One old port that will never improve! (5)
I believe the answer is:
ideal
'one old port that will never improve' is the definition.
Both the definition and answer are adjectives. Perhaps there's an association between them I don't understand?
'one old port' is the wordplay.
'one' becomes 'i' (Roman numeral).
'old port' becomes 'Deal' (historical port in Kent).
'i'+'deal'='IDEAL'
Can you help me to learn more?
(Other definitions for ideal that I've seen before include "Consummate" , "Embodying perfection" , "'Perfect, model (5)'" , "example" , "Best possible" .)