Pomanda estimates the enterprise value of OCEAN TG UK LTD at £16.1m based on a Turnover of £10.5m and 1.54x industry multiple (adjusted for size and gross margin).
ocean tg uk ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of OCEAN TG UK LTD at £0 based on an EBITDA of £-2m and a 8.3x industry multiple (adjusted for size and gross margin).
ocean tg uk ltdEstimated Valuation
£0
Pomanda estimates the enterprise value of OCEAN TG UK LTD at £0 based on Net Assets of £-1.1m and 2.41x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ocean Tg Uk LtdOverview
Ocean Tg Uk Ltd is a live company located in london, EC3M 4BS with a Companies House number of 01347854. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in January 1978, it's largest shareholder is
super dragon ltd
with a 100% stake. Ocean Tg Uk Ltd is a mature,
mid sized company, Pomanda has estimated its turnover at
£10.5m with
declining
growth in recent years.
Pomanda's financial health check has awarded Ocean Tg Uk Ltd a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
Health Rating2.5out of 5
4 Strong
1 Regular
5 Weak
Size
annual sales of £10.5m, make it larger than the average company (£1.2m)
£10.5m - Ocean Tg Uk Ltd
£1.2m - Industry AVG
Growth
3 year (CAGR) sales growth of -3%, show it is growing at a slower rate (8%)
-3% - Ocean Tg Uk Ltd
8% - Industry AVG
Production
with a gross margin of 84.1%, this company has a lower cost of product (42%)
84.1% - Ocean Tg Uk Ltd
42% - Industry AVG
Profitability
an operating margin of -40.8% make it less profitable than the average company (6.4%)
-40.8% - Ocean Tg Uk Ltd
6.4% - Industry AVG
Employees
with 94 employees, this is above the industry average (15)
94 - Ocean Tg Uk Ltd
15 - Industry AVG
Pay Structure
on an average salary of £100.7k, the company has a higher pay structure (£34.6k)
£100.7k - Ocean Tg Uk Ltd
£34.6k - Industry AVG
Efficiency
resulting in sales per employee of £111.4k, this is equally as efficient (£104.2k)
£111.4k - Ocean Tg Uk Ltd
£104.2k - Industry AVG
Debtor Days
it gets paid by customers after 115 days, this is later than average (31 days)
115 days - Ocean Tg Uk Ltd
31 days - Industry AVG
Creditor Days
its suppliers are paid after 241 days, this is slower than average (40 days)
241 days - Ocean Tg Uk Ltd
40 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ocean Tg Uk Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ocean Tg Uk Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 103.3%, this is a higher level of debt than the average (48.3%)
103.3% - Ocean Tg Uk Ltd
48.3% - Industry AVG
OCEAN TG UK LTD financials
EXPORT
Ocean Tg Uk Ltd's latest turnover from December 2023 is £10.5 million and the company has net assets of -£1.1 million. According to their latest financial statements, Ocean Tg Uk Ltd has 94 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Turnover
10,467,770
10,696,282
14,658,240
11,528,749
11,133,797
10,732,981
9,124,154
8,726,655
8,542,438
8,074,490
7,737,018
7,096,620
22,278,464
17,789,887
Other Income Or Grants
Cost Of Sales
1,668,546
1,669,268
2,807,683
3,151,745
1,909,811
4,424,449
4,850,506
4,912,483
4,766,847
4,734,389
3,315,338
3,735,004
12,729,319
9,935,788
Gross Profit
8,799,224
9,027,014
11,850,557
8,377,004
9,223,986
6,308,532
4,273,648
3,814,172
3,775,591
3,340,101
4,421,680
3,361,616
9,549,145
7,854,100
Admin Expenses
13,075,564
10,615,431
10,129,982
5,936,649
8,417,533
4,004,678
3,474,473
3,310,428
3,428,686
3,316,438
2,134,018
2,460,515
9,861,040
7,318,196
-390,228
Operating Profit
-4,276,340
-1,588,417
1,720,575
2,440,355
806,453
2,303,854
799,175
503,744
346,905
23,663
2,287,662
901,101
-311,895
535,904
390,228
Interest Payable
654,131
17,015
39,225
51,436
833,092
1,276
189
15,946
5,037
Interest Receivable
1,653
1,378
5,699
3,494
42
297
2,145
1,288
6,138
3,902
513
Pre-Tax Profit
-4,930,471
-1,605,433
1,681,350
2,390,572
-25,261
2,308,277
802,669
503,597
331,256
25,808
2,282,625
902,389
-305,757
539,806
390,742
Tax
-110,784
153,522
299,840
4,530
-99,122
-282,550
-145,167
-143,611
-29,931
-74,779
-548,205
-220,689
-151,146
-109,408
Profit After Tax
-5,041,255
-1,451,911
1,981,190
2,395,102
-124,383
2,025,727
657,502
359,986
301,325
-48,971
1,734,420
681,700
-305,757
388,660
281,334
Dividends Paid
2,058,907
805,000
500,000
1,000,000
1,000,000
Retained Profit
-5,041,255
-1,451,911
1,981,190
2,395,102
-124,383
-33,180
657,502
359,986
-503,675
-548,971
734,420
-318,300
-305,757
388,660
281,334
Employee Costs
9,463,779
7,499,779
4,238,718
3,172,215
3,877,004
2,150,991
1,330,746
529,644
2,658,092
847,122
664,399
662,762
6,949,686
5,454,900
Number Of Employees
94
83
49
45
131
128
20
19
93
17
16
15
255
209
EBITDA*
-2,009,529
424,946
4,481,998
4,492,586
1,989,365
2,898,405
1,371,568
1,215,577
1,062,780
690,802
2,848,244
1,342,420
-267,933
564,273
420,960
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Tangible Assets
76,288
295,409
1,324,575
1,652,536
1,224,214
1,040,988
987,724
1,060,087
1,362,897
1,663,609
1,658,525
1,360,075
249,121
160,761
174,147
Intangible Assets
5,226,228
2,955,094
3,408,115
2,595,977
2,067,479
1,574,426
1,220
4,456
7,076
7,457
1
1
1
1
1
Investments & Other
1
Debtors (Due After 1 year)
24,377,590
21,313,451
17,830,625
8,584,270
27,466
Total Fixed Assets
29,680,106
24,563,956
22,563,315
12,832,783
3,291,693
2,642,880
988,944
1,064,543
1,369,973
1,671,066
1,658,526
1,360,076
249,122
160,762
174,148
Stock & work in progress
47,812
59,645
15,390
15,896
60,000
135,118
112,255
135,118
128,119
195,228
Trade Debtors
3,312,586
2,839,532
3,292,291
3,177,793
1,435,600
1,466,081
2,670,386
2,441,709
3,870,737
2,766,587
2,384,058
2,406,494
2,671,138
2,117,070
3,560,421
Group Debtors
204,666
9,156,511
8,324,759
3,389,810
1,608,984
889,808
510,086
Misc Debtors
2,006,723
3,576,157
1,868,517
1,016,438
1,002,833
714,117
642,877
375,192
344,983
458,593
427,057
187,107
Cash
69,332
1,344,758
1,561,038
532,683
5,999,941
4,361,068
2,661,571
1,269,389
1,174,110
969,626
1,099,929
1,355,280
205,330
misc current assets
total current assets
5,319,310
6,620,356
5,277,952
5,598,634
13,171,372
11,053,536
12,703,014
8,786,953
7,767,099
5,064,655
4,120,343
3,675,482
3,906,185
3,600,469
3,960,979
total assets
34,999,416
31,184,312
27,841,267
18,431,417
16,463,065
13,696,416
13,691,958
9,851,496
9,137,072
6,735,721
5,778,869
5,035,558
4,155,307
3,761,231
4,135,127
Bank overdraft
9,269,534
12,535,372
1,986
Bank loan
Trade Creditors
1,103,698
528,697
670,205
420,513
1,459,269
491,069
757,464
19,161
147,693
223,793
225,789
169,396
3,790,070
3,090,237
2,182,848
Group/Directors Accounts
20,040,690
9,625,353
14,474,830
9,205,608
9,750,469
9,545,981
9,050,084
6,565,894
6,574,502
3,326,468
1,671,933
1,776,555
other short term finances
hp & lease commitments
86,949
280,618
167,766
other current liabilities
5,577,781
4,358,975
5,265,623
4,639,300
4,322,523
2,606,165
2,810,908
2,854,018
2,381,463
2,739,353
2,924,484
2,867,364
total current liabilities
35,991,704
27,135,346
20,691,276
14,433,187
15,534,247
12,643,215
12,618,456
9,439,073
9,103,658
6,289,614
4,822,206
4,813,315
3,790,070
3,090,237
2,182,848
loans
hp & lease commitments
123,646
264,532
Accruals and Deferred Income
other liabilities
1,669,945
provisions
152,029
152,029
216,192
160,000
total long term liabilities
152,030
152,030
339,838
424,532
1,669,945
total liabilities
36,143,734
27,287,375
21,031,114
14,857,719
15,534,247
12,643,215
12,618,456
9,439,073
9,103,658
6,289,614
4,822,206
4,813,315
3,790,070
3,090,237
3,852,793
net assets
-1,144,318
3,896,937
6,810,153
3,573,698
928,818
1,053,201
1,073,502
412,423
33,414
446,107
956,663
222,243
365,237
670,994
282,334
total shareholders funds
-1,144,318
3,896,937
6,810,153
3,573,698
928,818
1,053,201
1,073,502
412,423
33,414
446,107
956,663
222,243
365,237
670,994
282,334
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Dec 2019
Dec 2018
Dec 2017
Dec 2016
Dec 2015
Dec 2014
Dec 2013
Dec 2012
Dec 2011
Dec 2010
Dec 2009
Operating Activities
Operating Profit
-4,276,340
-1,588,417
1,720,575
2,440,355
806,453
2,303,854
799,175
503,744
346,905
23,663
2,287,662
901,101
-311,895
535,904
390,228
Depreciation
335,081
656,956
997,206
768,802
493,409
398,561
569,773
709,213
714,269
667,139
560,582
441,319
43,962
28,369
30,732
Amortisation
1,931,730
1,356,408
1,764,217
1,283,429
689,503
195,990
2,620
2,620
1,606
Tax
-110,784
153,522
299,840
4,530
-99,122
-282,550
-145,167
-143,611
-29,931
-74,779
-548,205
-220,689
-151,146
-109,408
Stock
-47,812
-11,833
44,255
-506
15,896
-60,000
-75,118
22,863
-22,863
6,999
-67,109
195,228
Debtors
1,763,093
4,942,373
10,212,932
1,183,557
1,062,521
3,829,350
2,277,188
-679,643
1,370,262
924,151
217,514
-77,537
554,068
-1,443,351
3,560,421
Creditors
575,001
-141,508
249,692
-1,038,756
968,200
-266,395
738,303
-128,532
-76,100
-1,996
56,393
-3,620,674
699,833
907,389
2,182,848
Accruals and Deferred Income
1,218,806
-906,648
626,323
316,777
1,716,358
-204,743
-43,110
472,555
-357,890
-185,131
57,120
2,867,364
Deferred Taxes & Provisions
-64,163
56,192
160,000
Cash flow from operations
-2,089,599
-5,428,411
-4,487,054
2,707,325
3,512,786
-1,700,529
-355,594
2,095,632
-711,403
-420,137
2,173,175
468,821
-129,167
2,830,976
-1,261,249
Investing Activities
capital expenditure
-4,318,823
-531,177
-3,245,600
-3,009,051
-1,859,191
-2,221,021
-496,794
-406,403
-414,782
-679,679
-977,260
-844,707
-132,322
-14,983
-204,880
Change in Investments
-1
1
cash flow from investments
-4,318,822
-531,178
-3,245,600
-3,009,051
-1,859,191
-2,221,021
-496,794
-406,403
-414,782
-679,679
-977,260
-844,707
-132,322
-14,983
-204,880
Financing Activities
Bank loans
Group/Directors Accounts
10,415,338
-4,849,477
5,269,222
-544,861
204,488
495,897
2,484,190
-8,608
3,248,034
1,654,535
-104,622
1,776,555
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments
-86,949
-317,315
-28,034
432,298
other long term liabilities
-1,669,945
1,669,945
share issue
-1,461,305
1,255,265
249,778
12,879
3,577
19,023
90,982
38,415
175,306
1,000
interest
-654,131
-17,015
-39,225
-49,783
-831,714
4,423
3,494
-147
-15,649
2,145
-5,037
1,288
6,138
3,902
513
cash flow from financing
9,674,258
-6,645,112
6,457,228
87,432
-627,226
513,199
2,491,261
10,268
3,323,367
1,695,095
-109,659
1,953,149
6,138
-1,666,043
1,671,458
cash and cash equivalents
cash
-69,332
-1,275,426
-216,280
1,028,355
-5,467,258
1,638,873
1,699,497
1,392,182
95,279
204,484
-130,303
-255,351
1,149,950
205,330
overdraft
-3,265,838
12,535,372
-1,986
1,986
change in cash
3,265,838
-12,604,704
-1,275,426
-214,294
1,026,369
-5,467,258
1,638,873
1,699,497
1,392,182
95,279
204,484
-130,303
-255,351
1,149,950
205,330
ocean tg uk ltd Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for ocean tg uk ltd. Get real-time insights into ocean tg uk ltd's credit score, group structure and payment trends.
Perform a competitor analysis for ocean tg uk ltd by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other mid companies, companies in EC3M area or any other competitors across 12 key performance metrics.
ocean tg uk ltd Ownership
OCEAN TG UK LTD group structure
Ocean Tg Uk Ltd has no subsidiary companies.
Ultimate parent company
KVH INDUSTRIES INC
#0082442
SUPER DRAGON LTD
#0042018
2 parents
OCEAN TG UK LTD
01347854
OCEAN TG UK LTD Shareholders
The sole shareholder of Ocean Tg Uk Ltd is Super Dragon Ltd.
super dragon ltd
100%
ocean tg uk ltd directors
Ocean Tg Uk Ltd currently has 2 directors.
The longest serving directors include
Mr Roger Ringstad (Jul 2019) and
Mr Keith Proffitt (Nov 2024).
A charge, or mortgage, refers to the rights a company gives to a lender in return for a loan, often in the form of security given over business assets.
We found 3 charges/mortgages relating to ocean tg uk ltd. Currently there are 2 open charges and 1 have been satisfied in the past.
ocean tg uk ltd Capital Raised & Share Issues BETA
When a company issues new shares, e.g. to new investors following a funding round, it is required to notify Companies House within one month of making an allotment of shares.
Click to start generating capital raising & share issue transactions for OCEAN TG UK LTD. This can take several minutes, an email will notify you when this has completed.
ocean tg uk ltdCompanies House Filings - See Documents
