Wight Shipyard Company Limited
10333818
Some Concerns
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
Details
Compliance
Last accounts
31/12/2024
full
Next accounts due
30/09/2026
Confirmation statement
Last: 15/01/2026
Due 29/01/2027
Industry
Officers
director · Since 30/06/2022
CHIEF EXECUTIVE OFFICER
BRITISH · UNITED KINGDOM · Age 58
Also on 1 other board
Persons with Significant Control
Roland Philippe Joassard
French · France · Age 67
Kintyre House, 70 High Street, Fareham, PO16 7BB
Notified 12/09/2022
Former PSCs
Mr Peter Morton
Ceased 12/09/2022
Sir Charles Dunstone
Ceased 12/09/2022
CompanyRankvs 115+ SIC 30110 peers54
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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
in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. Material uncertainty related to going concern In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriat
Key FinancialsYear ending 31/12/2024
Net Worth
£51k
Balance sheet strength
Cash
£257k
Cash in the bank
Profit Before Tax
-£2.9M
Bottom line earnings
Net Current Assets
-£1.9M
Working capital
Current Assets
£10.3M
Current Liabilities
£12.3M
Fixed Assets
£9.0M
Debtors
£9.5M
Cost of Sales
£18.6M
Admin Expenses
£3.9M
Profit After Tax
-£2.4M
Tax at Year End(2019)
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.84 | -£836k |
| 2023 | 1.37 | +£3.2M |
| 2022 | 1.63 | +£206k |
| 2021 | 2.79 | -£1.1M |
| 2020 | 3.27 | -£1.0M |
| 2019 | 0.77 | -£1.3M |
| 2018 | 1.03 | — |
Derived from filed accounts. Not audited figures.