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Rovin Subsea Limited

10193057

activeactive proposal to strike off
ltd
england wales
Companies House
Confirmation statement overdue
Health Score
63 / 100

Some Concerns

15/30
Filing
10/30
Financial
38/40
Risk
  • Confirmation statement overdue (-10)
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

6 Queen's Court, Third Avenue, Team Valley Trading Estate, Gateshead, NE11 0BU
Incorporated 21/05/2016

Previously known as

Subco Equipment Rentals Limited · until 29/06/2020

Compliance

Last accounts

29/09/2024

total exemption full

Next accounts due

29/06/2026

On track

Confirmation statement

Last: 20/05/2024

Due 03/06/2025

Overdue

Industry

43999
Specialised construction activities

Officers

Michael David Mckenna

director · Since 21/05/2016

British · England · Age 58

Liam John Knight

director · Since 01/05/2024

English · England · Age 44

Persons with Significant Control

Mr Michael David Mckenna

25–50% shares
25–50% votes

British · England · Age 58

6, Queens Court, Third Avenue, Gateshead, NE11 0BU

Notified 21/05/2016

Mr Liam Knight

25–50% shares
25–50% votes

British · United Kingdom · Age 44

6, Queen's Court, Third Avenue, Gateshead, NE11 0BU

Notified 05/04/2018

Charges1 outstanding

Charge
outstanding

BUSINESS & ENTERPRISE FINANCE LTD · NPIF YHTV MICROFINANCE LP

Created 01/07/2021Registered 01/07/2021

Change History

statusactive
2026-06-08

Active - Proposal to Strike off

typeltd
2026-06-08

Private Limited Company

address line16 Queen's Court, Third Avenue
2026-06-08

6 QUEEN'S COURT, THIRD AVENUE

post townGateshead
2026-06-08

GATESHEAD

officer appointedKNIGHT, Liam John
2026-06-08
officer appointedMCKENNA, Michael David
2026-06-08

CompanyRankvs 26960+ SIC 43999 peers
42

Financial strength88th percentile among SIC peers · 22/25
Employees58th percentile among SIC peers · 9/15
LiquidityCurrent ratio 0.78× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceOne filing overdue · 5/15
Outstanding charges -10
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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.

Employees9/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity6/20 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 compliance5/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 29/09/2024

Net Worth

£226k

Balance sheet strength

Cash

£209k

Cash in the bank

Net Current Assets

-£78k

Working capital

Current Assets

£281k

Current Liabilities

£359k

Fixed Assets

£387k

Debtors

£26k

2avg. employees+1

Balance Sheet

Assets less current liabilities£309k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20240.78+£37k
20232.16+£13k
20211.34-£51k
20201.17+£35k
20191.14+£39k
20180.98

Derived from filed accounts. Not audited figures.