ocado solutions limited
ocado solutions limited Company Information
Company Number
04204963
Next Accounts
Sep 2025
Shareholders
ocado group plc
Group Structure
View All
Industry
Other information technology and computer service activities
Registered Address
buildings one & two, trident place, hatfield, hertfordshire, AL10 9UL
Website
www.ocadogroup.comocado solutions limited Estimated Valuation
Pomanda estimates the enterprise value of OCADO SOLUTIONS LIMITED at £78.2m based on a Turnover of £48.6m and 1.61x industry multiple (adjusted for size and gross margin).
ocado solutions limited Estimated Valuation
Pomanda estimates the enterprise value of OCADO SOLUTIONS LIMITED at £0 based on an EBITDA of £-53.5m and a 10.96x industry multiple (adjusted for size and gross margin).
ocado solutions limited Estimated Valuation
Pomanda estimates the enterprise value of OCADO SOLUTIONS LIMITED at £0 based on Net Assets of £-257.6m and 2.25x industry multiple (adjusted for liquidity).
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Ocado Solutions Limited Overview
Ocado Solutions Limited is a live company located in hatfield, AL10 9UL with a Companies House number of 04204963. It operates in the other information technology service activities sector, SIC Code 62090. Founded in April 2001, it's largest shareholder is ocado group plc with a 100% stake. Ocado Solutions Limited is a mature, large sized company, Pomanda has estimated its turnover at £48.6m with rapid growth in recent years.
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Ocado Solutions Limited Health Check
Pomanda's financial health check has awarded Ocado Solutions Limited a 3 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
4 Strong
3 Regular
3 Weak
Size
annual sales of £48.6m, make it larger than the average company (£7.3m)
£48.6m - Ocado Solutions Limited
£7.3m - Industry AVG
Growth
3 year (CAGR) sales growth of 116%, show it is growing at a faster rate (8%)
116% - Ocado Solutions Limited
8% - Industry AVG
Production
with a gross margin of 51.5%, this company has a comparable cost of product (51.5%)
51.5% - Ocado Solutions Limited
51.5% - Industry AVG
Profitability
an operating margin of -110.7% make it less profitable than the average company (3.5%)
-110.7% - Ocado Solutions Limited
3.5% - Industry AVG
Employees
with 273 employees, this is above the industry average (43)
- Ocado Solutions Limited
43 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- Ocado Solutions Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £178k, this is equally as efficient (£178.1k)
- Ocado Solutions Limited
£178.1k - Industry AVG
Debtor Days
it gets paid by customers after 56 days, this is near the average (52 days)
56 days - Ocado Solutions Limited
52 days - Industry AVG
Creditor Days
its suppliers are paid after 437 days, this is slower than average (33 days)
437 days - Ocado Solutions Limited
33 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ocado Solutions Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (14 weeks)
0 weeks - Ocado Solutions Limited
14 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 188.9%, this is a higher level of debt than the average (64.7%)
188.9% - Ocado Solutions Limited
64.7% - Industry AVG
OCADO SOLUTIONS LIMITED financials
Ocado Solutions Limited's latest turnover from December 2023 is £48.6 million and the company has net assets of -£257.6 million. According to their latest financial statements, we estimate that Ocado Solutions Limited has 273 employees and maintains cash reserves of £3.3 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Dec 2013 | Dec 2012 | Nov 2011 | Nov 2010 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 48,600,000 | 33,000,000 | 20,400,000 | 4,800,000 | 500,000 | 100,000 | 100,000 | ||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | 500,000 | 100,000 | 200,000 | ||||||||||||
| Gross Profit | 20,400,000 | 4,300,000 | 500,000 | -100,000 | |||||||||||
| Admin Expenses | 89,900,000 | 63,400,000 | 21,800,000 | 4,400,000 | |||||||||||
| Operating Profit | -53,800,000 | -66,000,000 | -69,500,000 | -59,100,000 | -21,300,000 | -4,400,000 | -100,000 | ||||||||
| Interest Payable | 2,400,000 | 2,800,000 | 4,500,000 | ||||||||||||
| Interest Receivable | 800,000 | 400,000 | |||||||||||||
| Pre-Tax Profit | -60,500,000 | -39,900,000 | -73,200,000 | -58,700,000 | -21,300,000 | -4,400,000 | -100,000 | ||||||||
| Tax | -1,800,000 | 1,800,000 | |||||||||||||
| Profit After Tax | -60,500,000 | -39,900,000 | -73,200,000 | -60,500,000 | -19,500,000 | -4,400,000 | -100,000 | ||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | -60,500,000 | -39,900,000 | -73,200,000 | -60,500,000 | -19,500,000 | -4,400,000 | -100,000 | ||||||||
| Employee Costs | |||||||||||||||
| Number Of Employees | 5 | ||||||||||||||
| EBITDA* | -53,500,000 | -66,000,000 | -69,500,000 | -59,100,000 | -21,300,000 | -4,400,000 | -100,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Dec 2013 | Dec 2012 | Nov 2011 | Nov 2010 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 260,800,000 | 197,300,000 | 3,600,000 | ||||||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | 19,900,000 | 2,400,000 | 300,000 | 100,000 | |||||||||||
| Debtors (Due After 1 year) | 257,000,000 | 204,800,000 | 260,100,000 | 196,500,000 | 1,800,000 | ||||||||||
| Total Fixed Assets | 276,900,000 | 207,200,000 | 260,700,000 | 197,200,000 | 1,800,000 | ||||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 7,500,000 | 13,900,000 | 20,400,000 | 24,700,000 | 7,900,000 | 300,000 | 6,100,000 | ||||||||
| Group Debtors | 119,800,000 | 60,500,000 | 1,400,000 | ||||||||||||
| Misc Debtors | 2,000,000 | 2,100,000 | 700,000 | ||||||||||||
| Cash | 3,300,000 | 29,500,000 | 17,200,000 | 1,500,000 | 2,300,000 | 4,700,000 | |||||||||
| misc current assets | |||||||||||||||
| total current assets | 12,800,000 | 45,500,000 | 37,600,000 | 26,200,000 | 130,000,000 | 66,200,000 | 7,500,000 | ||||||||
| total assets | 289,700,000 | 252,700,000 | 298,300,000 | 223,400,000 | 131,800,000 | 66,200,000 | 7,500,000 | ||||||||
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 28,300,000 | 25,400,000 | 300,000 | 9,900,000 | |||||||||||
| Group/Directors Accounts | 143,000,000 | 60,200,000 | |||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| other current liabilities | 900,000 | 1,200,000 | 134,200,000 | 51,800,000 | 10,700,000 | 4,500,000 | 600,000 | ||||||||
| total current liabilities | 172,200,000 | 86,800,000 | 134,500,000 | 61,700,000 | 10,700,000 | 4,500,000 | 600,000 | ||||||||
| loans | |||||||||||||||
| hp & lease commitments | |||||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 375,100,000 | 363,000,000 | 321,100,000 | 245,800,000 | 144,800,000 | 66,200,000 | 7,000,000 | ||||||||
| provisions | |||||||||||||||
| total long term liabilities | 375,100,000 | 363,000,000 | 321,100,000 | 245,800,000 | 144,800,000 | 66,200,000 | 7,000,000 | ||||||||
| total liabilities | 547,300,000 | 449,800,000 | 455,600,000 | 307,500,000 | 155,500,000 | 70,700,000 | 7,600,000 | ||||||||
| net assets | -257,600,000 | -197,100,000 | -157,300,000 | -84,100,000 | -23,700,000 | -4,500,000 | -100,000 | ||||||||
| total shareholders funds | -257,600,000 | -197,100,000 | -157,300,000 | -84,100,000 | -23,700,000 | -4,500,000 | -100,000 |
| Dec 2023 | Nov 2022 | Nov 2021 | Nov 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Nov 2016 | Nov 2015 | Nov 2014 | Dec 2013 | Dec 2012 | Nov 2011 | Nov 2010 | Apr 2010 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||||
| Operating Profit | -53,800,000 | -66,000,000 | -69,500,000 | -59,100,000 | -21,300,000 | -4,400,000 | -100,000 | ||||||||
| Depreciation | 300,000 | ||||||||||||||
| Amortisation | |||||||||||||||
| Tax | -1,800,000 | 1,800,000 | |||||||||||||
| Stock | |||||||||||||||
| Debtors | 45,700,000 | -59,700,000 | 59,300,000 | 91,700,000 | 68,000,000 | 54,000,000 | 7,500,000 | ||||||||
| Creditors | 2,900,000 | 25,100,000 | -9,600,000 | 9,900,000 | |||||||||||
| Accruals and Deferred Income | -300,000 | -133,000,000 | 82,400,000 | 41,100,000 | 6,200,000 | 3,900,000 | 600,000 | ||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | -96,600,000 | -114,200,000 | -56,000,000 | -101,600,000 | -81,300,000 | -54,500,000 | -7,000,000 | ||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | 17,500,000 | 2,100,000 | 200,000 | 100,000 | |||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | 82,800,000 | 60,200,000 | |||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||||
| other long term liabilities | 12,100,000 | 41,900,000 | 75,300,000 | 101,000,000 | 78,600,000 | 59,200,000 | 7,000,000 | ||||||||
| share issue | |||||||||||||||
| interest | -2,400,000 | -2,800,000 | -3,700,000 | 400,000 | |||||||||||
| cash flow from financing | 92,500,000 | 99,400,000 | 71,600,000 | 101,500,000 | 78,900,000 | 59,200,000 | 7,000,000 | ||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -26,200,000 | 12,300,000 | 15,700,000 | -800,000 | -2,400,000 | 4,700,000 | |||||||||
| overdraft | |||||||||||||||
| change in cash | -26,200,000 | 12,300,000 | 15,700,000 | -800,000 | -2,400,000 | 4,700,000 |
ocado solutions limited Credit Report and Business Information
Ocado Solutions Limited Competitor Analysis
Perform a competitor analysis for ocado solutions limited by selecting its closest rivals, whether from the INFORMATION AND COMMUNICATION sector, other large companies, companies in AL10 area or any other competitors across 12 key performance metrics.
ocado solutions limited Ownership
OCADO SOLUTIONS LIMITED group structure
Ocado Solutions Limited has no subsidiary companies.
ocado solutions limited directors
Ocado Solutions Limited currently has 5 directors. The longest serving directors include Mr Neill Abrams (Jun 2001) and Mr Timothy Steiner (Jun 2014).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Neill Abrams | United Kingdom | 60 years | Jun 2001 | - | Director |
| Mr Timothy Steiner | United Kingdom | 55 years | Jun 2014 | - | Director |
| Mr Mark Richardson | United Kingdom | 60 years | Jun 2014 | - | Director |
| Mr Stephen Daintith | 60 years | Mar 2021 | - | Director | |
| Mr John Martin | United Kingdom | 58 years | Oct 2023 | - | Director |
P&L
December 2023turnover
48.6m
+47%
operating profit
-53.8m
-18%
gross margin
51.5%
-0.62%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-257.6m
+0.31%
total assets
289.7m
+0.15%
cash
3.3m
-0.89%
net assets
Total assets minus all liabilities
Similar Companies
ocado solutions limited company details
company number
04204963
Type
Private limited with Share Capital
industry
62090 - Other information technology and computer service activities
incorporation date
April 2001
age
24
incorporated
UK
ultimate parent company
accounts
Full Accounts
last accounts submitted
December 2023
previous names
ocado international holdings limited (June 2018)
jalapeno partners limited (April 2017)
See moreaccountant
-
auditor
DELOITTE LLP
address
buildings one & two, trident place, hatfield, hertfordshire, AL10 9UL
Bank
-
Legal Advisor
-
ocado solutions 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 4 charges/mortgages relating to ocado solutions limited. Currently there are 4 open charges and 0 have been satisfied in the past.
ocado solutions 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.
Click to start generating capital raising & share issue transactions for OCADO SOLUTIONS LIMITED. This can take several minutes, an email will notify you when this has completed.
ocado solutions limited Companies House Filings - See Documents
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