ocean somali community associationEstimated Valuation
£70.4k
Pomanda estimates the enterprise value of OCEAN SOMALI COMMUNITY ASSOCIATION at £70.4k based on a Turnover of £279k and 0.25x industry multiple (adjusted for size and gross margin).
ocean somali community associationEstimated Valuation
£0
Pomanda estimates the enterprise value of OCEAN SOMALI COMMUNITY ASSOCIATION at £0 based on an EBITDA of £-11k and a 2.83x industry multiple (adjusted for size and gross margin).
ocean somali community associationEstimated Valuation
£153k
Pomanda estimates the enterprise value of OCEAN SOMALI COMMUNITY ASSOCIATION at £153k based on Net Assets of £78k and 1.96x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ocean Somali Community AssociationOverview
Ocean Somali Community Association is a live company located in london, E3 4AA with a Companies House number of 04340582. It operates in the other social work activities without accommodation n.e.c. sector, SIC Code 88990. Founded in December 2001, it's largest shareholder is
unknown.
Ocean Somali Community Association is a mature,
micro sized company, Pomanda has estimated its turnover at
£279k with
declining
growth in recent years.
Pomanda's financial health check has awarded Ocean Somali Community Association a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating3out of 5
3 Strong
1 Regular
6 Weak
Size
annual sales of £279k, make it smaller than the average company (£486.8k)
£279k - Ocean Somali Community Association
£486.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -17%, show it is growing at a slower rate (6.5%)
-17% - Ocean Somali Community Association
6.5% - Industry AVG
Production
with a gross margin of 27.2%, this company has a higher cost of product (67.8%)
27.2% - Ocean Somali Community Association
67.8% - Industry AVG
Profitability
an operating margin of -3.9% make it less profitable than the average company (3.5%)
-3.9% - Ocean Somali Community Association
3.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (14)
3 - Ocean Somali Community Association
14 - Industry AVG
Pay Structure
on an average salary of £25.1k, the company has an equivalent pay structure (£25.1k)
£25.1k - Ocean Somali Community Association
£25.1k - Industry AVG
Efficiency
resulting in sales per employee of £93k, this is more efficient (£39.5k)
£93k - Ocean Somali Community Association
£39.5k - Industry AVG
Debtor Days
it gets paid by customers after 112 days, this is later than average (14 days)
112 days - Ocean Somali Community Association
14 days - Industry AVG
Creditor Days
its suppliers are paid after 16 days, this is slower than average (5 days)
16 days - Ocean Somali Community Association
5 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ocean Somali Community Association
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ocean Somali Community Association
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 10.4%, this is a lower level of debt than the average (13%)
10.4% - Ocean Somali Community Association
13% - Industry AVG
OCEAN SOMALI COMMUNITY ASSOCIATION financials
EXPORT
Ocean Somali Community Association's latest turnover from March 2024 is estimated at £279 thousand and the company has net assets of £78 thousand. According to their latest financial statements, Ocean Somali Community Association has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Turnover
278,998
300,079
405,384
483,178
360,818
394,940
747,776
753,071
225,873
307,233
433,329
565,165
543,423
539,556
837,502
Other Income Or Grants
Cost Of Sales
203,111
220,308
290,156
353,263
263,275
284,554
534,783
524,171
169,155
248,283
356,784
449,993
681,457
Gross Profit
75,888
79,771
115,228
129,915
97,543
110,385
212,993
228,900
56,718
58,950
76,546
565,165
543,423
89,563
156,045
Admin Expenses
86,839
44,855
134,316
126,751
87,920
114,714
214,055
209,213
77,904
20,620
75,792
614,178
500,202
103,328
102,536
Operating Profit
-10,951
34,916
-19,088
3,164
9,623
-4,329
-1,062
19,687
-21,186
38,330
754
-49,013
43,221
-13,765
53,509
Interest Payable
940
Interest Receivable
65
187
Pre-Tax Profit
-10,951
34,916
-19,088
3,164
9,623
-4,329
-1,062
19,753
-20,864
29,751
-49,013
43,221
-13,341
38,685
Tax
-6,634
-601
-1,828
-3,950
Profit After Tax
-10,951
28,282
-19,088
2,563
7,795
-4,329
-1,062
15,802
-20,864
29,751
-49,013
43,221
-13,341
38,685
Dividends Paid
Retained Profit
-10,951
28,282
-19,088
2,563
7,795
-4,329
-1,062
15,802
-20,864
29,751
-49,013
43,221
-13,341
38,685
Employee Costs
75,206
70,822
157,626
196,812
215,693
275,069
290,796
290,178
147,248
163,763
173,405
216,789
199,137
329,434
425,521
Number Of Employees
3
3
7
9
10
13
14
14
11
11
8
10
28
42
50
EBITDA*
-10,951
34,916
-19,088
3,164
9,623
-4,329
-1,062
19,687
-19,756
40,460
13,436
-46,204
49,098
-8,902
57,187
* Earnings Before Interest, Tax, Depreciation and Amortisation
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Tangible Assets
949
949
799
799
799
799
799
799
799
2,229
38,051
4,866
7,675
10,025
9,741
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets
949
949
799
799
799
799
799
799
799
2,229
38,051
4,866
7,675
10,025
9,741
Stock & work in progress
7,052
Trade Debtors
86,084
98,669
101,060
116,756
80,578
79,546
114,158
73,987
43,551
113,014
102,867
Group Debtors
68,834
115,189
Misc Debtors
30,652
26,542
7,052
Cash
52,346
76,356
31,542
43,135
99,296
81,446
89,569
misc current assets
7,052
total current assets
86,084
98,669
101,060
116,756
80,578
79,546
114,158
73,987
82,998
102,898
75,093
163,201
209,215
157,332
204,758
total assets
87,033
99,618
101,859
117,555
81,377
80,345
114,957
74,786
83,797
105,127
113,144
168,067
216,890
167,357
214,499
Bank overdraft
113
Bank loan
Trade Creditors
9,037
10,671
41,194
37,802
4,187
10,950
41,233
10,459
3,957
11,672
Group/Directors Accounts
other short term finances
28,932
hp & lease commitments
other current liabilities
24,390
24,856
10,269
25,973
total current liabilities
9,037
10,671
41,194
37,802
4,187
10,950
41,233
24,390
24,856
28,932
10,459
10,269
3,957
37,758
loans
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
total long term liabilities
total liabilities
9,037
10,671
41,194
37,802
4,187
10,950
41,233
24,390
24,856
28,932
10,459
10,269
3,957
37,758
net assets
77,996
88,947
60,665
79,753
77,190
69,395
73,724
74,786
59,407
80,271
84,212
157,608
206,621
163,400
176,741
total shareholders funds
77,996
88,947
60,665
79,753
77,190
69,395
73,724
74,786
59,407
80,271
84,212
157,608
206,621
163,400
176,741
Mar 2024
Mar 2023
Mar 2022
Mar 2021
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Mar 2014
Mar 2013
Mar 2012
Mar 2011
Mar 2010
Operating Activities
Operating Profit
-10,951
34,916
-19,088
3,164
9,623
-4,329
-1,062
19,687
-21,186
38,330
754
-49,013
43,221
-13,765
53,509
Depreciation
1,430
2,130
12,682
2,809
5,877
4,863
3,678
Amortisation
Tax
-6,634
-601
-1,828
-3,950
Stock
-7,052
7,052
Debtors
-12,585
-2,391
-15,696
36,178
1,032
-34,612
40,171
43,335
4,110
-17,009
-69,463
10,147
26,981
-39,303
115,189
Creditors
-1,634
-30,523
3,392
33,615
-6,763
-30,283
41,233
-10,459
10,459
-3,957
-7,715
11,672
Accruals and Deferred Income
-24,390
-466
24,856
-10,269
10,269
-25,973
25,973
Deferred Taxes & Provisions
Cash flow from operations
150
-51,988
-24,332
82,325
72,440
-49,109
21,377
-3,287
-20,357
Investing Activities
capital expenditure
-150
-45,867
-3,527
-5,147
-13,419
Change in Investments
cash flow from investments
-150
-45,867
-3,527
-5,147
-13,419
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
-28,932
28,932
Long term loans
Hire Purchase and Lease Commitments
other long term liabilities
share issue
-423
-33,692
-73,396
138,056
interest
65
-753
cash flow from financing
-358
-62,624
-45,217
138,056
cash and cash equivalents
cash
-52,346
-24,010
44,814
-11,593
-56,161
17,850
-8,123
89,569
overdraft
-113
113
change in cash
-52,346
-24,010
44,814
-11,593
-56,161
17,850
-8,010
89,456
ocean somali community association 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 somali community association. Get real-time insights into ocean somali community association's credit score, group structure and payment trends.
Ocean Somali Community Association Competitor Analysis
Perform a competitor analysis for ocean somali community association by selecting its closest rivals, whether from the HUMAN HEALTH AND SOCIAL WORK ACTIVITIES sector, other micro companies, companies in E 3 area or any other competitors across 12 key performance metrics.
ocean somali community association Ownership
OCEAN SOMALI COMMUNITY ASSOCIATION group structure
Ocean Somali Community Association has no subsidiary companies.
Ultimate parent company
OCEAN SOMALI COMMUNITY ASSOCIATION
04340582
OCEAN SOMALI COMMUNITY ASSOCIATION Shareholders
The sole shareholder of Ocean Somali Community Association is -.
-
-
ocean somali community association directors
Ocean Somali Community Association currently has 4 directors.
The longest serving directors include
Mr Faisal Ali (Dec 2001) and
Mrs Ayan Said (Dec 2017).
ocean somali community association company details
company number
04340582
Type
Private Ltd By Guarantee w/o Share Cap
industry
88990 - Other social work activities without accommodation n.e.c.
incorporation date
December 2001
age
24
incorporated
UK
ultimate parent company
None
accounts
Micro-Entity Accounts
last accounts submitted
March 2024
previous names
ocean somali community development limited (June 2002)
accountant
-
auditor
-
address
concordia community centre arche, burdett road, london, E3 4AA
Bank
BARCLAYS BANK PLC
Legal Advisor
-
ocean somali community association 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 did not find charges/mortgages relating to ocean somali community association.
ocean somali community association 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 SOMALI COMMUNITY ASSOCIATION. This can take several minutes, an email will notify you when this has completed.
ocean somali community associationCompanies House Filings - See Documents
