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M.G.M. Boats Limited

11852498

active
Private Limited Company
Companies House
Health Score
80 / 100

Healthy

30/30
Filing
10/30
Financial
40/40
Risk
  • Negative net worth (-10)

Details

NO 1 PARKSIDE COURT, LICHFIELD, WS13 7FE
Incorporated 28/02/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

50300
Inland passenger water transport

Officers

Nicholas David Thorpe

director · Since 06/09/2022

British

Wendy Bernice Thorpe

director · Since 06/09/2022

British

Former

Roger James Gronow

director · Resigned 06/09/2022

Andrew Clarke Mcintyre

director · Resigned 01/06/2020

Efc

corporate director · Resigned 28/02/2019

CompanyRankvs 2790+ SIC 50300 peers
31

Financial strength4th percentile among SIC peers · 1/25
Employees42th percentile among SIC peers · 6/15
LiquidityCurrent ratio 0.11× · 2/20
Longevity7 years trading (max 15) · 7/15
Filing complianceAll filings up to date · 15/15
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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.

Employees6/15 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.

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

Key FinancialsYear ending 31/08/2025

Net Worth

-£115k

Balance sheet strength

Cash

£27k

Cash in the bank

Net Current Assets

-£304k

Working capital

Current Assets

£37k

Current Liabilities

£341k

Fixed Assets

£190k

Debtors

£10k

1avg. employees

Tax at Year End

Corp tax£11k
VAT£4k

Director Loans

Company owes directors£333k

Balance Sheet

Intangible assets£8k
Assets less current liabilities-£115k
Signed by W B Thorpe 27th October 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioEst. Revenue
20250.11£87k

Derived from filed accounts. Not audited figures.