/03/2027

On track

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 18259+ SIC 56101 peers
21

Financial strength2th percentile among SIC peers · 1/25
Employees84th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.07× · 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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18259Marine Bar Limited
41
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.

Employees13/15 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 that the support is

Key FinancialsYear ending 31/10/2025

Net Worth

-£435k

Balance sheet strength

Cash

£1k

Cash in the bank

Net Current Assets

-£180k

Working capital

Current Assets

£14k

Current Liabilities

£194k

Fixed Assets

£20k

Debtors

£8k

17avg. employees+17

Balance Sheet

Intangible assets£0
Assets less current liabilities-£161k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.07-£113k
20240.22-£21k
20230.22—

Derived from filed accounts. Not audited figures.