oceanexpress limited
oceanexpress limited Company Information
Company Number
02193611
Next Accounts
143 days late
Directors
Shareholders
ots logistics belgium nv
Group Structure
View All
Industry
Sea and coastal freight water transport
Registered Address
station house, station road, maldon, essex, CM9 4LQ
Website
www.oceanexpress.co.ukoceanexpress limited Estimated Valuation
Pomanda estimates the enterprise value of OCEANEXPRESS LIMITED at £974.9k based on a Turnover of £551.3k and 1.77x industry multiple (adjusted for size and gross margin).
oceanexpress limited Estimated Valuation
Pomanda estimates the enterprise value of OCEANEXPRESS LIMITED at £0 based on an EBITDA of £-122.1k and a 5.84x industry multiple (adjusted for size and gross margin).
oceanexpress limited Estimated Valuation
Pomanda estimates the enterprise value of OCEANEXPRESS LIMITED at £421.2k based on Net Assets of £305.9k and 1.38x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Oceanexpress Limited Overview
Oceanexpress Limited is a live company located in maldon, CM9 4LQ with a Companies House number of 02193611. It operates in the sea and coastal freight water transport sector, SIC Code 50200. Founded in November 1987, it's largest shareholder is ots logistics belgium nv with a 100% stake. Oceanexpress Limited is a mature, small sized company, Pomanda has estimated its turnover at £551.3k with declining growth in recent years.
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Oceanexpress Limited Health Check
Pomanda's financial health check has awarded Oceanexpress Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 2 measures and has 5 areas for improvement. Company Health Check FAQs
2 Strong
2 Regular
5 Weak
Size
annual sales of £551.3k, make it smaller than the average company (£7.8m)
£551.3k - Oceanexpress Limited
£7.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -11%, show it is growing at a slower rate (6.2%)
-11% - Oceanexpress Limited
6.2% - Industry AVG
Production
with a gross margin of 100%, this company has a lower cost of product (35.1%)
100% - Oceanexpress Limited
35.1% - Industry AVG
Profitability
an operating margin of -22.3% make it less profitable than the average company (9.4%)
-22.3% - Oceanexpress Limited
9.4% - Industry AVG
Employees
with 1 employees, this is below the industry average (14)
1 - Oceanexpress Limited
14 - Industry AVG
Pay Structure
on an average salary of £62.6k, the company has an equivalent pay structure (£62.6k)
- Oceanexpress Limited
£62.6k - Industry AVG
Efficiency
resulting in sales per employee of £551.3k, this is equally as efficient (£582.8k)
£551.3k - Oceanexpress Limited
£582.8k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Oceanexpress Limited
- - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- - Oceanexpress Limited
- - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Oceanexpress Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 2 weeks, this is less cash available to meet short term requirements (12 weeks)
2 weeks - Oceanexpress Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 46.8%, this is a lower level of debt than the average (62.2%)
46.8% - Oceanexpress Limited
62.2% - Industry AVG
OCEANEXPRESS LIMITED financials
Oceanexpress Limited's latest turnover from December 2022 is £551.3 thousand and the company has net assets of £305.9 thousand. According to their latest financial statements, Oceanexpress Limited has 1 employee and maintains cash reserves of £13.7 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| 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 | 551,272 | 583,919 | 578,337 | 779,214 | 736,542 | 707,044 | 213,932 | 0 | 124,039 | 126,445 | 1,804,779 | 1,593,463 | ||
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,445,532 | 1,133,194 | ||||
| Gross Profit | 551,272 | 583,919 | 578,337 | 779,214 | 736,542 | 707,044 | 213,932 | 0 | 359,247 | 460,269 | ||||
| Admin Expenses | 674,410 | 663,191 | 818,466 | 744,941 | 749,895 | 718,857 | 219,084 | -103,347 | 281,834 | 624,245 | ||||
| Operating Profit | -123,138 | -79,272 | -240,129 | 34,273 | -13,353 | -11,813 | -5,152 | 103,347 | 122,331 | 123,061 | 77,413 | -163,976 | ||
| Interest Payable | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |||
| Interest Receivable | 2,536 | 0 | 138 | 814 | 1,004 | 914 | 1,330 | 3,238 | 4,488 | 3,708 | 27,999 | 24,296 | ||
| Pre-Tax Profit | -120,602 | -79,273 | -239,991 | 35,087 | -12,349 | -10,899 | -3,822 | 106,585 | 126,819 | 126,769 | 314,454 | 28,594 | ||
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500 | -23,777 | -11,713 | ||
| Profit After Tax | -120,602 | -79,273 | -239,991 | 35,087 | -12,349 | -10,899 | -3,822 | 106,585 | 126,819 | 127,269 | 290,677 | 16,881 | ||
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500,000 | ||
| Retained Profit | -120,602 | -79,273 | -239,991 | 35,087 | -12,349 | -10,899 | -3,822 | 106,585 | 126,819 | 127,269 | 290,677 | -483,119 | ||
| Employee Costs | 460,490 | 152,324 | 0 | |||||||||||
| Number Of Employees | 1 | 1 | 4 | 4 | 4 | 4 | 4 | 2 | ||||||
| EBITDA* | -122,080 | -77,848 | -238,274 | 37,680 | -5,340 | -8,477 | -4,573 | 103,347 | 122,331 | 123,061 | 90,222 | -114,449 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| 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 | 308 | 1,366 | 2,790 | 2,881 | 5,728 | 11,256 | 5,461 | 0 | 0 | 0 | 0 | 0 | 6,692 | 22,191 |
| Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 17,819 | 17,819 | 17,819 | 17,819 | 17,819 | 17,819 | 17,819 | 17,819 | 35,122 | 35,122 | 0 | 0 | 262,320 | 262,320 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 18,127 | 19,185 | 20,609 | 20,700 | 23,547 | 29,075 | 23,280 | 17,819 | 35,122 | 35,122 | 0 | 0 | 269,012 | 284,511 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 203,187 | 251,350 |
| Group Debtors | 506,847 | 627,158 | 697,387 | 897,600 | 940,712 | 894,595 | 960,268 | 760,067 | 756,830 | 628,392 | 0 | 0 | 2,789,131 | 2,326,467 |
| Misc Debtors | 35,934 | 18,407 | 35,916 | 37,145 | 31,828 | 34,544 | 13,970 | 1,140 | 0 | 437 | 0 | 0 | 71,766 | 137,555 |
| Cash | 13,712 | 50,866 | 7,463 | 39,397 | 15,292 | 38,088 | 17,365 | 144,078 | 416 | 2,152 | 0 | 0 | 205,155 | 609,278 |
| misc current assets | 0 | 1,425 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 556,493 | 697,856 | 740,766 | 974,142 | 987,832 | 967,227 | 991,603 | 905,285 | 757,246 | 630,981 | 0 | 0 | 3,269,239 | 3,324,650 |
| total assets | 574,620 | 717,041 | 761,375 | 994,842 | 1,011,379 | 996,302 | 1,014,883 | 923,104 | 792,368 | 666,103 | 0 | 0 | 3,538,251 | 3,609,161 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 11 | 1 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 11,274 | 0 | 0 | 781 | 0 | 621 | 0 | 0 | 0 | 600 | 0 | 0 | 71,283 | 288,250 |
| Group/Directors Accounts | 82,976 | 128,415 | 123,063 | 121,608 | 121,417 | 96,259 | 64,193 | 71,930 | 54,307 | 54,271 | 0 | 0 | 242,575 | 374,318 |
| other short term finances | 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 |
| other current liabilities | 174,514 | 162,168 | 132,581 | 127,424 | 180,020 | 177,131 | 217,500 | 114,162 | 107,623 | 107,623 | 0 | 0 | 150,339 | 163,216 |
| total current liabilities | 268,764 | 290,583 | 255,644 | 249,813 | 301,437 | 274,011 | 281,693 | 186,092 | 161,941 | 162,495 | 0 | 0 | 464,197 | 825,784 |
| loans | 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 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total liabilities | 268,764 | 290,583 | 255,644 | 249,813 | 301,437 | 274,011 | 281,693 | 186,092 | 161,941 | 162,495 | 0 | 0 | 464,197 | 825,784 |
| net assets | 305,856 | 426,458 | 505,731 | 745,029 | 709,942 | 722,291 | 733,190 | 737,012 | 630,427 | 503,608 | 0 | 0 | 3,074,054 | 2,783,377 |
| total shareholders funds | 305,856 | 426,458 | 505,731 | 745,029 | 709,942 | 722,291 | 733,190 | 737,012 | 630,427 | 503,608 | 0 | 0 | 3,074,054 | 2,783,377 |
| 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 | -123,138 | -79,272 | -240,129 | 34,273 | -13,353 | -11,813 | -5,152 | 103,347 | 122,331 | 123,061 | 77,413 | -163,976 | ||
| Depreciation | 1,058 | 1,424 | 1,855 | 3,407 | 8,013 | 3,336 | 579 | 0 | 0 | 0 | 12,809 | 49,527 | ||
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||
| Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 500 | -23,777 | -11,713 | ||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -102,784 | -87,738 | -201,442 | -37,795 | 43,401 | -45,099 | 213,031 | 4,377 | 128,001 | 628,829 | 0 | -3,064,084 | 348,712 | 2,715,372 |
| Creditors | 11,274 | 0 | -781 | 781 | -621 | 621 | 0 | 0 | -600 | 600 | 0 | -71,283 | -216,967 | 288,250 |
| Accruals and Deferred Income | 12,346 | 29,587 | 5,157 | -52,596 | 2,889 | -40,369 | 103,338 | 6,539 | 0 | 107,623 | 0 | -150,339 | -12,877 | 163,216 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 4,324 | 39,477 | -32,456 | 23,660 | -46,473 | -3,126 | -114,266 | 105,509 | -6,270 | -397,045 | -512,111 | -2,390,068 | ||
| Investing Activities | ||||||||||||||
| capital expenditure | -316,054 | |||||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -17,303 | 0 | 35,122 | 0 | -262,320 | 0 | 262,320 |
| cash flow from investments | -578,374 | |||||||||||||
| Financing Activities | ||||||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | -45,439 | 5,352 | 1,455 | 191 | 25,158 | 32,066 | -7,737 | 17,623 | 36 | 54,271 | 0 | -242,575 | -131,743 | 374,318 |
| Other Short Term Loans | 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 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | ||||||||||||||
| interest | 2,536 | -1 | 138 | 814 | 1,004 | 914 | 1,330 | 3,238 | 4,488 | 27,999 | 24,296 | |||
| cash flow from financing | -42,903 | 5,351 | 2,286 | 1,005 | 26,162 | 32,980 | -6,407 | 20,861 | 4,524 | -103,744 | 3,665,110 | |||
| cash and cash equivalents | ||||||||||||||
| cash | -37,154 | 43,403 | -31,934 | 24,105 | -22,796 | 20,723 | -126,713 | 143,662 | -1,736 | 2,152 | 0 | -205,155 | -404,123 | 609,278 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -11 | 10 | 1 | 0 | 0 | 0 | 0 |
| change in cash | -37,154 | 43,403 | -31,934 | 24,105 | -22,796 | 20,723 | -126,713 | 143,673 | -1,746 | 2,151 | 0 | -205,155 | -404,123 | 609,278 |
oceanexpress limited Credit Report and Business Information
Oceanexpress Limited Competitor Analysis
Perform a competitor analysis for oceanexpress limited by selecting its closest rivals, whether from the TRANSPORTATION AND STORAGE sector, other small companies, companies in CM9 area or any other competitors across 12 key performance metrics.
oceanexpress limited Ownership
OCEANEXPRESS LIMITED group structure
Oceanexpress Limited has no subsidiary companies.
Ultimate parent company
OTS TOPCO LTD
#0080631
OTS LOGISTICS BELGIUM NV
#0057197
2 parents
OCEANEXPRESS LIMITED
02193611
oceanexpress limited directors
Oceanexpress Limited currently has 1 director, Mr Graham Cousins serving since Jul 2016.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Graham Cousins | 49 years | Jul 2016 | - | Director |
P&L
December 2022turnover
551.3k
-6%
operating profit
-123.1k
+55%
gross margin
100%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
305.9k
-0.28%
total assets
574.6k
-0.2%
cash
13.7k
-0.73%
net assets
Total assets minus all liabilities
oceanexpress limited company details
company number
02193611
Type
Private limited with Share Capital
industry
50200 - Sea and coastal freight water transport
incorporation date
November 1987
age
38
incorporated
UK
ultimate parent company
accounts
Small Company
last accounts submitted
December 2022
previous names
fastpoise limited (April 1988)
accountant
-
auditor
BDO LLP
address
station house, station road, maldon, essex, CM9 4LQ
Bank
-
Legal Advisor
-
oceanexpress limited Charges & Mortgages
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 6 charges/mortgages relating to oceanexpress limited. Currently there are 1 open charges and 5 have been satisfied in the past.
oceanexpress limited 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.
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oceanexpress limited Companies House Filings - See Documents
| date | description | view/download |
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