The Ocean Inn Limited

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the ocean inn limited Company Information

Live

EstablishedMicroHealthy

Company Number

06245745

Website

www.theoceaninn.com

Registered Address

unit 2.02 high weald house, glovers end, bexhill, east sussex, TN39 5ES

Industry

Public houses and bars

Telephone

01303872152

Next Accounts Due

February 2025

Group Structure

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Directors

Deborah Lamb17 Years

Shareholders

deborah june lamb 100%

the ocean inn limited Estimated Valuation

£528.4k

Pomanda estimates the enterprise value of THE OCEAN INN LIMITED at £528.4k based on an EBITDA of £131.8k and a 4.01x industry multiple (adjusted for size and gross margin).

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The Ocean Inn Limited is a live company located in bexhill, TN39 5ES with a Companies House number of 06245745. It operates in the public houses and bars sector, SIC Code 56302. Founded in May 2007, it's largest shareholder is deborah june lamb with a 100% stake. The Ocean Inn Limited is a established, micro sized company, Pomanda has estimated its turnover at £452.8k with healthy growth in recent years.

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Pomanda's financial health check has awarded The Ocean Inn Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 3 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

6 Strong

3 Regular

3 Weak

Size

annual sales of £452.8k, make it in line with the average company (£446.8k)

Growth

3 year (CAGR) sales growth of 4%, show it is growing at a faster rate (2.8%)

EXPORT

The Ocean Inn Limited's latest turnover from May 2023 is estimated at £452.8 thousand and the company has net assets of £554.1 thousand. According to their latest financial statements, The Ocean Inn Limited has 14 employees and maintains cash reserves of £600.5 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Turnover	452,796	368,547	212,162	397,608	313,791	470,644	488,944	499,493	1,561,423	785,525	522,398	1,148,189	637,935	814,725
Other Income Or Grants	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Cost Of Sales	201,881	150,735	88,565	167,664	135,586	200,659	207,162	213,770	692,754	349,746	240,412	539,505	287,690	373,102
Gross Profit	250,915	217,812	123,596	229,943	178,205	269,986	281,781	285,723	868,669	435,779	281,986	608,684	350,245	441,624
Admin Expenses	124,981	87,524	10,630	250,782	134,804	236,688	207,007	261,545	843,325	414,739	302,470	599,504	330,332	335,103
Operating Profit	125,934	130,288	112,966	-20,839	43,401	33,298	74,774	24,178	25,344	21,040	-20,484	9,180	19,913	106,521
Interest Payable	0	1,505	1,312	0	0	0	0	0	0	0	0	0	0	0
Interest Receivable	25,757	4,804	317	242	1,871	1,071	400	552	514	459	397	458	399	150
Pre-Tax Profit	151,691	133,588	111,972	-20,597	45,272	34,369	75,174	24,730	25,859	21,499	-20,087	9,638	20,312	106,671
Tax	-37,923	-25,382	-21,275	0	-8,602	-6,530	-14,283	-4,946	-5,172	-4,515	0	-2,313	-5,281	-29,868
Profit After Tax	113,768	108,206	90,697	-20,597	36,670	27,839	60,891	19,784	20,687	16,984	-20,087	7,325	15,031	76,803
Dividends Paid	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Retained Profit	113,768	108,206	90,697	-20,597	36,670	27,839	60,891	19,784	20,687	16,984	-20,087	7,325	15,031	76,803
Employee Costs	205,202	216,949	104,850	174,028	121,171	228,699	211,029	205,118	460,829	241,783	163,160	327,391	165,804	223,731
Number Of Employees	14	16	8	13	8	15	15	15	33	17	12	27	14	18
EBITDA*	131,832	135,066	117,517	-15,925	49,268	39,372	83,083	30,839	32,758	28,321	37,107	16,789	28,004	116,498

* Earnings Before Interest, Tax, Depreciation and Amortisation

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Tangible Assets	17,696	14,332	13,654	14,743	17,601	16,377	17,708	13,385	16,257	16,877	18,026	18,698	20,757	27,039
Intangible Assets	0	0	0	0	0	0	460	2,300	4,140	5,980	7,820	9,660	11,500	13,340
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	17,696	14,332	13,654	14,743	17,601	16,377	18,168	15,685	20,397	22,857	25,846	28,358	32,257	40,379
Stock & work in progress	12,454	11,536	10,599	8,258	14,966	13,601	10,106	14,530	14,907	15,353	14,443	19,333	9,030	10,010
Trade Debtors	9,672	9,672	12,376	9,672	9,634	9,595	9,559	9,519	44,541	14,097	15,345	26,633	15,790	16,207
Group Debtors	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Misc Debtors	13,453	3,415	30,002	40,058	36,804	35,090	35,709	40,978	0	0	0	0	0	0
Cash	600,522	544,230	416,630	217,054	267,354	231,517	196,757	123,383	97,408	108,383	75,295	83,517	99,656	59,988
misc current assets	0	0	0	0	0	0	0	0	0	0	0	0	0	0
total current assets	636,101	568,853	469,607	275,042	328,758	289,803	252,131	188,410	156,856	137,833	105,083	129,483	124,476	86,205
total assets	653,797	583,185	483,261	289,785	346,359	306,180	270,299	204,095	177,253	160,690	130,929	157,841	156,733	126,584
Bank overdraft	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
Trade Creditors	21,930	26,558	22,547	20,324	22,590	27,630	18,849	20,946	60,410	64,534	51,856	58,681	64,898	49,780
Group/Directors Accounts	0	44,811	40,499	15,371	9,492	2,470	530	170	0	0	0	0	0	0
other short term finances	0	0	43,000	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	74,531	68,726	42,494	10,090	49,188	47,956	50,487	46,352	0	0	0	0	0	0
total current liabilities	96,461	140,095	148,540	45,785	81,270	78,056	69,866	67,468	60,410	64,534	51,856	58,681	64,898	49,780
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	3,235	2,757	2,594	2,570	3,062	2,767	2,915	0	0	0	0	0	0	0
total long term liabilities	3,235	2,757	2,594	2,570	3,062	2,767	2,915	0	0	0	0	0	0	0
total liabilities	99,696	142,852	151,134	48,355	84,332	80,823	72,781	67,468	60,410	64,534	51,856	58,681	64,898	49,780
net assets	554,101	440,333	332,127	241,430	262,027	225,357	197,518	136,627	116,843	96,156	79,073	99,160	91,835	76,804
total shareholders funds	554,101	440,333	332,127	241,430	262,027	225,357	197,518	136,627	116,843	96,156	79,073	99,160	91,835	76,804

	May 2023	May 2022	May 2021	May 2020	May 2019	May 2018	May 2017	May 2016	May 2015	May 2014	May 2013	May 2012	May 2011	May 2010
Operating Activities
Operating Profit	125,934	130,288	112,966	-20,839	43,401	33,298	74,774	24,178	25,344	21,040	-20,484	9,180	19,913	106,521
Depreciation	5,898	4,778	4,551	4,914	5,867	5,614	6,469	4,821	5,574	5,441	55,751	5,769	6,251	8,137
Amortisation	0	0	0	0	0	460	1,840	1,840	1,840	1,840	1,840	1,840	1,840	1,840
Tax	-37,923	-25,382	-21,275	0	-8,602	-6,530	-14,283	-4,946	-5,172	-4,515	0	-2,313	-5,281	-29,868
Stock	918	937	2,341	-6,708	1,365	3,495	-4,424	-377	-446	910	-4,890	10,303	-980	10,010
Debtors	10,038	-29,291	-7,352	3,292	1,753	-583	-5,229	5,956	30,444	-1,248	-11,288	10,843	-417	16,207
Creditors	-4,628	4,011	2,223	-2,266	-5,040	8,781	-2,097	-39,464	-4,124	12,678	-6,825	-6,217	15,118	49,780
Accruals and Deferred Income	5,805	26,232	32,404	-39,098	1,232	-2,531	4,135	46,352	0	0	0	0	0	0
Deferred Taxes & Provisions	478	163	24	-492	295	-148	2,915	0	0	0	0	0	0	0
Cash flow from operations	84,608	168,444	135,904	-54,365	34,035	36,032	83,406	27,202	-6,536	36,822	46,460	-12,887	39,238	110,193
Investing Activities
capital expenditure	-9,262	-5,456	-3,462	-2,056	-7,091	-4,283	-10,792	-1,949	-4,954	-4,292	-55,079	-3,710	31	-50,356
Change in Investments	0	0	0	0	0	0	0	0	0	0	0	0	0	0
cash flow from investments	-9,262	-5,456	-3,462	-2,056	-7,091	-4,283	-10,792	-1,949	-4,954	-4,292	-55,079	-3,710	31	-50,356
Financing Activities
Bank loans	0	0	0	0	0	0	0	0	0	0	0	0	0	0
Group/Directors Accounts	-44,811	4,312	25,128	5,879	7,022	1,940	360	170	0	0	0	0	0	0
Other Short Term Loans	0	-43,000	43,000	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	0	0	0	0	0	0	0	0	0	99	0	0	0	1
interest	25,757	3,299	-995	242	1,871	1,071	400	552	514	459	397	458	399	150
cash flow from financing	-19,054	-35,389	67,133	6,121	8,893	3,011	760	722	514	558	397	458	399	151
cash and cash equivalents
cash	56,292	127,600	199,576	-50,300	35,837	34,760	73,374	25,975	-10,975	33,088	-8,222	-16,139	39,668	59,988
overdraft	0	0	0	0	0	0	0	0	0	0	0	0	0	0
change in cash	56,292	127,600	199,576	-50,300	35,837	34,760	73,374	25,975	-10,975	33,088	-8,222	-16,139	39,668	59,988

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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THE OCEAN INN LIMITED group structure

The Ocean Inn Limited has no subsidiary companies.

Ultimate parent company

THE OCEAN INN LIMITED

06245745

THE OCEAN INN LIMITED Shareholders

deborah june lamb

100%

The Ocean Inn Limited currently has 1 director, Mrs Deborah Lamb serving since May 2007.

officer	country	age	start	end	role
Mrs Deborah Lamb		62 years	May 2007	-	Director

P&L

May 2023

turnover

452.8k

+23%

operating profit

125.9k

gross margin

55.5%

-6.24%

turnover

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

Balance Sheet

May 2023

net assets

554.1k

+0.26%

total assets

653.8k

+0.12%

cash

600.5k

+0.1%

net assets

Total assets minus all liabilities

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company number

06245745

Type

Private limited with Share Capital

industry

56302 - Public houses and bars

incorporation date

May 2007

accounts

Total Exemption Full

ultimate parent company

None

previous names

N/A

last accounts submitted

May 2023

address

unit 2.02 high weald house, glovers end, bexhill, east sussex, TN39 5ES

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 the ocean inn limited.

the ocean inn limited Company Information

the ocean inn limited Estimated Valuation

the ocean inn limited Estimated Valuation

the ocean inn limited Estimated Valuation

The Ocean Inn Limited Overview

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THE OCEAN INN LIMITED financials

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the ocean inn limited Ownership

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the ocean inn limited Companies House Filings - See Documents