WAHOO RIBS LIMITED

LEONARD CURTIS HOUSE ELMS SQUARE BURY NEW ROAD, WHITEFIELD, GREATER MANCHESTER, M45 7TA

Company Number: 05962834
Incorporation date: 11-Oct-2006
Status: Liquidation
Entity type: Private Limited Company

SIC codes:
30120 Building of pleasure and sporting boats





SUMMARY

This company is 17.5 years old and is currently liquidation. It is controlled by multiple entities. No P&L financials are available but there is Balance Sheet data. The company has negative equity (net assets) of GBP -231.5 thousand which has worsened since the previous year's figure of GBP -222.4 thousand. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -9.1 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 -581.6 thousand), 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 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: 31-Jan-2024
Accounts Filed: TOTAL EXEMPTION FULL (31-Oct-2021)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
No P&L data available


Balance Sheet Financials:
Year end Currency Cash Current Assets Current Liabilities Debt Share Capital Premium Reserve Retained Earnings Net Assets
31-Oct-2021 GBP 1,318 1,318 194,656 38,136 1,176 348,999 -581,649 -231,474
31-Oct-2020 GBP 1,111 45,604 222,127 45,833 1,176 348,999 -572,531 -222,356
31-Oct-2019 GBP 90 44,583 253,766 1,176 348,999 -559,301 -209,126
31-Oct-2018 GBP 92 149,813 322,145 1,176 348,999 -514,864 -164,689
31-Oct-2017 GBP 91 329,431 843,778 856 199,786 -664,808 -464,166
31-Oct-2016 GBP 5,370 553,007 954,939 642 -373,863 -373,221
31-Oct-2015 GBP 4,158 307,262 629,059 642 -280,434 -279,792
31-Oct-2014 GBP 2,788 347,613 664,302 642 -262,872 -262,230
31-Oct-2013 GBP 120,190 366,265 723,968 600 -357,618 -357,018
31-Oct-2012 GBP 79,797 386,624 600 -307,253 -306,653

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Oct-2018 GBP 27.21% 149,533 400,001 549,534 474,676
31-Oct-2017 GBP 25.00% 200,000 600,000 800,000 697,270
31-Oct-2014 GBP 6.54% 42 600 642 -60,868
* Average valuation during the period
** Estimated based on average Cash and Debt levels during period

DISPUTES

No disputes filed on www.disputesregister.org

COMPANY SECRETARY


Status Name Appointed on Resigned on Occupation Nationality All apointments
(active/resigned)
Active Paul William HOLLAND 11 Oct 2006 28 Mar 2024 Independant Financial Advisor British 5 - 23

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Resigned Timothy Robert LINCOLN 14 Sep 2017 29 May 2019 Company Director British 12 - 196 (19.4%)
Resigned Nicholas James BAND 01 Jul 2014 17 Jun 2015 Company Director English 1 - 148 (53.3%)
Resigned Claire Louise HOLLAND 11 Nov 2006 14 Sep 2017 Company Director British 1 - 21 (33.3%)
Resigned TEMPLE SECRETARIES LIMITED 11 Oct 2006 11 Oct 2006 4 - 4989523992 (48.1%)
Resigned Julian Stephen WILLMOTT 11 Oct 2006 18 Oct 2021 Boat Repairs Company Proprieto British 1 - 32 (50.0%)
Resigned Tara Julia WILLMOTT 11 Oct 2006 14 Sep 2017 Photographer British 0 - 22 (100.0%)
Resigned COMPANY DIRECTORS LIMITED 11 Oct 2006 11 Oct 2006 1 - 4332921235 (49.0%)
Active Paul William HOLLAND 11 Oct 2006 Independant Financial Advisor British 5 - 2317 (60.7%)
Number of active directors: 1
Average tenure of active directors: 17.5 years
Average tenure of resigned directors: 5.6 years
Average active director Dissolution Rate: 60.7%

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

Name
 
BLACKFINCH INVESTMENTS LIMITED (02705948) - Active
NEVILLE JAMES INVESTMENTS LIMITED (02753282) - Dissolved
ONLINE POLICIES LIMITED (02774537) - Dissolved
NEVILLE JAMES HOLDINGS LIMITED (02776956) - Dissolved
SYNAPTIC SOFTWARE LIMITED (03136234) - Active
HOLLAND PRICE ESTATES & FINANCIAL PLANNING LIMITED (03712239) - Dissolved
SURVEYFINDER LTD (05083527) - Dissolved
BSQFA LIMITED (05313715) - Active
SPITBANK FORT LIMITED (05452130) - Dissolved
MAILOCK LIMITED (05763590) - Active
WAHOO RIBS LIMITED (05962834) - Liquidation
MASTERLIST LIMITED (06297980) - Active
ALLMYPLANS.COM LIMITED (06433561) - Dissolved
MXAMP.COM LIMITED (06969855) - Dissolved
RUNPATH MARKETING LIMITED (07475194) - Active
BLOOMSBURY SQUARE MANAGEMENT LIMITED (07566169) - Dissolved
ZIRAH LIMITED (08807145) - Dissolved
BEYOND ENCRYPTION LTD (08814096) - Active
DIRECTXPERT.COM LIMITED (09193395) - Dissolved

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

WAHOO RIBS 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


No Patents found

COMPETITORS

(Based on Sic code: 30120 Building of pleasure and sporting boats)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
PRINCESS YACHTS LIMITED NEWPORT STREET, STONEHOUSE, PLYMOUTH, DEVON, PL1 3QG 00856633 2017-12-31 274,446,000 10,187,000
PENDENNIS SHIPYARD LIMITED THE DOCKS, FALMOUTH, CORNWALL, TR11 4NR 02990094 2017-12-31 51,121,734 2,969,121
WILLIAMS JET TENDERS LIMITED UNIT 2 VOGUE BUSINESS PARK, TOWER ROAD, BERINSFIELD WALLINGFORD, OXON, OX10 7LN 05227633 2017-12-31 18,878,112 0
RICHARDSONS LEISURE LIMITED RICHARDSONS BOATYARD, THE STAITHE, STALHAM NORWICH, NORFOLK, NR12 9BX 00685774 2017-09-29 12,361,380 2,535,579 55201-Holiday centres and villages
56302-Public houses and bars
93290-Other amusement and recreation activities not elsewhere classified
ROBUST BOATS LIMITED UNIT 1, GLASFRYN ROAD BUSINESS PARK UNIT 1, GLASFRYN ROAD BUSINESS PARK, GLASFRYN ROAD, ST DAVIDS, PEMBROKESHIRE, WALES, SA62 6FH 08138490 2017-07-31 371,890 0
GREAT HAYWOOD MARINE SERVICES LIMITED THE WORKSHOP GREAT HAYWOOD, MARINA MILL LANE, GREAT HAYWOOD, STAFFS, ST18 0RQ 06261322 2018-09-30 238,193 0
YACHT MAYER LIMITED SWITCH ACCOUNTING ENTERPRISE HOUSE, OCEAN WAY, SOUTHAMPTON, ENGLAND, SO14 3XB 10741980 2019-03-31 55,315 0
WESTON CANOES LIMITED MERRYDALE MORTON LANE, WESTON LONGVILLE, NORWICH, UNITED KINGDOM, NR9 5JL 09527833 2019-03-31 47,564 0
BESPOKE CARBON SOLUTIONS LIMITED 2 THE PRECINCT, REST BAY, PORTHCAWL, MID GLAMORGAN, CF36 3RF 09258168 2018-09-30 31,381 0
JOE WRIGHT COMPOSITES LTD 47 TESTWOOD ROAD, SHIRLEY, SOUTHAMPTON, HAMPSHIRE, SO15 8RN 08495486 2018-06-04 20,300 0
M JENNINGS & CO LTD UNIT 2 WESTFIELD COURT, BARNS GROUND, CLEVEDON, NORTH SOMERSET, ENGLAND, BS21 6FQ 07109597 2018-11-13 20,037 0 59113-Television programme production activities
74100-specialised design activities
90030-Artistic creation
WINCHESTER YACHTS LIMITED SULLIVAN COURT 3 WESSEX BUSINESS PARK, WESSEX WAY, COLDEN COMMON, WINCHESTER, HAMPSHIRE, ENGLAND, SO21 1WP 06796606 2019-01-31 10,000 0
YACHT EUROPE LTD 10 FURZE WALK, NORTHAMPTON, UNITED KINGDOM, NN2 7LN 10577060 2018-01-31 7,908 0
DUMA CATAMARANS LIMITED JACKSON HOUSE, PROUT INDUSTRIAL ESTATE, POINT ROAD, CANVEY ISLAND, ESSEX, ENGLAND, SS8 7TJ 09275849 2018-10-31 6,695 0
OTTER BOATS LTD 1 KILDERKIN WAY, NORWICH, ENGLAND, NR1 1RD 04009497 2018-11-30 500 0
MAPLE YACHTS LIMITED THE ORANGERY GREEN LANE, RINGMER, LEWES, EAST SUSSEX, ENGLAND, BN8 5AD 03402977 2018-07-31 0 0
PENDENNIS SHIPYARD (HOLDINGS) LIMITED THE DOCKS, FALMOUTH, CORNWALL, TR11 4NR 02281468 0000-00-00 0 0

LIQUIDATION RISK (BETA)



This company is Liquidation. Statistically, such companies have a VERY HIGH 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
Company status 100.0% 99.4% 99.9% High
Other companies Active in the same sector Too few competitors
Age 0.4% 1.7% 3.3% Medium
Company Type 0.7% 3.7% 7.4% Medium
Accounts category 0.5% 2.1% 4.2% Medium
Accounting Month 0.6% 4.4% 12.0% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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