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The Terrace Isle Of Wight Limited

11787237

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Going concern doubt noted in accounts (-10)

Details

MERLIN HOUSE BRUNEL ROAD, READING, RG7 4AB
Incorporated 25/01/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants

Officers

Mr Philip Robert Keen

director · Since 04/01/2020

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 72

Mr Thomas Michael Fahey

director · Since 13/03/2020

COMPANY DIRECTOR

BRITISH · UNITED KINGDOM · Age 49

Also on 1 other board

Persons with Significant Control

Mr Philip Robert Keen

75–100% shares
75–100% votes

British · England · Age 72

Merlin House, Brunel Road, Reading, RG7 4AB

Notified 04/01/2020

Former PSCs

Mr Gregory Bailey

Ceased 04/01/2020

Mr William James Bailey

Ceased 13/03/2020

Charges0 outstanding

Charge
satisfied

BARCLAYS SECURITY TRUSTEE LIMITED

Created 08/04/2019Registered 11/04/2019Satisfied 09/04/2020

CompanyRankvs 8666+ SIC 56101 peers
48

Financial strength84th percentile among SIC peers · 21/25
Employees89th percentile among SIC peers · 13/15
LiquidityCurrent ratio 0.12× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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8666The Terrace Isle Of Wight Limited
58
How is this score calculated?
Financial strength21/25 pts

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

Employees13/15 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.

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

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

cast significant doubt about the ability of the company to continue as a going concern. Turnover Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts. Income is recognised at the point of sale, when bar and food

Key FinancialsYear ending 31/03/2025

Net Worth

£76k

Balance sheet strength

Cash

£34k

Cash in the bank

Net Current Assets

£346k

Working capital

Current Assets

£49k

Current Liabilities

£394k

Fixed Assets

£286k

Debtors

£6k

21avg. employees-4

Balance Sheet

Intangible assets£2k
Assets less current liabilities£60k
Prepared with Capium Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.12-£19k
20240.09-£82k
20230.05+£234k
20220.09-£555
20210.20-£13k
20200.46—

Derived from filed accounts. Not audited figures.