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Submerge Wallets Ltd

13021965

activeactive proposal to strike off
ltd
england wales
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)

Details

Fields-Afar East End, Marshfield, Chippenham, SN14 8NU
Incorporated 15/11/2020

Compliance

Last accounts

30/11/2024

dormant

Next accounts due

31/08/2026

On track

Confirmation statement

Last: 15/11/2025

Due 29/11/2026

On track

Industry

47640
Retail sale of sports goods, fishing gear, camping goods, boats and bicycles

Officers

Mr Ronan Zak Finnegan

director · Since 15/11/2020

COMPANY DIRECTOR

IRISH · ENGLAND · Age 31

Also on 2 other boards

Mrs Paula Anne Catherine Finnegan

director · Since 19/03/2022

COMPANY DIRECTOR

IRISH · ENGLAND · Age 62

Ronan Zak Finnegan

director · Since 15/11/2020

Irish · England · Age 31

Paula Anne Catherine Finnegan

director · Since 19/03/2022

Irish · England · Age 62

Persons with Significant Control

Mr Ronan Zak Finnegan

75–100% shares
75–100% votes
Appoint directors

Irish · England · Age 31

Fields-Afar, East End, Chippenham, SN14 8NU

Notified 15/11/2020

Change History

officer appointedFINNEGAN, Paula Anne Catherine
2026-06-15
officer appointedFINNEGAN, Ronan Zak
2026-06-15
statusactive
2026-06-15

Active

typeltd
2026-06-15

Private Limited Company

address line1Fields-Afar East End
2026-06-15

FIELDS-AFAR EAST END

post townChippenham
2026-06-15

CHIPPENHAM

CompanyRankvs 6048+ SIC 47640 peers
28

Financial strength12th percentile among SIC peers · 3/25
Employees15th percentile among SIC peers · 2/15
LiquidityCurrent ratio 0.05× · 2/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength3/25 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.

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.

Longevity6/15 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 30/11/2024

Net Worth

-£17k

Balance sheet strength

Cash

Cash in the bank

Net Current Assets

-£18k

Working capital

Current Assets

£989

Current Liabilities

£19k

Fixed Assets

£379

0avg. employees

Balance Sheet

Assets less current liabilities-£17k
Signed by 1.12.23Prepared with Company Accounts and Tax Online

EstimatesDerived

YearCurrent RatioImplied Profit
20240.05-£2k
20230.06-£1k
20220.07-£2k
20210.18

Derived from filed accounts. Not audited figures.