Company Overview
Subsea Protection Systems Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Wednesday 01 May 1991, so this is a well established company. Subsea Protection Systems Limited has been in business for 34 years and 11 months. The accounts status is small and the accounts are next due on Wednesday 31 December 2025.
Registered Address

Sps House Holmes Wharf, 225 Southtown Road, Great Yarmouth, Norfolk, NR31 0JJ
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Companies House Data
Company NameSUBSEA PROTECTION SYSTEMS LIMITED
Company Number02606806
Registered Office AddressSps House Holmes Wharf
 225 Southtown Road
 NR31 0JJ
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date01/05/1991
Accounting Reference Date Day31
Accounting Reference Date Month3
Accounts Next Due Date31/12/2025
Accounts Last Made Up Date31/03/2024
Accounts Account CategorySMALL
Returns Next Due Date29/05/2017
Returns Last Made Up Date01/05/2016
Directors & Members
Show Resigned
Mark Buckle - Director
(British, 64 years old, born March 1962)
Appointed 03 July 1997
Active
Stuart Gibbs - Director
(British, 53 years old, born May 1973)
Appointed 30 March 2007
Active
Frederick Rogers - Director
(British, 81 years old, born June 1945)
Appointed 01 May 1996
Active
Andrew Rogers - Director
(British, 57 years old, born January 1969)
Appointed 21 December 2007
Active
Secretaries
Show Resigned
Stuart Gibbs - Secretary
(British)
Appointed 30 March 2007
Active
Balance Sheet Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2011 31-Mar-2010
Balance Sheet
Fixed Assets 252,946 252,946 224,522
Current Assets 2,281,079 2,281,079 1,507,339
Creditors Due Within One Year 1,951,707 1,951,707 1,238,266
Working Cap 329,372 329,372 269,073
Total Assets Less Current Liabilities 582,318 582,318 493,595
Long-term Liabilities 48,440 48,440 24,234
Net Assets 533,878 533,878 469,361
Share Capital & Reserves
Share Cap 10,000 10,000 10,000
Profit & Loss Reserves 523,878 523,878 459,361
Other Reserves 0 0 0
Shareholders Funds 533,878 533,878 469,361
Common Size Financial Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2011 31-Mar-2010
Tangible Fixed Assets - - -
Fixed Assets 10.0% 10.0% 13.0%
Stocks Inventory 29.7% 29.7% 24.8%
Debtors 60.2% 60.2% 60.2%
Cash Bank In Hand 0.2% 0.2% 2.1%
Current Assets 90.0% 90.0% 87.0%
Creditors Due Within One Year 77.0% 77.0% 71.5%
Net Current Assets Liabilities 13.0% 13.0% 15.5%
Creditors Due After One Year 0.0% 0.0% 0.0%
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability 21.1% 21.1% 27.1%
Called Up Share Capital 0.4% 0.4% 0.6%
Share Capital Allotted Called Up Paid 0.4% 0.4% 0.6%
Profit Loss Account Reserve 20.7% 20.7% 26.5%
Shareholder Funds 21.1% 21.1% 27.1%
Capital Employed - - -
Total Assets Less Current Liabilities 23.0% 23.0% 28.5%
Financial Ratio Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2011 31-Mar-2010
Liquidity Ratio 1.2 1.2 1.2
Solvency Ratio 1.3 1.3 1.4
Reserves to Assets 0.2 0.2 0.3
Secured Creditors Unlock full report
Mortgages Charges 3
Mortgages Outstanding 3
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 31-Mar-2024 31-Mar-2011 31-Mar-2010
Assets 2,534,025 2,534,025 1,731,861
Debt 2,000,147 2,000,147 1,262,500
Net Assets/Debt 533,878 533,878 469,361

The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.

The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

Unlock full report  The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.   The following is based on the accounts data presented in this report sourced from Companies House, however the company has filed later accounts. Our analysis of the latest account can be viewed by unlocking our full report.The current section of the balance sheet has positive working capital. We would normally consider this positively. Total reserves including retained profitability and movement in reserves appeared positive. We would normally view a company positively for this. The amount of net assets suggests sufficient cover for total debts and obligations for the size of the company inferred by the balance sheet. The latest accounts are not up-to-date. Later accounts are now overdue. Late filing is not a positive factor. Analysis based on the latest figures available must be taken in the context that the figures are not up-to-date.

This review of public record balance sheet and company status information is presented under the terms of Open Government Licence and is for informational purposes only, is general in nature, and is not intended as an opinion or advice for any specific circumstances. The commentary and the colour band score is not a credit rating or credit risk assessment.

This review does not constitute a full credit rating or credit risk assessment based on the full analysis and credit score algorithms used in our credit reports. A full credit report may also provide information relating to trade payment history and county court or court judgments if any.

Public Record Information Unlock full report
Exact Court Judgements
Period of Months Last 12m 13-24m 25-36m 37-48m 49-60m 61-72m
Number of Exact CCJS X Y Y X X Y
Value of Exact CCJS YXY YK S S X KX
Supplier Credit Limits Unlock full report
Date Sector Notified Amount Terms
XK-SXY XKXYXK SXSKXYXK £X,000 XS XYSKS
SK-SYY SKXYXKYKKY KSXX KKXXYXS £YY,000 YS XYSKS SK YXXSXS
YK-SXY XKXYXYYK SXSXYXK £SX,000 XS XYSKS
Payment Records Unlock full report
Payment Records from it's suppliers' company ledger show how a company is paying its suppliers

Payment Analysis

Total Invoices Paid Before
30 days due
Paid After
30 days due
Owing Before
30 days due
Owing after
30 days due
XYX SX K YX X
Company Valuation Analysis Unlock full report

Going Concern Valuation

The going concern valuations value the company on the basis that it continues to trade without the threat of liquidation for the foreseeable future. These valuations are primarily profit and cashflow based.

Valuations Valuation Measures
Estimated High Value £XSI,000 Retained Profit £YX,000
Estimated Mid Value £YY,000 EBIT £SY,000
Estimated Low Value £X,000 EBITDA £SSX,000

Liquidation Valuation

The liquidaton valuation values the company as if it were to cease trading and assets were subject to rapid disposal to cover liabilities. This valuation is primarily asset based.

Valuations Valuation Measures
Estimated High Value £XY,000 Total Assets £XIX,000
Estimated Mid Value £Y,000 Net Assets £YX,000
Estimated Low Value £S,000 Tangible Equity £SX,000

The above valuations are based on our own algorithms and take no account of many factors that can influence actual valuations realized and should not therefore be assumed to be accurate.

Credit Status Checklist Unlock full report
Business Growth Please purchase a report to see true comments
EBITDA Purchase a report to see true comments
Dividends Please purchase a report to see true comments about this company
Retained Profits Retained Profits for this company
Debt Interest Debt Interest for this company
Cash Flow Cash Flow for this company
CCJs CCJs for this company
Age of Company Age of Company for this company
Solvency Solvency for this company
Secured Creditors Secured Creditors for this company
Ownership Ownership for this company


First Report Score: (0-10) X
Financial Status Guide:
10 Very Strong
9 Strong
8 Very Good
7 Good
6 Above Average
5 Average
4 Below Average
3 Poor
2 Weak
1 Very Weak
0 Critical

Risk Score Trend

Risk Rating Unlock full report

This is the credit risk assessment used by one of the top UK credit reference agencies.

Risk Score (1-100) X
Risk Band Description XXMXMXMX SISX
Risk Assessment Meeting of Creditors
Credit Rating XSKX
Altman Z Score Credit Risk Rating Unlock full report

There have been many bankruptcy predictors developed, however none has been so thoroughly tested and broadly accepted as the Altman Z-Score.

Z Score X
Risk Band XY
Risk Band Description The Z Score is not used for small companies where full accounts are not filed because profit and loss account items are required to calculate the score.

Z Score Bands

1 Low Risk 3.00 and above
2 Caution 2.63 - 2.99
3 Risk of Failure within 2 years 1.24 - 2.62
4 High Probability Failure Below 1.24
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Document Filings
Confirmation statement made on 1 May 2025 with no updates
Confirmation statement made on 1 May 2024 with no updates
Confirmation statement made on 1 May 2023 with no updates
Confirmation statement made on 1 May 2022 with no updates
Confirmation statement made on 1 May 2021 with no updates
Confirmation statement made on 1 May 2020 with no updates
Confirmation statement made on 1 May 2019 with no updates
Confirmation statement made on 1 May 2018 with no updates
Confirmation statement made on 1 May 2017 with updates
Annual return made up to 1 May 2016 with full list of shareholders
Director's details changed for Mr Frederick Rogers on 1 March 2016
Director's details changed for Mr Mark John Buckle on 1 March 2016
Registration of charge 026068060003, created on 1 March 2016
Annual return made up to 1 May 2015 with full list of shareholders

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