Company Overview
Cornwall Channel Limited is listed at the official companies registry as Active Private Limited Company. The company was incorporated on Tuesday 16 April 2013, so this is a well established company. Cornwall Channel Limited has been in business for 12 years and 11 months. The accounts status is micro entity and the accounts are next due on Friday 31 January 2025.
Registered Address

Waterside Court, Falmouth Road, Penryn, Cornwall, TR10 8AW
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Companies House Data
Company NameCORNWALL CHANNEL LIMITED
Company Number08490135
Registered Office AddressWaterside Court
 Falmouth Road
 TR10 8AW
Company CategoryPrivate Limited Company
Company StatusActive
Country of OriginUnited Kingdom
Incorporation Date16/04/2013
Accounting Reference Date Day30
Accounting Reference Date Month4
Accounts Next Due Date31/01/2025
Accounts Last Made Up Date30/04/2023
Accounts Account CategoryMICRO ENTITY
Returns Next Due Date14/05/2017
Returns Last Made Up Date16/04/2016
Directors & Members
Show Resigned
Shane Solomon - Director
(British, 45 years old, born May 1981)
Appointed 16 April 2013
 Active
Secretaries
Helen Robinson - Secretary
Appointed 16 April 2013
 Active
Other Company Directorships
Shane Solomon
UK B2B LTD
Balance Sheet Unlock full report
Accounts Date 30-Apr-2023 30-Apr-2022 30-Apr-2021
Balance Sheet
Fixed Assets 25,629 32,343 30,840
Current Assets 94,061 67,587 45,195
Creditors Due Within One Year 91,890 56,767 32,794
Working Cap 2,171 10,820 12,401
Total Assets Less Current Liabilities 27,800 43,163 43,241
Long-term Liabilities 23,561 28,263 33,114
Net Assets 4,239 14,900 10,127
Share Capital & Reserves
Share Cap - - -
Profit & Loss Reserves - - -
Other Reserves - - -
Shareholders Funds 4,239 14,900 10,127
Common Size Financial Analysis Unlock full report
Accounts Date 30-Apr-2023 30-Apr-2022 30-Apr-2021
Tangible Fixed Assets - - -
Fixed Assets 21.4% 32.4% 40.6%
Stocks Inventory - - -
Debtors - - -
Cash Bank In Hand - - -
Current Assets 78.6% 67.6% 59.4%
Creditors Due Within One Year 76.8% 56.8% 43.1%
Net Current Assets Liabilities 1.8% 10.8% 16.3%
Creditors Due After One Year - - -
Accruals Deferred Income - - -
Provisions For Liabilities Charges - - -
Net Assets Liabilities Including Pension Asset Liability - - -
Called Up Share Capital - - -
Share Capital Allotted Called Up Paid - - -
Profit Loss Account Reserve - - -
Shareholder Funds 3.5% 14.9% 13.3%
Capital Employed - - -
Total Assets Less Current Liabilities 23.2% 43.2% 56.9%
Financial Ratio Analysis Unlock full report
Accounts Date 30-Apr-2023 30-Apr-2022 30-Apr-2021
Liquidity Ratio 1.0 1.2 1.4
Solvency Ratio 1.0 1.2 1.2
Reserves to Assets - - -
Secured Creditors Unlock full report
Mortgages Charges 0
Mortgages Outstanding 0
Mortgages Part Satisfied 0
Mortgages Satisfied 0
Assets and Debt Analysis Unlock full report
Accounts Date 30-Apr-2023 30-Apr-2022 30-Apr-2021
Assets 119,690 99,930 76,035
Debt 115,451 85,030 65,908
Net Assets/Debt 4,239 14,900 10,127
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 has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. 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 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 has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. 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 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 has some deficiency. The balance sheet presents modest net assets. For the size of the company as inferred by the balance sheet the amount of net assets represents a relatively small margin of cover over total debts and obligations. 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
Liquidators' statement of receipts and payments to 18 March 2026
Registered office address changed from Waterside Court Falmouth Road Penryn Cornwall TR10 8AW England to Lucas Ross Limited C/O Stanmore House 64-68 Blackburn Street Manchester M26 2JS on 28 March 2025
Statement of affairs
Appointment of a voluntary liquidator
Resolutions
Confirmation statement made on 26 April 2024 with no updates
Confirmation statement made on 30 April 2023 with no updates
Confirmation statement made on 30 April 2022 with updates
Confirmation statement made on 30 April 2021 with updates
Previous accounting period extended from 29 April 2020 to 30 April 2020
Confirmation statement made on 30 April 2020 with updates
Change of details for Mr Shane Solomon as a person with significant control on 3 February 2020
Director's details changed for Mr Shane Allan Solomon on 3 February 2020
Secretary's details changed for Helen Robinson on 3 February 2020
Registered office address changed from C/O Karrek Accountants 9 Hilgrove Road Newquay Cornwall TR7 2QY to Waterside Court Falmouth Road Penryn Cornwall TR10 8AW on 18 February 2020
Compulsory strike-off action has been discontinued
First Gazette notice for compulsory strike-off
Confirmation statement made on 16 April 2019 with no updates
Confirmation statement made on 16 April 2018 with no updates
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