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Swim Secure Limited

10538702

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • Going concern doubt noted in accounts (-10)

Details

6 MAIDA VALE BUSINESS CENTRE, CHELTENHAM, GL53 7ER
Incorporated 23/12/2016

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47640
Retail sale of sports goods, fishing gear, camping goods, boats and bicycles
47910
Retail sale via mail order houses or via Internet

Officers

Maurice Edgington

secretary · Since 23/12/2016

Mr Maurice John Edgington

director · Since 23/12/2016

ACCOUNTANT

BRITISH · UNITED KINGDOM · Age 69

Also on 24 other boards

Mr Gary Donald Hall

director · Since 23/12/2016

DIRECTOR

BRITISH · UNITED KINGDOM · Age 75

Also on 7 other boards

Persons with Significant Control

Former PSCs

Mr Gary Donald Hall

Ceased 29/09/2017

Mr Maurice John Edgington

Ceased 29/09/2017

CompanyRankvs 37160+ SIC 47640 peers
34

Financial strength1th percentile among SIC peers · 0/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 2.01× · 20/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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How is this score calculated?
Financial strength0/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees0/15 pts

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

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity9/15 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

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

Going Concern Doubt

savings in the coming years.The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern. 2.3. Turnover Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale

Key FinancialsYear ending 30/09/2024

Net Worth

-£267k

Balance sheet strength

Cash

£15k

Cash in the bank

Net Current Assets

£70k

Working capital

Current Assets

£139k

Current Liabilities

£69k

Fixed Assets

£3k

Debtors

£72k

Tax at Year End

VAT£22k

Director Loans

Company owes directors£188k

Balance Sheet

Intangible assets£2k
Assets less current liabilities£73k
Signed by Mr Gary Hall 18/06/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20242.01+£68k£431k
20231.04-£179k£431k
20221.69-£69k£527k
20213.28-£10k
20207.22-£16k
20195.17-£74k
20181.51

Derived from filed accounts. Not audited figures.