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Ocean Reach (Newquay) Ltd

11759362

active
ltd
england wales
Companies House
Health Score
83 / 100

Healthy

25/30
Filing
20/30
Financial
38/40
Risk
  • No accounts filed in last 18 months (-5)
  • 1 outstanding charge (-2)

Details

Ground Floor Building A Green Court Truro Business Park, Threemilestone, Truro, TR4 9LF
Incorporated 10/01/2019

Previously known as

Wadebridge Project Ltd · until 05/07/2021

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 28/03/2026

Due 11/04/2027

On track

Industry

41100
Development of building projects

Officers

Richard James Baker

director · Since 10/01/2019

British · England · Age 42

Thomas William David Carr

director · Since 10/01/2019

British · England · Age 42

Persons with Significant Control

Verto Homes Ltd

75–100% shares
75–100% votes

Ground Floor Building A, Truro Business Park, Truro, TR4 9LF

Notified 12/01/2021

Former PSCs

Mr Richard James Pearce

Ceased 12/01/2021

Charges1 outstanding

Charge
outstanding

OAKNORTH BANK PLC

Created 07/10/2024Registered 11/10/2024
Charge
satisfied

LENDCO LIMITED

Created 30/04/2024Registered 30/04/2024Satisfied 14/10/2024
Charge
satisfied

LENDCO LIMITED

Created 02/03/2022Registered 02/03/2022Satisfied 30/04/2024

Change History

statusactive
2026-06-04

Active

typeltd
2026-06-04

Private Limited Company

address line1Ground Floor Building A Green Court Truro Business Park
2026-06-04

GROUND FLOOR BUILDING A GREEN COURT TRURO BUSINESS PARK

post townTruro
2026-06-04

TRURO

officer appointedBAKER, Richard James
2026-06-04
officer appointedCARR, Thomas William David
2026-06-04

CompanyRankvs 44858+ SIC 41100 peers
35

Financial strength37th percentile among SIC peers · 9/25
Employees14th percentile among SIC peers · 2/15
LiquidityCurrent ratio 1× · 12/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength9/25 pts

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

Employees2/15 pts

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

Liquidity12/20 pts

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

Longevity7/15 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

£100

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

£100

Working capital

Current Assets

£3.0M

Current Liabilities

£3.0M

Debtors

£10k

0avg. employees
Prepared with Taxfiler

EstimatesDerived

YearCurrent Ratio
20241.00
20241.00
20231.00
20221.00
20211.00

Derived from filed accounts. Not audited figures.