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Wetwheels Torbay Cic

15455651

active
Community Interest Company
england wales
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Loss before tax (-10)
  • Current liabilities exceed current assets (-10)

Details

OCEAN CRESCENT C/O BATTERBEE THOMPSON & CO, PLYMOUTH, PL1 3AD
Incorporated 31/01/2024

Compliance

Last accounts

31/01/2025

total exemption full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 30/01/2026

Due 13/02/2027

On track

Industry

50100
Sea and coastal passenger water transport

Officers

Mrs Michelle Louise Brown

director · Since 31/01/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 44

Mr Greg Kirkpatrick

director · Since 31/01/2024

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 42

Mr Ian James Payne

director · Since 21/01/2026

BRITISH · ENGLAND · Age 70

Mr Russell Alexander Smart

director · Since 01/02/2026

BRITISH · ENGLAND · Age 62

Also on 1 other board

Persons with Significant Control

Mrs Michelle Louise Brown

Appoint directors

British · England · Age 44

Ocean Crescent, C/O Batterbee Thompson & Co, Plymouth, PL1 3AD

Notified 31/01/2024

Mr Greg Kirkpatrick

Significant control

British · England · Age 42

Ocean Crescent, C/O Batterbee Thompson & Co, Plymouth, PL1 3AD

Notified 31/01/2024

Mr Ian James Payne

Significant control

British · England · Age 70

Ocean Crescent, C/O Batterbee Thompson & Co, Plymouth, PL1 3AD

Notified 21/01/2026

Mr Russell Alexander Smart

Significant control

British · England · Age 62

Ocean Crescent, C/O Batterbee Thompson & Co, Plymouth, PL1 3AD

Notified 01/02/2026

Former PSCs

Mr Russell Alexander Smart

Ceased 31/01/2026

CompanyRankvs 623+ SIC 50100 peers
34

Financial strength27th percentile among SIC peers · 7/25
Employees20th percentile among SIC peers · 3/15
LiquidityCurrent ratio 0.98× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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How is this score calculated?
Financial strength7/25 pts

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

Employees3/15 pts

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

Liquidity6/20 pts

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

Longevity3/15 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 31/01/2025

Turnover

£29k

Annual revenue

Net Worth

-£176

Balance sheet strength

Cash

£9k

Cash in the bank

Profit Before Tax

-£176

Bottom line earnings

Net Current Assets

-£176

Working capital

Current Assets

£10k

Current Liabilities

£10k

Debtors

£383

Cost of Sales

£11k

Gross Profit

£19k

Admin Expenses

£19k

Operating Profit

£188

0avg. employees

Balance Sheet

Assets less current liabilities-£176
Prepared with Companies House

EstimatesDerived

YearCurrent Ratio
20250.98

Derived from filed accounts. Not audited figures.