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Cornish Blue Ltd

12151962

active
Private Limited Company
Companies House
Health Score
64 / 100

Some Concerns

30/30
Filing
0/30
Financial
34/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

THE GATE, LOOE, PL13 2JS
Incorporated 12/08/2019

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

55209
Other holiday and short-stay accommodation

Officers

Mr Richard Mark Codgbrook

director · Since 12/08/2019

MANAGER

ENGLISH · ENGLAND · Age 45

Also on 3 other boards

Mr Jonathon George Watts

director · Since 12/08/2019

MANAGER

ENGLISH · ENGLAND · Age 33

Persons with Significant Control

Mr Jonathon George Watts

25–50% shares
25–50% votes
Appoint directors

English · England · Age 33

The Gate, Polperro Road, Looe, PL13 2JS

Notified 12/08/2019

Mr Richard Mark Codgbrook

25–50% shares
25–50% votes
Appoint directors

English · England · Age 45

The Gate, Polperro Road, Looe, PL13 2JS

Notified 12/08/2019

Charges3 outstanding

Charge
outstanding

INTERBAY FUNDING LTD

Created 08/07/2025Registered 09/07/2025
Charge
outstanding

INTERBAY FUNDING LTD

Created 08/07/2025Registered 09/07/2025
Charge
outstanding

ASSETZ CAPITAL TRUST COMPANY LIMITED

Created 19/12/2019Registered 23/12/2019

CompanyRankvs 6207+ SIC 55209 peers
26

Financial strength4th percentile among SIC peers · 1/25
Employees71th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.02× · 2/20
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 strength1/25 pts

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

Employees11/15 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

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2025

Net Worth

-£104k

Balance sheet strength

Cash

£2k

Cash in the bank

Net Current Assets

-£608k

Working capital

Current Assets

£12k

Current Liabilities

£620k

Fixed Assets

£913k

Debtors

£7k

2avg. employees

Balance Sheet

Assets less current liabilities£305k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.02-£9k
20240.08+£6k
20230.07-£35k
20220.05+£39k
20210.04-£67k
20200.03

Derived from filed accounts. Not audited figures.