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AQUABLAST LIMITED
AQUABLAST BUILDING, BENACRE ROAD, BECCLES, SUFFOLK, NR34 7TQCompany Number: 02210129
Incorporation date: 11-Jan-1988
Status: Active
Entity type: Private Limited Company
SIC codes:
25620 Machining
77390 Renting and leasing of other machinery, equipment and tangible goods not elsewhere classified
SUMMARY
This company is 36.3 years old and is currently active. It is controlled by Mr Andrew James Watt. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -788.3 thousand which has worsened since the previous year's figure of GBP -739.4 thousand. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -48.9 thousand in the last reported period. The company is both loss making and has negative equity, it is therefore likely to go bankrupt unless it can raise funding or business has improved since the last accounts were filed. Retained earnings is negative (GBP -1.1 million), which means the company has aggregate losses since it's inception or it has paid more dividends than it can afford; given the company's age, this is a sign of serious financial problems. The company has 2 active officers (directors or partners) who are or were officers of 111 other companies, 72 (64.9%) of which have since been dissolved or are proposed for strike off. The company has no public disputes filed on the Business Disputes Register. There are no court cases involving the company that we are aware of.FINANCIALS (BETA)
Next accounts due: 30-Sep-2025Accounts Filed: TOTAL EXEMPTION FULL (31-Dec-2023)
P&L Financials:
| Year end | Currency | Revenue | Operating profit | Interest Received | Interest Paid | Tax | Net Profit GBP |
|---|
Balance Sheet Financials:
| Year end | Currency | Cash | Current Assets | Current Liabilities | Debt | Share Capital | Premium Reserve | Retained Earnings | Net Assets |
|---|---|---|---|---|---|---|---|---|---|
| 31-Dec-2020 | GBP | 2,170 | 246,975 | 1,255,747 | 585,000 | 14,285 | 295,715 | -1,098,268 | -788,268 |
| 31-Dec-2019 | GBP | 4,053 | 306,001 | 1,252,182 | 490,000 | 14,285 | 295,715 | -1,049,384 | -739,384 |
| 31-Dec-2018 | GBP | 1,719 | 411,064 | 1,388,555 | 502,592 | 14,285 | 295,715 | -1,119,569 | -809,569 |
| 31-Dec-2017 | GBP | 4,194 | 464,106 | 1,400,503 | 520,256 | 14,285 | 295,715 | -1,039,267 | -729,267 |
VALUATION EVENTS (BETA)
| Year end | Currency | % Equity | Sum raised | Pre-Money Valuation* | Post-Money Valuation* | Enterprise Value** |
|---|
DISPUTES
No disputes filed on www.disputesregister.orgCOMPANY SECRETARY
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All apointments (active/resigned) |
|---|---|---|---|---|---|---|
| Active | Andrew James WATT | 05 Jul 1996 | 18 Apr 2024 | Quality Manager | British | 5 - 4 |
| Resigned | Gordon George WATT | 14 Jul 1994 | British | 15 - 123 |
DIRECTORS
| Status | Name | Appointed on | Resigned on | Occupation | Nationality | All appointments (active/resigned) |
Dissolved companies (rate) |
|---|---|---|---|---|---|---|---|
| Active | Gordon George WATT | 05 Feb 2010 | Chairman | British | 15 - 123 | 87 (63.0%) | |
| Resigned | Evangelos LAMBROU | 04 Aug 2006 | 01 Oct 2009 | Marine Corrosion Engineer | Greek | 0 - 1 | 0 (0.0%) |
| Resigned | Alastair Stephen BURIAN | 01 May 1996 | 20 Mar 1998 | Management Consultant | British | 0 - 11 | 3 (27.3%) |
| Resigned | Jozef Stefanus Christiaan BOTHA | 24 Mar 1993 | 06 Nov 1997 | Technical Manager | South African | 0 - 2 | 0 (0.0%) |
| Active | Andrew James WATT | 24 Mar 1993 | Operations Director | British | 5 - 4 | 4 (44.4%) | |
| Active | Donald Charles BLAIR | Managing Director | British | 3 - 2 | 2 (40.0%) | ||
| Resigned | David Leslie MANSFIELD | 14 Jul 1994 | Director | British | 0 - 1 | 0 (0.0%) | |
| Active | Gordon George WATT | Chairman | British | 15 - 123 | 87 (63.0%) |
Average tenure of active directors: 11.3 years
Average tenure of resigned directors: 2.4 years
Average active director Dissolution Rate: 52.6%
DIRECTOR APPOINTMENTS IN OTHER COMPANIES
SHAREHOLDERS (BETA)
No shareholder data available
SHAREHOLDINGS (BETA)
no shareholding data
CONTROLLED COMPANIES / CONTROLLING ENTITIES
Controlling entities above
AQUABLAST LIMITED
no controlled companies
LATE PAYMENTS REPORT
This company has not filed any late payment reports possibly because it is not considered \'Large\'.
COURT CASES
No Court Cases found
PATENTS
COMPETITORS
(Based on Sic code:
25620 Machining)
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|---|---|---|---|---|---|---|
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| LONG & MARSHALL LIMITED | 1 HAYWARD BUSINESS CENTRE, NEW LANE, HAVANT, HAMPSHIRE, PO9 2NL | 01307835 | 2018-07-31 | 2,043,077 | 0 | |
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25990-Manufacture of other fabricated metal products not elsewhere classified 32990-Other manufacturing not elsewhere classified |
| DYNAC UK LIMITED | CHARRINGTON PARK, WEST CARR LANE, HULL, EAST YORKSHIRE, HU7 0BW | 07715647 | 0000-00-00 | 0 | 0 | |
| GLADETREE LIMITED | PINDEN, MILE END GREEN, DARTFORD, KENT, DA2 8EA | 00512816 | 0000-00-00 | 0 | 0 | |
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LIQUIDATION RISK (BETA)
This company is Active. Statistically, Active companies have a low probability of being liquidated within a year.
Here are our probability predictions:
| Basis | Liquidation within 3 months | Liquidation within 6 months | Liquidation within 12 months | Prediction confidence |
|---|---|---|---|---|
| AQUABLAST LIMITED | 0.7% | 3.6% | 7.1% | Medium |
| Other companies Active in the same sector | 0.4% | 2.7% | 3.8% | Medium |
| Age | 0.3% | 1.3% | 2.4% | Medium |
| Company Type | 0.7% | 3.7% | 7.4% | Medium |
| Accounts category | 0.5% | 2.1% | 4.2% | Medium |
| Accounting Month | 0.6% | 2.4% | 5.5% | Medium |
| Sic code count | 0.8% | 3.8% | 7.5% | Medium |
