Marine Limited (03684484): Insolvency and Companies Court Hearing Analysis
Marine Limited (Company Number: 03684484) is scheduled to appear before the Insolvency and Companies Court on 17 July 2026. Listed as the defendant in case CR-2024-004027-D, the matter is categorised as an application rather than a winding-up petition. For credit risk managers, corporate solicitors, and insolvency practitioners, an application in this specialist forum requires immediate scrutiny, as it frequently precedes or attempts to block formal insolvency proceedings.
Hearing details
The matter will be heard at the Rolls Building, the primary venue for high-value commercial and insolvency litigation in England and Wales.
| Detail | Information |
| :--- | :--- |
| Case Number | CR-2024-004027-D |
| Court | Insolvency and Companies Court (Chancery Division) |
| Venue | The Rolls Building, Hearing Room 9 |
| Date and Time | 17 July 2026, 10:30am |
| Case Type | Application |
| Party Role | Defendant |
Corporate profile and financial transparency
Marine Limited was incorporated on 16 December 1998. Operating under SIC code 68209 (letting and operating of conference and exhibition centres), the company has maintained an active status on the Companies House register for over 25 years. Its registered office is at New Burlington House, 1075 Finchley Road, London, NW11 0PU.
The company's most recent accounts for the period ending 31 December 2023 were filed as unaudited abridged accounts. This indicates the business qualifies as a small entity under the Companies Act 2006 s.477. For creditors, abridged accounts present a specific challenge: they omit a detailed profit and loss statement, making it difficult to assess current liquidity or operating margins accurately. When a company with limited financial transparency faces High Court litigation, counterparties must rely on external intelligence to gauge solvency.
Ownership and control are tightly held. Directors Simon Michael Silver and Paul David Silver each hold between 25% and 50% of the shares and voting rights. In closely held private companies, a 50/50 or near-equal split can occasionally lead to deadlock, which may result in court applications under s.994 of the Companies Act 2006 (unfair prejudice) if relations break down.
Expert analysis: Decoding an ICC application
While a winding-up petition is a direct request to liquidate a company, an 'application' (such as CR-2024-004027-D) is a broader procedural mechanism. In the Insolvency and Companies Court, defendants in such applications are typically responding to one of three scenarios:
1. Injunctions to restrain advertisement: A creditor has threatened or presented a winding-up petition, and the company is applying to the court to prevent that petition from being advertised in The Gazette.
2. Statutory demand disputes: The company is applying to set aside a statutory demand served under the Insolvency Act 1986, arguing the underlying debt is genuinely disputed.
3. Shareholder or structural disputes: A minority shareholder or director is seeking directions from the court regarding the management of the company.
Currently, there are no notices in The Gazette regarding insolvency appointments for Marine Limited. However, the absence of a Gazette notice does not equate to an absence of risk; it simply confirms that no petition has yet reached the mandatory advertisement stage.
Scenario: Supplier exposure to an ICC application
Consider a commercial landlord leasing exhibition space to a company in the conference sector. The landlord's credit control team flags that the tenant is listed as a defendant in an Insolvency and Companies Court application.
Because the tenant files abridged accounts, the landlord cannot simply check the balance sheet to confirm cash reserves. Instead, the landlord must immediately review the tenant's secured debt profile. If the tenant has granted extensive floating charges to a high-street bank, the landlord knows that in the event of an administration order, the bank will rank ahead of unsecured trade creditors. The landlord then shifts the account to pro-forma terms to prevent further unsecured exposure while the court application is resolved.
Modernising corporate risk monitoring
Traditionally, solicitors and credit controllers monitor litigation risk by manually checking the daily High Court cause lists, downloading individual CE-File documents, and repeatedly pulling Companies House profiles to catch late filings. This reactive approach leaves a dangerous gap between a court filing and a creditor discovering the risk.
Corp Intel replaces this fragmented workflow. By aggregating court cause lists, Gazette notices, and statutory filings into a single timeline, professionals can assess a company's true legal posture instantly. Rather than relying on calendar reminders to check a debtor's status, users deploy free company monitoring to receive automated alerts the moment a new court listing, charge registration, or structural change occurs.
Investigative checklist for credit managers
When a client or supplier is listed as a defendant in the Insolvency and Companies Court, professionals should execute the following steps:
- Verify the applicant: Use the HMCTS CE-File system to identify who has lodged the application. A dispute with HMRC signals a different risk profile than a dispute with a minority shareholder.
- Assess secured creditors: Perform a company charge check to determine if the company has granted fixed or floating charges. This dictates where you stand in the creditor hierarchy.
- Check for parallel actions: Use a winding up petition search to ensure no other creditors have initiated formal insolvency proceedings that have yet to be advertised.
- Review the director network: Examine whether the active directors hold appointments in other entities facing similar litigation or recent insolvency events.
Disclaimer
This report summarises entries on the published court cause list. Presentation of a petition or an application is not a determination of insolvency; the outcome is a matter for the court. Companies believing they are named incorrectly should email contact@corp-intel.co.uk.
To conduct your own due diligence on UK corporate entities, access the Corp Intel company search for comprehensive financial, legal, and structural data.