Turntide Transport Limited
13289543
Some Concerns
- No accounts filed in last 18 months (-5)
- Negative net worth (-10)
- Loss before tax (-10)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Accounts
Confirmation statement
Industry
Officers
director · Since 11/06/2024
CHIEF EXECUTIVE
AMERICAN · UNITED STATES · Age 60
Also on 7 other boards
Persons with Significant Control
Turntide Technologies Inc
1295, Forgewood Avenue, Sunnyvale
Notified 27/11/2023
Former PSCs
Turntide Technologies Inc
Ceased 24/03/2021
Mr Ryan Jeffrey Morris
Ceased 27/11/2023
Charges1 outstanding
AVENUE VENTURE OPPORTUNITIES FUND II, L.P. (AS SECURITY TRUSTEE FOR THE SECURED PARTIES (AS DEF
CompanyRankvs 44138+ SIC 64209 peers17
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How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
Outstanding charges: -10 pts
Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.
Going Concern Doubt
any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group's and parent company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the directors with respect to
Key FinancialsYear ending 31/12/2024
Net Worth
-£6.3M
Balance sheet strength
Cash
£1.8M
Cash in the bank
Profit Before Tax
-£14.4M
Bottom line earnings
Net Current Assets
-£7.0M
Working capital
Current Assets
£40.9M
Current Liabilities
£47.9M
Fixed Assets
£8.4M
Debtors
£1.2M
Cost of Sales
£15.9M
Admin Expenses
£20.8M
Profit After Tax
-£12.1M
Tax at Year End
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio | Implied Profit |
|---|---|---|
| 2024 | 0.85 | -£74.9M |
| 2023 | 0.82 | +£0 |
| 2022 | 0.78 | +£0 |
| 2021 | 0.62 | — |
Derived from filed accounts. Not audited figures.