WCS FISHING LTD

COOMBE FISHERIES RIVERSIDE ROAD, POTTINGTON BUSINESS PARK, BARNSTAPLE, DEVON, EX31 1QN

Company Number: 07742210
Incorporation date: 16-Aug-2011
Status: Active - Proposal to Strike off
Entity type: Private Limited Company

SIC codes:
03110 Marine fishing





SUMMARY

This company is 12.6 years old and is currently active - proposal to strike off. 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 -1.6 thousand which has worsened since the previous year's figure of GBP 10.4 thousand. Although the P&L is not published, we can infer from the Balance Sheet that net profit (less dividends) was GBP -12 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 -1.8 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-May-2024
Accounts Filed: TOTAL EXEMPTION FULL (31-Aug-2022)


P&L Financials:
Year end Currency Revenue Operating profit Interest Received Interest Paid Tax Net Profit GBP
31-Aug-2019 GBP -17,978
31-Aug-2018 GBP 128,800
31-Aug-2017 GBP 161,786
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-Aug-2022 GBP 1,019 1,019 2,618 150 -1,799 -1,599
31-Aug-2021 GBP 8,322 16,073 5,664 150 10,209 10,409
31-Aug-2020 GBP 32,979 50,979 29,576 150 21,203 21,403
31-Aug-2019 GBP 116,122 141,928 17,503 200 244,225 244,425
31-Aug-2018 GBP 21,488 50,825 157,389 236,544 200 262,203 262,403
31-Aug-2017 GBP 66,612 75,520 244,967 314,763 200 133,403 133,603
31-Aug-2016 GBP 33,624 302,618 392,824 -28,183
31-Aug-2015 GBP 5,312 15,832 123,676 588,140 200 -55,043 -54,843
31-Aug-2014 GBP 1,476 57,950 163,776 623,340 200 -91,219 -91,019
31-Aug-2013 GBP 33,295 134,050 571,223 200 -28,210 -28,010
31-Aug-2012 GBP 17,616 21,103 67,364 592,311 100 16,700 16,800

VALUATION EVENTS (BETA)

Year end Currency % Equity Sum raised Pre-Money Valuation* Post-Money Valuation* Enterprise Value**
31-Aug-2020 GBP -33.33% -50 200 150 -74,376
31-Aug-2017 GBP 100.00% 200 0 200 320,588
31-Aug-2016 GBP inf% -200 200 0 487,926
31-Aug-2013 GBP 50.00% 100 100 200 573,109
* 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)
No information on secretary appointments

DIRECTORS


Status Name Appointed on Resigned on Occupation Nationality All appointments
(active/resigned)
Dissolved companies
(rate)
Resigned SEABUOY LIMITED 02 Dec 2016 09 Mar 2020 0 - 11 (100.0%)
Resigned? Richard Alexander Charles SPEAR 16 Aug 2011 Company Director British 7 - 32 (20.0%)
Resigned? Anthony David James SPEAR 16 Aug 2011 Company Director British 4 - 22 (33.3%)
Resigned Iain John SPEAR 16 Aug 2011 30 Mar 2023 Company Director British 0 - 123 (25.0%)
Resigned Kate MCLEOD 16 Aug 2011 09 Mar 2020 Company Director British 0 - 31 (33.3%)
Resigned Peter MCLEOD 16 Aug 2011 09 Mar 2020 Company Director British 0 - 21 (50.0%)
Resigned Graham Robertson STEPHENS 16 Aug 2011 16 Aug 2011 Company Formation Agent British 0 - 32871404 (42.7%)
Resigned MERMAID TRAWLER COMPANY LIMITED 16 Aug 2011 02 Dec 2016 0 - 11 (100.0%)
No director information in our Database

DIRECTOR APPOINTMENTS IN OTHER COMPANIES

No information on directors in other companies.

SHAREHOLDERS (BETA)

No shareholder data available

SHAREHOLDINGS (BETA)

no shareholding data

CONTROLLED COMPANIES / CONTROLLING ENTITIES



Controlling entities above

WCS FISHING LTD

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: 03110 Marine fishing)

Company Registered Address Company Number YE Date Revenue GBP Net Profit GBP Other SIC codes
J. MARR (SEAFOODS) LIMITED LIVINGSTONE ROAD, HESSLE, EAST YORKSHIRE, HU13 0EE 00199160 2018-03-31 370,755,000 5,936,000
FASTNET FISH LIMITED LIVINGSTONE ROAD, HESSLE, HULL, EAST YORKSHIRE, HU13 0EE 02091078 2018-03-31 133,783,000 1,649,000
BASONAS LIMITED VIEWLANDS, COLDHARBOUR, DORKING, SURREY, RH5 6HJ 04963678 2017-12-31 3,074,283 0
UNITED EXPORTS LTD VIEWLANDS BROOMEHALL ROAD, COLDHARBOUR, DORKING, SURREY, RH5 6HJ 04898733 2017-12-31 1,599,250 0
D. I. LAMONT & CO. LTD ROCKCLIFFE, EAST BAY, MALLAIG, INVERNESS-SHIRE, SCOTLAND, PH41 4QF SC427893 2018-06-30 1,313,764 0 82990-Other business support service activities not elsewhere classified
PRICE TRAWLERS NI LTD SUITE 5 ORMEAU HOUSE, 91-97 ORMEAU ROAD, BELFAST, NORTHERN IRELAND, BT7 1SH NI635566 2018-03-31 388,457 0
MFV DAWN MAID LIMITED 8A BALISCATE, TOBERMORY, ISLE OF MULL, PA75 6QA SC382336 2017-07-31 367,533 0
DAVEY SEAFISH LIMITED 16 ROSE WALK, GORING-BY-SEA, WORTHING, WEST SUSSEX, BN12 4AU 07779600 2018-05-31 342,371 0
POLPERRO FISH COMPANY LIMITED WARREN HOUSE THE WARREN, POLPERRO, LOOE, CORNWALL, PL13 2RB 07838205 2018-12-31 220,268 0
OUR LASS FISHING LIMITED ROSEBANK THE AVENUE, RUSWARP, WHITBY, N YORKS, UNITED KINGDOM, YO21 1NG 10793001 2019-05-29 161,371 0
M W S FISHING LTD 74A HIGH STREET WANSTEAD, LONDON, E11 2RJ 08570319 2018-06-30 102,042 0
SEA BREEZE (SOLENT) LIMITED BRITANNIA ACCOUNTANCY & TAX SERVICES LTD, A66 & A69, THE SANDERSON CENTRE LEES LANE, GOSPORT, HAMPSHIRE, PO12 3UL 06295017 2018-03-31 61,323 0
STEVEN GRIFFITHS LTD 29 GLYNDERWEN ROAD, LLANELLI, WALES, SA14 9NF 07039507 2018-10-31 57,721 0
FAIRCATCH LTD 80 GERALDINE ROAD, GERALDINE ROAD, LONDON, SW18 2NL 09101022 2018-06-30 11,520 0
ASC MARINE LTD 1 LUDI, BRIDGE END, BURRA ISLE, SHETLAND, SCOTLAND, ZE2 9LD SC520478 2018-11-30 8,892 0 50100-Sea and coastal passenger water transport
52220-Service activities incidental to water transportation
HEADLAND SMALL BOATS LIMITED 4 KESTEVEN ROAD, HARTLEPOOL, TS25 2NT 03577001 2018-06-30 5,050 0
B&W FISHING LIMITED CALEY FISHERIES LIMITED, SOUTH PIER, GALLANACH ROAD, OBAN, ARGYLL, PA34 4LS SC356536 2018-03-31 0 0
FISH TRADER LIMITED 13 COLDSTONE AVENUE, KINGSWELLS, ABERDEEN, AB15 8TT SC202651 2017-12-31 0 0
GENESIS TRAWLER LIMITED 28 WILTON ROAD, BEXHILL-ON-SEA, EAST SUSSEX, TN40 1EZ 05383268 2018-03-31 0 0
CALEY FISHERIES LIMITED 5-8 BRIDGE STREET, PETERHEAD, SCOTLAND, AB42 1DH SC019185 0000-00-00 0 0
OCEAN HOLDINGS SOUTH WEST LTD UNITS 2A/2B VICTORIA BUSINESS PARK, ROCHE, ST. AUSTELL, CORNWALL, UNITED KINGDOM, PL26 8LX 11504396 0000-00-00 0 0 10200-Processing and preserving of fish, crustaceans and molluscs
46380-Wholesale of other food, including fish, crustaceans and molluscs
64201-Activities of agricultural holding companies
TYLER FISHING COMPANY LTD. GOLDWELLS LTD, 37 BROAD STREET, PETERHEAD, ABERDEENSHIRE, AB42 1JB SC259498 0000-00-00 0 0
VISTGATE LIMITED UNIT 2A/2B VICTORIA BUSINESS PARK, ROCHE, ST. AUSTELL, ENGLAND, PL26 8LX 01478179 0000-00-00 0 0 10200-Processing and preserving of fish, crustaceans and molluscs
46380-Wholesale of other food, including fish, crustaceans and molluscs

LIQUIDATION RISK (BETA)



This company is Active - Proposal to Strike off. 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 71.1% 73.9% 76.8% High
Other companies Active in the same sector 0.6% 2.6% 3.8% Medium
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 1.1% 4.7% 11.8% Medium
Sic code count 0.7% 3.5% 7.0% Medium
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