PROTECTION VESSELS INTERNATIONAL LIMITED
Company number 06792803 · Monitor this company
The annual accounts for this company are overdue.
The confirmation statement for this company is overdue.
Executive summary
Protection Vessels International Limited represents a casualty of the structural contraction in the maritime security sector since the suppression of Somali piracy. The company's net liabilities of £3.75M, cash reserves of just £36K, and formal liquidation status confirm it has failed to adapt to an industry where pricing has compressed 40-60% and consolidation has favoured well-capitalised operators. The absence of meaningful tangible assets and the deterioration of net assets by £1.67M in a single year indicate the business was unable to sustain operations against better-funded competitors. This is a terminal insolvency rather than a temporary downturn.
Shareholders' funds
-£3,750,579
Balance sheet as at 2021-12-31
Overview
- Company type
- Private Limited Company
- Incorporated
- 2009-01-15
- Registered office
- 407, 4th Floor One Temple Quay, Temple Back East, Bristol, Somerset, BS1 6DZ
- Postcode
- BS1 6DZ
- Capital
- 86 GBP
- Accounts category
- Total Exemption Full
- Charges
- 2 outstanding
Accounts
- Last made up to
- 2021-12-31
- Next due by
- 2023-09-30 Overdue
- Financial year end
- 31 December
Confirmation statement
- Last statement dated
- 2023-08-10
- Next due by
- 2024-08-24 Overdue
Nature of business (SIC)
- 80100 Private security activities
Officers 2 current · 16 resigned
Group structure
Controlled by DG RISK CONSULTANTS LIMITED — since 2019-12-12
From persons-with-significant-control filings on the public register.
Previous company names
| Name | Date changed |
|---|---|
| RS 12 (UK) LIMITED | 2009-01-29 |
Previous registered addresses 3
| Address | Changed on |
|---|---|
| CASCADES 1 1190 PARK AVENUE, AZTEC WEST, ALMONDSBURY, BRISTOL, BS32 4FP, ENGLAND | 2018-10-31 |
| UNIT 8 COTSWOLD BUSINESS PARK, MILLFIELD LANE CADDINGTON, LUTON, BEDFORDSHIRE, LU1 4AJ | 2016-11-20 |
| RIVERSIDE HOUSE 14 PROSPECT PLACE, WELWYN, HERTFORDSHIRE, AL6 9EN, UNITED KINGDOM | 2011-08-03 |
The class of 2009
14%
of the 739 companies in this sector incorporated in 2009 are still active today; 83% have since been dissolved.
A fact about the year, not a forecast for this company.