Ocean Films Limited

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ocean films limited Company Information

Live

EstablishedMicroDeclining

Company Number

05751225

Website

www.film-ocean.com

Registered Address

5 tylers close, godstone, surrey, RH9 8AN

Industry

Other personal service activities n.e.c.

Telephone

441358575000

Next Accounts Due

December 2024

Group Structure

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Directors

Ian Creed18 Years

Shareholders

ian sheldon creed 50%

deborah anne creed 50%

ocean films limited Estimated Valuation

£89.2k

Pomanda estimates the enterprise value of OCEAN FILMS LIMITED at £89.2k based on Net Assets of £43.9k and 2.03x industry multiple (adjusted for liquidity).

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Ocean Films Limited is a live company located in surrey, RH9 8AN with a Companies House number of 05751225. It operates in the other service activities n.e.c. sector, SIC Code 96090. Founded in March 2006, it's largest shareholder is ian sheldon creed with a 50% stake. Ocean Films Limited is a established, micro sized company, Pomanda has estimated its turnover at £69.4k with declining growth in recent years.

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Pomanda's financial health check has awarded Ocean Films Limited a 1.5 rating. We use a traffic light system to show it exceeds the industry average on 0 measures and has 5 areas for improvement. Company Health Check FAQs

Health Rating1.5out of 5

0 Strong

4 Regular

5 Weak

Size

annual sales of £69.4k, make it smaller than the average company (£797.9k)

Growth

3 year (CAGR) sales growth of -12%, show it is growing at a slower rate (5.2%)

EXPORT

Ocean Films Limited's latest turnover from March 2023 is estimated at £69.4 thousand and the company has net assets of £43.9 thousand. According to their latest financial statements, Ocean Films Limited has 1 employee and maintains cash reserves of £68.1 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	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	69,418	38,687	490,151	101,219	167,223	650,142	37,537	5,139	73,617	163,548	236,748	283,675	62,963	0
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	40,916	23,195	301,108	60,768	100,183	393,839	22,145	3,003	43,768	97,333	135,706	164,459	34,778	0
Gross Profit	28,502	15,492	189,043	40,451	67,041	256,303	15,393	2,135	29,849	66,215	101,043	119,216	28,185	0
Admin Expenses	121,085	-80,613	182,277	52,839	66,770	177,955	3,715	-5,735	27,959	76,411	114,774	107,944	29,040	-58
Operating Profit	-92,583	96,105	6,766	-12,388	271	78,348	11,678	7,870	1,890	-10,196	-13,731	11,272	-855	58
Interest Payable	735	341	1,023	1,512	1,629	1,001	584	326	0	0	0	0	0	0
Interest Receivable	5,385	1,291	80	0	29	24	2	0	0	0	2	15	13	0
Pre-Tax Profit	-87,933	97,056	5,823	-13,900	-1,330	77,370	11,096	7,544	1,890	-10,196	-13,729	11,286	-842	58
Tax	0	-18,441	-1,106	0	0	-14,700	-2,219	-1,509	-397	0	0	-2,934	0	-16
Profit After Tax	-87,933	78,615	4,717	-13,900	-1,330	62,670	8,877	6,035	1,493	-10,196	-13,729	8,352	-842	42
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	-87,933	78,615	4,717	-13,900	-1,330	62,670	8,877	6,035	1,493	-10,196	-13,729	8,352	-842	42
Employee Costs	27,588	26,511	25,236	24,633	24,603	23,941	23,814	25,101	49,717	74,246	123,885	123,079	48,567	0
Number Of Employees	1	1	1	1	1	1	1	1	2	3	5	5	2	0
EBITDA*	-50,495	161,942	61,423	27,307	40,072	95,270	14,651	9,927	7,255	-4,831	-9,481	14,419	1,981	58

* Earnings Before Interest, Tax, Depreciation and Amortisation

	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	70,927	111,649	74,584	63,430	102,168	49,437	13,084	106	2,021	7,386	12,751	9,441	8,507	0
Intangible Assets	0	0	0	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
Debtors (Due After 1 year)	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Total Fixed Assets	70,927	111,649	74,584	63,430	102,168	49,437	13,084	106	2,021	7,386	12,751	9,441	8,507	0
Stock & work in progress	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Debtors	0	1,732	86,276	14,505	28,569	97,059	1,218	0	4,281	11,591	20,658	29,496	4,323	0
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	51,248	34,307	1,358	17,270	6,189	3,352	7,474	8,529	0	0	0	0	0	44
Cash	68,149	185,251	159,117	171	2	7,617	1,801	5	1	20	0	933	5,024	0
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	119,397	221,290	246,751	31,946	34,760	108,028	10,493	8,534	4,282	11,611	20,658	30,429	9,347	44
total assets	190,324	332,939	321,335	95,376	136,928	157,465	23,577	8,640	6,303	18,997	33,409	39,870	17,854	44
Bank overdraft	14,337	0	5,764	15,207	13,613	5,682	8,661	10,024	0	0	0	0	0	0
Bank loan	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Trade Creditors	0	4,480	17,191	2,848	3,511	0	0	960	20,183	34,370	38,586	30,874	18,652	0
Group/Directors Accounts	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
hp & lease commitments	3,519	4,433	1,566	1,566	1,566	1,566	0	0	0	0	0	0	0	0
other current liabilities	39,695	62,734	96,422	4,272	21,663	55,777	11,660	5,501	0	0	0	0	0	0
total current liabilities	57,551	71,647	120,943	23,893	40,353	63,025	20,321	16,485	20,183	34,370	38,586	30,874	18,652	0
loans	0	0	4,341	8,218	12,526	16,460	0	0	0	0	0	0	0	0
hp & lease commitments	7,624	11,142	1,045	2,741	4,308	5,874	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	67,802	97,133	127,646	0	0	0	0	0	0	0	0	0	0	0
provisions	13,476	21,213	14,171	12,052	17,369	8,404	2,224	0	0	0	0	1,442	0	0
total long term liabilities	88,902	129,488	147,203	23,011	34,203	30,738	2,224	0	0	0	0	1,442	0	0
total liabilities	146,453	201,135	268,146	46,904	74,556	93,763	22,545	16,485	20,183	34,370	38,586	32,316	18,652	0
net assets	43,871	131,804	53,189	48,472	62,372	63,702	1,032	-7,845	-13,880	-15,373	-5,177	7,554	-798	44
total shareholders funds	43,871	131,804	53,189	48,472	62,372	63,702	1,032	-7,845	-13,880	-15,373	-5,177	7,554	-798	44

	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	-92,583	96,105	6,766	-12,388	271	78,348	11,678	7,870	1,890	-10,196	-13,731	11,272	-855	58
Depreciation	42,088	65,837	54,657	39,695	39,801	16,922	2,973	2,057	5,365	5,365	4,250	3,147	2,836	0
Amortisation	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Tax	0	-18,441	-1,106	0	0	-14,700	-2,219	-1,509	-397	0	0	-2,934	0	-16
Stock	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Debtors	15,209	-51,595	55,859	-2,983	-65,653	91,719	163	4,248	-7,310	-9,067	-8,838	25,173	4,279	44
Creditors	-4,480	-12,711	14,343	-663	3,511	0	-960	-19,223	-14,187	-4,216	7,712	12,222	18,652	0
Accruals and Deferred Income	-23,039	-33,688	92,150	-17,391	-34,114	44,117	6,159	5,501	0	0	0	0	0	0
Deferred Taxes & Provisions	-7,737	7,042	2,119	-5,317	8,965	6,180	2,224	0	0	0	-1,442	1,442	0	0
Cash flow from operations	-100,960	155,739	113,070	6,919	84,087	39,148	19,692	-9,552	-19	20	5,627	-24	16,354	-2
Investing Activities
capital expenditure	-1,366	-102,902	-65,811	-957	-92,532	-53,275	-15,951	-142	0	0	-7,560	-4,081	-11,343	0
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-1,366	-102,902	-65,811	-957	-92,532	-53,275	-15,951	-142	0	0	-7,560	-4,081	-11,343	0
Financing Activities
Bank loans	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
Other Short Term Loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Long term loans	0	-4,341	-3,877	-4,308	-3,934	16,460	0	0	0	0	0	0	0	0
Hire Purchase and Lease Commitments	-4,432	12,964	-1,696	-1,567	-1,566	7,440	0	0	0	0	0	0	0	0
other long term liabilities	-29,331	-30,513	127,646	0	0	0	0	0	0	0	0	0	0	0
share issue	0	0	0	0	0	0	0	0	0	0	998	0	0	2
interest	4,650	950	-943	-1,512	-1,600	-977	-582	-326	0	0	2	15	13	0
cash flow from financing	-29,113	-20,940	121,130	-7,387	-7,100	22,923	-582	-326	0	0	1,000	15	13	2
cash and cash equivalents
cash	-117,102	26,134	158,946	169	-7,615	5,816	1,796	4	-19	20	-933	-4,091	5,024	0
overdraft	14,337	-5,764	-9,443	1,594	7,931	-2,979	-1,363	10,024	0	0	0	0	0	0
change in cash	-131,439	31,898	168,389	-1,425	-15,546	8,795	3,159	-10,020	-19	20	-933	-4,091	5,024	0

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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Perform a competitor analysis for ocean films limited by selecting its closest rivals, whether from the OTHER SERVICE ACTIVITIES sector, other micro companies, companies in RH9 area or any other competitors across 12 key performance metrics.

OCEAN FILMS LIMITED group structure

Ocean Films Limited has no subsidiary companies.

Ultimate parent company

OCEAN FILMS LIMITED

05751225

OCEAN FILMS LIMITED Shareholders

ian sheldon creed	50%
deborah anne creed	50%

Ocean Films Limited currently has 1 director, Mr Ian Creed serving since Mar 2006.

officer	country	age	start	end	role
Mr Ian Creed	England	57 years	Mar 2006	-	Director

P&L

March 2023

turnover

69.4k

+79%

operating profit

-92.6k

gross margin

41.1%

+2.53%

turnover

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

Balance Sheet

March 2023

net assets

43.9k

-0.67%

total assets

190.3k

-0.43%

cash

68.1k

-0.63%

net assets

Total assets minus all liabilities

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company number

05751225

Type

Private limited with Share Capital

industry

96090 - Other personal service activities n.e.c.

incorporation date

March 2006

ultimate parent company

None

previous names

N/A

address

5 tylers close, godstone, surrey, RH9 8AN

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.

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ocean films limited Company Information

ocean films limited Estimated Valuation

ocean films limited Estimated Valuation

ocean films limited Estimated Valuation

Ocean Films Limited Overview

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