The Firmwatch take
Dolphin Boatyard Ltd (00566908) currently shows: Watch signal detected, based on accounts to 31 March 2025; last refreshed 24 May 2026. Negative working capital plus 1 more cautionary signal — extracted from the latest filed accounts.
Companies House source·Accounts to 31 Mar 2025·Refreshed 24 May 2026·Methodology and caveats
Firmwatch signals are generated from public filings and are not credit ratings or financial advice.
Incorporated
1 June 1956
69 years on the register
Sector
Repair and installation of machinery and equipment
SIC 33150 · matched to division
Size
Not classified
Net assets
£665k
Top 10% in sector
Cash at bank
Not disclosed
Not required for this filing type
Latest filing
None yet
Insolvency risk
Elevated insolvency risk
The latest public accounts show financial pressure that should be reviewed before relying on the company as a customer, supplier or counterparty.
Negative working capital
Short-term liabilities are higher than short-term assets in the public balance sheet.
Weak current ratio
Current assets are less than 75% of current liabilities.
Sector benchmark · Other Manufacturing
How this company compares in 36,698 filers in this sector
Top 10% in sector — Dolphin Boatyard Ltd shows £665k in net assets. Sector median is £6k.
Sector medians are computed annually across all UK companies in this broad sector. Position is approximate — see the Money tab for the full balance sheet.
Money
What the balance sheet says
Net assets
£665k
Top 10% in sector · sector median £6k · 36,698 filers in this sector
Cash
Not disclosed
Working cap.
−£5.5m
Median £8k
Current ratio
0.1×
Median 1.4×
Signals · 3
Positive net assets
The latest filed accounts show assets exceeding liabilities.
Negative working capital
Current liabilities exceed current assets in the extracted accounts.
Current ratio below 1.0
Current assets are lower than current liabilities in the extracted accounts.
People
Who runs this company
- MB
MORRIS, Benedict George
director · since 2014
Registered office
Address intelligence
7 other companies registered here.
Common for accountants' offices and small business centres.
Address pattern · TQ5 0EH
7 other UK companies registered here — all still trading.
Active
6
Dissolved
0
Strike-off action
0
Firmwatch turns UK Companies House filings into plain-English company intelligence. Data is refreshed daily; signals are generated from public balance-sheet and filing patterns.