Ocean Associates Limited

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ocean associates limited Company Information

Live

MatureMicroHigh

Company Number

04602895

Next Accounts

Aug 2025

Industry

Management consultancy activities (other than financial management)

Directors

Paul Eden

Vivien Eden

Shareholders

vivien eden

paul eden

Group Structure

View All

Contact

Registered Address

6 clinton avenue, nottingham, NG5 1AW

Website

www.oceanassoc.com

ocean associates limited Estimated Valuation

£165.5k

Pomanda estimates the enterprise value of OCEAN ASSOCIATES LIMITED at £165.5k based on Net Assets of £61.3k and 2.7x industry multiple (adjusted for liquidity).

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Ocean Associates Limited is a live company located in nottingham, NG5 1AW with a Companies House number of 04602895. It operates in the management consultancy activities other than financial management sector, SIC Code 70229. Founded in November 2002, it's largest shareholder is vivien eden with a 50% stake. Ocean Associates Limited is a mature, micro sized company, Pomanda has estimated its turnover at £108.5k with high growth in recent years.

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Pomanda's financial health check has awarded Ocean Associates Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating3out of 5

3 Strong

2 Regular

5 Weak

Size

annual sales of £108.5k, make it smaller than the average company (£268.8k)

Growth

3 year (CAGR) sales growth of 26%, show it is growing at a faster rate (8%)

EXPORT

Ocean Associates Limited's latest turnover from November 2023 is estimated at £108.5 thousand and the company has net assets of £61.3 thousand. According to their latest financial statements, Ocean Associates Limited has 1 employee and maintains cash reserves of 0 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	108,465	99,296	104,199	54,402	67,753	266,462	260,502	310,674	228,155	38,068	8,327	15,500	15,933	21,370	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	81,349	74,494	79,938	40,900	50,708	190,934	181,280	219,423	163,973	26,505	5,831	10,075	10,347	13,648	0
Gross Profit	27,116	24,803	24,261	13,502	17,045	75,528	79,222	91,250	64,182	11,563	2,496	5,425	5,586	7,722	0
Admin Expenses	38,883	15,825	48,422	11,409	35,195	56,070	53,076	48,467	38,587	21,027	14,400	-34,125	-224	23,335	-22,015
Operating Profit	-11,767	8,978	-24,161	2,093	-18,150	19,458	26,146	42,783	25,595	-9,464	-11,904	39,550	5,810	-15,613	22,015
Interest Payable	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	0	0	35	82	353	0	0	0	93	200	302	275	133	147	93
Pre-Tax Profit	-11,767	8,978	-24,126	2,175	-17,797	19,458	26,146	42,783	25,688	-9,264	-11,602	39,825	5,943	-15,466	22,108
Tax	0	-1,706	0	-413	0	-3,697	-4,968	-8,556	-5,137	0	0	-9,558	-1,545	0	-6,190
Profit After Tax	-11,767	7,272	-24,126	1,762	-17,797	15,761	21,178	34,226	20,550	-9,264	-11,602	30,267	4,398	-15,466	15,918
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-11,767	7,272	-24,126	1,762	-17,797	15,761	21,178	34,226	20,550	-9,264	-11,602	30,267	4,398	-15,466	15,918
Employee Costs	42,594	39,670	39,597	68,463	84,489	94,174	83,911	100,160	52,448	52,027	51,548	54,217	48,761	49,205	0
Number Of Employees	1	1	1	2	2	2	2	2	1	1	1	1	1	1	0
EBITDA*	-11,767	8,978	-23,412	2,833	-18,150	19,458	26,146	42,783	25,595	-9,242	-11,643	39,797	6,100	-15,272	22,263

* 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	3,836	3,605	4,243	4,191	4,036	3,372	1,162	1,367	1,608	1,256	1,478	1,398	1,645	1,935	1,408
Intangible Assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Investments & Other	0	0	0	1	1	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	3,836	3,605	4,243	4,192	4,037	3,372	1,162	1,367	1,608	1,256	1,478	1,398	1,645	1,935	1,408
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	66,929	71,727	62,811	14,179	15,720	142,291	131,868	116,572	75,011	7,800	480	540	2,213	4,213	14,915
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	0	0	0	21,834	25	0	0	0	0	0	0	0	0	0	0
Cash	0	0	0	70,299	94,040	0	0	0	0	37,190	42,720	78,028	31,810	21,493	37,332
misc current assets	0	0	1,017	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	66,929	71,727	63,828	106,312	109,785	142,291	131,868	116,572	75,011	44,990	43,200	78,568	34,023	25,706	52,247
total assets	70,765	75,332	68,071	110,504	113,822	145,663	133,030	117,939	76,619	46,246	44,678	79,966	35,668	27,641	53,655
Bank overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	7,276	1,255	0	12,502	0	38,917	42,075	48,012	41,818	31,993	21,162	44,848	30,817	27,188	37,736
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0
other current liabilities	0	0	0	7,273	25,651	0	0	0	0	0	0	0	0	0	0
total current liabilities	7,276	1,255	0	19,775	25,651	38,917	42,075	48,012	41,818	31,993	21,162	44,848	30,817	27,188	37,736
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	2,179	1,000	1,460	0	0	780	750	900	0	0	0	0	0	0	0
other liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
provisions	0	0	806	796	0	0	0	0	0	0	0	0	0	0	0
total long term liabilities	2,179	1,000	2,266	796	0	780	750	900	0	0	0	0	0	0	0
total liabilities	9,455	2,255	2,266	20,571	25,651	39,697	42,825	48,912	41,818	31,993	21,162	44,848	30,817	27,188	37,736
net assets	61,310	73,077	65,805	89,933	88,171	105,966	90,205	69,027	34,801	14,253	23,516	35,118	4,851	453	15,919
total shareholders funds	61,310	73,077	65,805	89,933	88,171	105,966	90,205	69,027	34,801	14,253	23,516	35,118	4,851	453	15,919

	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	-11,767	8,978	-24,161	2,093	-18,150	19,458	26,146	42,783	25,595	-9,464	-11,904	39,550	5,810	-15,613	22,015
Depreciation	0	0	749	740	0	0	0	0	0	222	261	247	290	341	248
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-1,706	0	-413	0	-3,697	-4,968	-8,556	-5,137	0	0	-9,558	-1,545	0	-6,190
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	-4,798	8,916	26,798	20,268	-126,546	10,423	15,296	41,561	67,211	7,320	-60	-1,673	-2,000	-10,702	14,915
Creditors	6,021	1,255	-12,502	12,502	-38,917	-3,158	-5,937	6,194	9,825	10,831	-23,686	14,031	3,629	-10,548	37,736
Accruals and Deferred Income	1,179	-460	-5,813	-18,378	24,871	30	-150	900	0	0	0	0	0	0	0
Deferred Taxes & Provisions	0	-806	10	796	0	0	0	0	0	0	0	0	0	0	0
Cash flow from operations	231	-1,655	-68,515	-22,928	94,350	2,210	-205	-240	-36,928	-5,731	-35,269	45,943	10,184	-15,118	38,894
Investing Activities
capital expenditure	-231	638	-801	-895	-664	-2,210	205	241	-352	0	-341	0	0	-868	-1,656
Change in Investments	0	0	-1	0	1	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-231	638	-800	-895	-665	-2,210	205	241	-352	0	-341	0	0	-868	-1,656
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	0	0	0	0	0	0	0	0	0	0	0	0	0	0	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	0	0
other long term liabilities	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	-2	0	2	0	0	0	-2	1	0	0	0	0	1
interest	0	0	35	82	353	0	0	0	93	200	302	275	133	147	93
cash flow from financing	0	0	33	82	355	0	0	0	91	201	302	275	133	147	94
cash and cash equivalents
cash	0	0	-70,299	-23,741	94,040	0	0	0	-37,190	-5,530	-35,308	46,218	10,317	-15,839	37,332
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	0	0	-70,299	-23,741	94,040	0	0	0	-37,190	-5,530	-35,308	46,218	10,317	-15,839	37,332

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OCEAN ASSOCIATES LIMITED group structure

Ocean Associates Limited has no subsidiary companies.

Ultimate parent company

OCEAN ASSOCIATES LIMITED

04602895

OCEAN ASSOCIATES LIMITED Shareholders

vivien eden	50%
paul eden	50%

Ocean Associates Limited currently has 2 directors. The longest serving directors include Mr Paul Eden (Nov 2002) and Mrs Vivien Eden (Nov 2004).

officer	country	age	start	end	role
Mr Paul Eden	United Kingdom	57 years	Nov 2002	-	Director
Mrs Vivien Eden	England	49 years	Nov 2004	-	Director

P&L

November 2023

turnover

108.5k

+9%

operating profit

-11.8k

gross margin

25%

+0.09%

turnover

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

Balance Sheet

November 2023

net assets

61.3k

-0.16%

total assets

70.8k

-0.06%

cash

net assets

Total assets minus all liabilities

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company number

04602895

Type

Private limited with Share Capital

industry

70229 - Management consultancy activities (other than financial management)

incorporation date

November 2002

ultimate parent company

None

previous names

N/A

address

6 clinton avenue, nottingham, NG5 1AW

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ocean associates limited Company Information

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ocean associates limited Estimated Valuation

ocean associates limited Estimated Valuation

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