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Proteus Tidal (Uk) Limited

14229564

active
Private Limited Company
england wales
Companies House
1 outstanding charge
Health Score
68 / 100

Some Concerns

30/30
Filing
0/30
Financial
38/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)
  • 1 outstanding charge (-2)

Details

C/O DWF COMPANY SECRETARIAL SERVICES LIMITED 1 SCOTT PLACE, MANCHESTER, M3 3AA
Incorporated 12/07/2022

Compliance

Last accounts

31/12/2024

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 11/07/2025

Due 25/07/2026

On track

Industry

28110
Manufacture of engines and turbines, except aircraft, vehicle and cycle engines
74100
Specialised design activities

Officers

Mr Drew Blaxland

director · Since 12/07/2022

CHIEF EXECUTIVE OFFICER

AUSTRALIAN · NETHERLANDS · Age 59

Also on 2 other boards

Mr James William Dalrymple

director · Since 12/07/2022

EXECUTIVE CHAIRMAN

BRITISH · UNITED KINGDOM · Age 45

Also on 4 other boards

Persons with Significant Control

Proteus Marine Renewables Limited

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

C/O Dwf Company Secretarial Services Limited, 1 Scott Place, Manchester, M3 3AA

Reg: 14226131 · Companies House · Limited By Shares

Notified 12/07/2022

Charges1 outstanding

A registered charge
outstanding

Innovate UK Loans Limited

Created 06/03/2026Registered 09/03/2026

CompanyRankvs 186+ SIC 28110 peers
26

Financial strength2th percentile among SIC peers · 1/25
Employees92th percentile among SIC peers · 14/15
LiquidityCurrent ratio 0.49× · 2/20
Longevity4 years trading (max 15) · 4/15
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.

Employees14/15 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.

Longevity4/15 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 31/12/2024

Net Worth

-£539k

Balance sheet strength

Cash

£105k

Cash in the bank

Net Current Assets

-£1.9M

Working capital

Current Assets

£1.8M

Current Liabilities

£3.8M

Fixed Assets

£1.7M

Debtors

£1.7M

15avg. employees+2

Balance Sheet

Assets less current liabilities-£227k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.49
20230.84
20221.01

Derived from filed accounts. Not audited figures.