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Cornish Changeovers Ltd

13498240

active
Private Limited Company
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • 2 outstanding charges (-4)

Details

GRAMBLER FARM, REDRUTH, TR16 5SR
Incorporated 07/07/2021

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

01500
Mixed farming
56102
Unlicensed restaurants and cafes
81222
Specialised cleaning services
96010
Washing and (dry-)cleaning of textile and fur products

Officers

Mr Shaun Ferkin

director · Since 07/07/2021

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 47

Also on 1 other board

Mrs Clare Landry

director · Since 01/07/2023

DIRECTOR OF OPERATIONS

BRITISH · ENGLAND · Age 50

Persons with Significant Control

Mr Shaun Ferkin

50–75% shares
50–75% votes
Appoint directors

British · England · Age 47

Grambler Farm, Sandy Lane, Redruth, TR16 5SR

Notified 07/07/2021

Mrs Clare Landry

Significant control

British · England · Age 50

Grambler Farm, Sandy Lane, Redruth, TR16 5SR

Notified 01/07/2023

Former PSCs

Mr Peter Matthew Warrington

Ceased 08/08/2024

Charges2 outstanding

Charge
outstanding

SWIF SMALLER LOANS LIMITED PARTNERSHIP

Created 18/10/2023Registered 08/11/2023
Charge
outstanding

SWIG FINANCE LIMITED

Created 31/08/2023Registered 31/08/2023

CompanyRankvs 2164+ SIC 01500 peers
51

Financial strength56th percentile among SIC peers · 14/25
Employees98th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.09× · 12/20
Longevity5 years trading (max 15) · 5/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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2164Cornish Changeovers Ltd
60
How is this score calculated?
Financial strength14/25 pts

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

Employees15/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity12/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity5/15 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 31/07/2025

Net Worth

£46k

Balance sheet strength

Cash

£28k

Cash in the bank

Net Current Assets

£14k

Working capital

Current Assets

£171k

Current Liabilities

£157k

Fixed Assets

£167k

Debtors

£74k

23avg. employees

Balance Sheet

Intangible assets£2k
Assets less current liabilities£181k
Prepared with VT Final Accounts

EstimatesDerived

YearCurrent RatioImplied Profit
20251.09+£41k
20240.76-£27k
20230.79-£39k
20220.82—

Derived from filed accounts. Not audited figures.