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Timoneers Limited

11091098

active
Private Limited Company
england wales
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
10/30
Financial
30/40
Risk
  • Current liabilities exceed current assets (-10)
  • 7 outstanding charges (-10)

Details

1 COLLETON CRESCENT, EXETER, EX2 4DG
Incorporated 01/12/2017

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 30/11/2025

Due 14/12/2026

On track

Industry

41100
Development of building projects

Officers

Mrs Moira Sheila Armstrong

secretary · Since 01/12/2017

Also on 1 other board

Mr Timothy Paul Armstrong

director · Since 01/12/2017

MERCHANT NAVY

BRITISH · ENGLAND · Age 55

Also on 6 other boards

Mrs Moira Sheila Armstrong

director · Since 29/01/2018

DIRECTOR

BRITISH · UNITED KINGDOM · Age 53

Also on 1 other board

Persons with Significant Control

Mr Timothy Paul Armstrong

25–50% shares
25–50% votes

British · England · Age 55

1, Colleton Crescent, Exeter, EX2 4DG

Notified 01/12/2017

Mrs Moira Sheila Armstrong

25–50% shares
25–50% votes

British · United Kingdom · Age 53

1, Colleton Crescent, Exeter, EX2 4DG

Notified 01/12/2017

Charges7 outstanding

Charge
outstanding

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CompanyRankvs 34040+ SIC 41100 peers
44

Financial strength72th percentile among SIC peers · 18/25
Employees68th percentile among SIC peers · 10/15
LiquidityCurrent ratio 0.07× · 2/20
Longevity9 years trading (max 15) · 9/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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34040Timoneers Limited
53
How is this score calculated?
Financial strength18/25 pts

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

Employees10/15 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.

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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/12/2024

Net Worth

£35k

Balance sheet strength

Cash

£17k

Cash in the bank

Net Current Assets

-£878k

Working capital

Current Assets

£69k

Current Liabilities

£947k

Fixed Assets

£2.4M

Debtors

£52k

2avg. employees

Balance Sheet

Bank loans & overdrafts£1.5M
Assets less current liabilities£1.5M
Signed by 11091098 2024-01-01 2024-12-31 11091098 2024-12-31 11091098 core:OtherReservesSubtotal 2024-12-31 11091098 core:RetainedPrepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20240.07-£122k
20230.04+£25k
20220.04+£78k
20210.04+£75k
20200.04+£7k
20190.03-£2k
20180.04—

Derived from filed accounts. Not audited figures.