Ocean Fish (retail) Limited

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ocean fish (retail) limited Company Information

Live

MatureLargeRapid

Company Number

02060546

Website

www.mypulse8.co.uk

Registered Address

unit 2a/2b, victoria business park, st. austell, PL26 8LX

Industry

Processing and preserving of fish, crustaceans and molluscs

Wholesale of other food, including fish, crustaceans and molluscs

Telephone

01726891110

Next Accounts Due

August 2025

Group Structure

View All

Directors

John Lakeman15 Years

Edward Lakeman15 Years

View All

Shareholders

ocean fish (wholesale) limited 100%

ocean fish (retail) limited Estimated Valuation

£21.7m

Pomanda estimates the enterprise value of OCEAN FISH (RETAIL) LIMITED at £21.7m based on a Turnover of £26.5m and 0.82x industry multiple (adjusted for size and gross margin).

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Ocean Fish (retail) Limited is a live company located in st. austell, PL26 8LX with a Companies House number of 02060546. It operates in the processing and preserving of fish, crustaceans and molluscs sector, SIC Code 10200. Founded in October 1986, it's largest shareholder is ocean fish (wholesale) limited with a 100% stake. Ocean Fish (retail) Limited is a mature, large sized company, Pomanda has estimated its turnover at £26.5m with rapid growth in recent years.

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Pomanda's financial health check has awarded Ocean Fish (Retail) Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating4out of 5

4 Strong

5 Regular

3 Weak

Size

annual sales of £26.5m, make it in line with the average company (£28.9m)

Growth

3 year (CAGR) sales growth of 36%, show it is growing at a faster rate (5.2%)

EXPORT

Ocean Fish (Retail) Limited's latest turnover from November 2023 is estimated at £26.5 million and the company has net assets of £1.6 million. According to their latest financial statements, Ocean Fish (Retail) Limited has 58 employees and maintains cash reserves of £471.4 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Turnover	26,528,622	18,017,540	14,973,637	10,557,322	7,555,106	8,436,191	8,838,428	6,127,575	5,525,437	13,440,739	14,433,715	13,745,589	9,867,877	8,118,616	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	22,570,241	15,207,007	12,829,168	9,050,887	6,527,321	7,340,632	7,373,980	4,919,393	4,315,614	11,301,179	11,319,147	11,811,899	8,280,967	6,866,212	0
Gross Profit	3,958,381	2,810,533	2,144,469	1,506,435	1,027,786	1,095,560	1,464,448	1,208,182	1,209,823	2,139,560	3,114,568	1,933,690	1,586,910	1,252,404	0
Admin Expenses	4,530,931	2,924,644	1,672,427	1,295,092	835,357	782,088	1,300,723	1,040,987	1,189,910	1,767,792	2,506,890	1,376,458	1,479,463	954,446	523,257
Operating Profit	-572,550	-114,111	472,042	211,343	192,429	313,472	163,725	167,195	19,913	371,768	607,678	557,232	107,447	297,958	-523,257
Interest Payable	0	0	0	0	0	0	0	0	0	0	3,883	15,298	17,115	20,933	14,072
Interest Receivable	40,765	32,150	508	98	1,068	902	0	0	347	10	13	60	183	0	0
Pre-Tax Profit	-531,785	-81,961	472,551	211,441	193,498	314,374	107,754	174,240	20,260	371,778	603,808	541,994	90,515	277,025	-537,329
Tax	0	0	-89,785	-40,174	-36,765	-59,731	25,274	-42,303	-28,714	-99,787	-152,917	-129,872	25,000	0	0
Profit After Tax	-531,785	-81,961	382,766	171,267	156,733	254,643	133,028	131,937	-8,454	271,991	450,891	412,122	115,515	277,025	-537,329
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-531,785	-81,961	382,766	171,267	156,733	254,643	133,028	131,937	-8,454	271,991	450,891	412,122	115,515	277,025	-537,329
Employee Costs	2,139,626	1,621,889	1,581,015	1,294,039	1,450,314	1,194,664	1,144,581	749,941	948,730	1,807,821	1,790,088	1,701,697	1,638,785	1,264,560	0
Number Of Employees	58	49	47	38	44	39	40	28	28	87	88	96	73	53	0
EBITDA*	-440,900	-16,764	579,292	223,210	210,865	331,144	209,735	228,135	103,677	467,320	697,505	623,547	165,042	346,711	-460,558

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Tangible Assets	371,292	304,696	289,381	59,867	24,271	42,442	58,524	50,912	108,188	182,447	312,065	279,382	198,262	203,469	212,453
Intangible Assets	36,095	31,742	34,316	34,316	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	407,387	336,438	323,697	94,183	24,271	42,442	58,524	50,912	108,188	182,447	312,065	279,382	198,262	203,469	212,453
Stock & work in progress	1,926,048	1,826,692	1,626,733	1,150,872	449,114	547,519	304,462	220,949	149,087	308,019	341,564	371,579	263,558	220,707	133,936
Trade Debtors	2,044,946	1,461,300	1,194,543	994,666	683,989	860,820	709,364	588,231	379,973	803,090	945,021	1,091,750	629,935	674,662	693,083
Group Debtors	954,908	7,811	693,635	743,753	546,656	478,034	587,096	953,650	953,650	627,000	244,881	558,838	534	5,074	0
Misc Debtors	156,721	158,417	108,350	146,606	351,634	324,715	55,377	26,080	27,680	85,425	65,587	75,290	97,642	52,568	0
Cash	471,385	1,159,204	984,099	32,232	163,898	121,007	119,426	83,253	10,381	96,462	499,276	71,395	176,314	181,305	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	5,554,008	4,613,424	4,607,360	3,068,129	2,195,291	2,332,095	1,775,725	1,872,163	1,520,771	1,919,996	2,096,329	2,168,852	1,167,983	1,134,316	827,019
total assets	5,961,395	4,949,862	4,931,057	3,162,312	2,219,562	2,374,537	1,834,249	1,923,075	1,628,959	2,102,443	2,408,394	2,448,234	1,366,245	1,337,785	1,039,472
Bank overdraft	0	0	0	0	0	0	0	0	76,493	90,601	0	485,957	462,035	393,622	432,996
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	4,036,616	2,368,996	2,149,146	854,832	223,955	634,157	371,883	188,640	103,941	336,513	455,909	530,169	227,399	475,657	994,957
Group/Directors Accounts	0	77,980	0	0	45,483	0	0	402,099	31,881	21,798	181,565	120,822	178,396	374,697	0
other short term finances	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	25,245
other current liabilities	325,390	321,137	517,657	477,111	291,022	238,011	214,640	194,577	162,388	316,660	824,001	814,254	627,484	334,451	0
total current liabilities	4,362,006	2,768,113	2,666,803	1,331,943	560,460	872,168	586,523	785,316	374,703	765,572	1,461,475	1,951,202	1,495,314	1,578,427	1,453,198
loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
hp & lease commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Accruals and Deferred Income	0	0	0	0	0	0	0	0	3,627	10,667	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	122,603
provisions	0	50,575	51,119	0	0	0	0	23,061	267,868	334,989	209,633	209,633	0	0	0
total long term liabilities	0	50,575	51,119	0	0	0	0	23,061	271,495	345,656	209,633	209,633	0	0	122,603
total liabilities	4,362,006	2,818,688	2,717,922	1,331,943	560,460	872,168	586,523	808,377	646,198	1,111,228	1,671,108	2,160,835	1,495,314	1,578,427	1,575,801
net assets	1,599,389	2,131,174	2,213,135	1,830,369	1,659,102	1,502,369	1,247,726	1,114,698	982,761	991,215	737,286	287,399	-129,069	-240,642	-536,329
total shareholders funds	1,599,389	2,131,174	2,213,135	1,830,369	1,659,102	1,502,369	1,247,726	1,114,698	982,761	991,215	737,286	287,399	-129,069	-240,642	-536,329

	Nov 2023	Nov 2022	Nov 2021	Nov 2020	Nov 2019	Nov 2018	Nov 2017	Nov 2016	Nov 2015	Nov 2014	Nov 2013	Nov 2012	Nov 2011	Nov 2010	Nov 2009
Operating Activities
Operating Profit	-572,550	-114,111	472,042	211,343	192,429	313,472	163,725	167,195	19,913	371,768	607,678	557,232	107,447	297,958	-523,257
Depreciation	131,650	94,773	72,934	11,867	18,436	17,672	46,010	60,940	83,764	95,552	89,827	66,315	57,595	48,753	62,699
Amortisation	0	2,574	34,316	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	0	-89,785	-40,174	-36,765	-59,731	25,274	-42,303	-28,714	-99,787	-152,917	-129,872	25,000	0	0
Stock	99,356	199,959	475,861	701,758	-98,405	243,057	83,513	71,862	-158,932	-33,545	-30,015	108,021	42,851	86,771	133,936
Debtors	1,529,047	-369,000	111,503	302,746	-81,290	311,732	-216,124	206,658	-154,212	260,026	-470,389	997,767	-4,193	39,221	693,083
Creditors	1,667,620	219,850	1,294,314	630,877	-410,202	262,274	183,243	84,699	-232,572	-119,396	-74,260	302,770	-248,258	-519,300	994,957
Accruals and Deferred Income	4,253	-196,520	40,546	186,089	53,011	23,371	20,063	28,562	-161,312	-496,674	9,747	186,770	293,033	334,451	0
Deferred Taxes & Provisions	-50,575	-544	51,119	0	0	0	-23,061	-244,807	-67,121	125,356	0	209,633	0	0	0
Cash flow from operations	-448,005	175,063	1,288,122	-4,502	-3,396	2,269	547,865	-224,234	-72,898	-349,662	980,479	87,060	196,159	35,870	-292,620
Investing Activities
capital expenditure	-202,599	-110,088	-336,764	-81,779	-265	-1,590	-53,622	-3,664	-9,505	34,066	-122,510	-147,435	-52,388	-39,700	-275,152
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-202,599	-110,088	-336,764	-81,779	-265	-1,590	-53,622	-3,664	-9,505	34,066	-122,510	-147,435	-52,388	-39,700	-275,152
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-77,980	77,980	0	-45,483	45,483	0	-402,099	370,218	10,083	-159,767	60,743	-57,574	-196,301	374,697	0
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	0	0	0	0	0	0	0	0	0	0	0	0	0	-25,245	25,245
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	-122,603	122,603
share issue	0	0	0	0	0	0	0	0	0	-18,062	-1,004	4,346	-3,942	18,662	1,000
interest	40,765	32,150	508	98	1,068	902	0	0	347	10	-3,870	-15,238	-16,932	-20,933	-14,072
cash flow from financing	-37,215	110,130	508	-45,385	46,551	902	-402,099	370,218	10,430	-177,819	55,869	-68,466	-217,175	224,578	134,776
cash and cash equivalents
cash	-687,819	175,105	951,867	-131,666	42,891	1,581	36,173	72,872	-86,081	-402,814	427,881	-104,919	-4,991	181,305	0
overdraft	0	0	0	0	0	0	0	-76,493	-14,108	90,601	-485,957	23,922	68,413	-39,374	432,996
change in cash	-687,819	175,105	951,867	-131,666	42,891	1,581	36,173	149,365	-71,973	-493,415	913,838	-128,841	-73,404	220,679	-432,996

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OCEAN FISH (RETAIL) LIMITED group structure

Ocean Fish (Retail) Limited has no subsidiary companies.

Ultimate parent company

OCEAN HOLDINGS SOUTH WEST LTD

11504396

OCEAN FISH (WHOLESALE) LIMITED

01478179

2 parents

OCEAN FISH (RETAIL) LIMITED

02060546

OCEAN FISH (RETAIL) LIMITED Shareholders

ocean fish (wholesale) limited

100%

Ocean Fish (Retail) Limited currently has 3 directors. The longest serving directors include Mr John Lakeman (Sep 2009) and Mr Edward Lakeman (Sep 2009).

officer	country	age	start	end	role
Mr John Lakeman		81 years	Sep 2009	-	Director
Mr Edward Lakeman	England	53 years	Sep 2009	-	Director
Mr Leigh Genge	England	43 years	Mar 2015	-	Director

P&L

November 2023

turnover

26.5m

+47%

operating profit

-572.5k

gross margin

15%

-4.34%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

November 2023

net assets

1.6m

-0.25%

total assets

+0.2%

cash

471.4k

-0.59%

net assets

Total assets minus all liabilities

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company number

02060546

Type

Private limited with Share Capital

industry

10200 - Processing and preserving of fish, crustaceans and molluscs

46380 - Wholesale of other food, including fish, crustaceans and molluscs

incorporation date

October 1986

ultimate parent company

OCEAN HOLDINGS SOUTH WEST LTD

previous names

s. riddler limited (January 2023)

address

unit 2a/2b, victoria business park, st. austell, PL26 8LX

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 7 charges/mortgages relating to ocean fish (retail) limited. Currently there are 4 open charges and 3 have been satisfied in the past.

ocean fish (retail) limited Company Information

ocean fish (retail) limited Estimated Valuation

ocean fish (retail) limited Estimated Valuation

ocean fish (retail) limited Estimated Valuation

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OCEAN FISH (RETAIL) LIMITED financials

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