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Penwith Marine Services Limited

10337855

active
Private Limited Company
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)
  • 1 outstanding charge (-2)

Details

RRL LLP UNIT 2, PENZANCE, TR18 4FG
Incorporated 19/08/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

33150
Repair and maintenance of ships and boats

Officers

Mr Michael Francis Nowell

director · Since 19/08/2016

DIRECTOR

BRITISH · ENGLAND · Age 57

Also on 1 other board

Mr Michael Trevelyan Nowell

director · Since 19/08/2016

DIRECTOR

BRITISH · ENGLAND · Age 44

Mr Stephen James Nowell

director · Since 19/08/2016

DIRECTOR

BRITISH · ENGLAND · Age 66

Also on 1 other board

Karen Nowell

secretary · Since 18/08/2020

Persons with Significant Control

Mr Michael Francis Nowell

25–50% shares
25–50% votes

British · England · Age 57

Trevaylor Mill, Gulval, Penzance, TR20 8UR

Notified 19/08/2016

Mr Michael Trevelyan Nowell

25–50% shares
25–50% votes

British · England · Age 44

Chy Samuel, Laity Fields, Camborne, TR14 8RT

Notified 19/08/2016

Mr Stephen James Nowell

25–50% shares
25–50% votes

British · England · Age 66

20, Donnington Road, Penzance, TR18 4PQ

Notified 19/08/2016

Charges1 outstanding

Charge
outstanding

BARCLAYS BANK PLC

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

CompanyRankvs 1024+ SIC 33150 peers
36

Financial strength4th percentile among SIC peers · 1/25
Employees93th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.86× · 6/20
Longevity10 years trading (max 15) · 10/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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1024Penwith Marine Services 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.

Employees14/15 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 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/10/2025

Net Worth

-£39k

Balance sheet strength

Cash

£250

Cash in the bank

Net Current Assets

-£28k

Working capital

Current Assets

£170k

Current Liabilities

£197k

Fixed Assets

£13k

Debtors

£61k

8avg. employees+1

Tax at Year End(2022)

Corp tax£10k

Balance Sheet

Intangible assets£5k
Assets less current liabilities-£15k
Prepared with CCH Software

EstimatesDerived

YearCurrent RatioImplied Profit
20250.86-£26k
20241.10+£8k
20231.19-£70k
20221.94+£35k
20211.75—

Derived from filed accounts. Not audited figures.