ocean generation
ocean generation Company Information
Company Number
06949511
Next Accounts
Dec 2025
Shareholders
-
Group Structure
View All
Industry
Other research and experimental development on natural sciences and engineering
Registered Address
one bartholomew close, london, EC1A 7BL
ocean generation Estimated Valuation
Pomanda estimates the enterprise value of OCEAN GENERATION at £569.8k based on a Turnover of £492.5k and 1.16x industry multiple (adjusted for size and gross margin).
ocean generation Estimated Valuation
Pomanda estimates the enterprise value of OCEAN GENERATION at £0 based on an EBITDA of £-94k and a 5.48x industry multiple (adjusted for size and gross margin).
ocean generation Estimated Valuation
Pomanda estimates the enterprise value of OCEAN GENERATION at £292.9k based on Net Assets of £152.1k and 1.93x industry multiple (adjusted for liquidity).
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Ocean Generation Overview
Ocean Generation is a live company located in london, EC1A 7BL with a Companies House number of 06949511. It operates in the other research and experimental development on natural sciences and engineering sector, SIC Code 72190. Founded in July 2009, it's largest shareholder is unknown. Ocean Generation is a established, micro sized company, Pomanda has estimated its turnover at £492.5k with high growth in recent years.
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Ocean Generation Health Check
Pomanda's financial health check has awarded Ocean Generation a 4 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 5 areas for improvement. Company Health Check FAQs
5 Strong
1 Regular
5 Weak
Size
annual sales of £492.5k, make it smaller than the average company (£4.4m)
£492.5k - Ocean Generation
£4.4m - Industry AVG
Growth
3 year (CAGR) sales growth of 20%, show it is growing at a faster rate (6.9%)
20% - Ocean Generation
6.9% - Industry AVG
Production
with a gross margin of 49.9%, this company has a comparable cost of product (49.9%)
49.9% - Ocean Generation
49.9% - Industry AVG
Profitability
an operating margin of -19.6% make it less profitable than the average company (3.2%)
-19.6% - Ocean Generation
3.2% - Industry AVG
Employees
with 11 employees, this is below the industry average (44)
11 - Ocean Generation
44 - Industry AVG
Pay Structure
on an average salary of £39.7k, the company has a lower pay structure (£60.8k)
£39.7k - Ocean Generation
£60.8k - Industry AVG
Efficiency
resulting in sales per employee of £44.8k, this is less efficient (£120.9k)
£44.8k - Ocean Generation
£120.9k - Industry AVG
Debtor Days
it gets paid by customers after 4 days, this is earlier than average (52 days)
4 days - Ocean Generation
52 days - Industry AVG
Creditor Days
its suppliers are paid after 9 days, this is quicker than average (41 days)
9 days - Ocean Generation
41 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ocean Generation
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 373 weeks, this is more cash available to meet short term requirements (39 weeks)
373 weeks - Ocean Generation
39 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 14.2%, this is a lower level of debt than the average (38%)
14.2% - Ocean Generation
38% - Industry AVG
OCEAN GENERATION financials
Ocean Generation's latest turnover from March 2024 is £492.5 thousand and the company has net assets of £152.1 thousand. According to their latest financial statements, Ocean Generation has 11 employees and maintains cash reserves of £163 thousand 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 | 492,510 | 443,071 | 722,253 | 286,369 | 674,702 | 127,497 | |||||||||
| Other Income Or Grants | |||||||||||||||
| Cost Of Sales | |||||||||||||||
| Gross Profit | |||||||||||||||
| Admin Expenses | |||||||||||||||
| Operating Profit | |||||||||||||||
| Interest Payable | |||||||||||||||
| Interest Receivable | |||||||||||||||
| Pre-Tax Profit | -85,073 | -134,481 | 295,266 | -236,994 | 166,450 | 61,466 | |||||||||
| Tax | |||||||||||||||
| Profit After Tax | -85,073 | -134,481 | 295,266 | -236,994 | 166,450 | 61,466 | |||||||||
| Dividends Paid | |||||||||||||||
| Retained Profit | -85,073 | -134,481 | 295,266 | -236,994 | 166,450 | 61,466 | |||||||||
| Employee Costs | 436,413 | 354,186 | 264,527 | 380,733 | 261,133 | ||||||||||
| Number Of Employees | 11 | 8 | 7 | 10 | 9 | 5 | |||||||||
| EBITDA* |
* 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 | 3,938 | 663 | 3,631 | 7,436 | 8,000 | 1,018 | 1,018 | ||||||||
| Intangible Assets | |||||||||||||||
| Investments & Other | |||||||||||||||
| Debtors (Due After 1 year) | 1,900 | 1,900 | 1,900 | 4,335 | 4,335 | ||||||||||
| Total Fixed Assets | 5,838 | 2,563 | 5,531 | 11,771 | 12,335 | 1,018 | 1,018 | ||||||||
| Stock & work in progress | |||||||||||||||
| Trade Debtors | 5,978 | 8,889 | 91,006 | 600 | 14,693 | 201,058 | 25,050 | 7,412 | 74,719 | 32,965 | 21,675 | 117,023 | |||
| Group Debtors | |||||||||||||||
| Misc Debtors | 2,420 | 7,096 | 7,727 | 12,545 | 9,273 | ||||||||||
| Cash | 162,972 | 276,104 | 291,120 | 80,234 | 297,462 | 38,807 | 1,780 | 2,415 | 517 | 1,007 | 381,535 | 81,607 | 348 | ||
| misc current assets | 326 | ||||||||||||||
| total current assets | 171,370 | 292,089 | 389,853 | 93,379 | 321,428 | 201,058 | 25,050 | 46,219 | 2,106 | 2,415 | 517 | 75,726 | 414,500 | 103,282 | 117,371 |
| total assets | 177,208 | 294,652 | 395,384 | 105,150 | 333,763 | 201,058 | 25,050 | 46,219 | 2,106 | 2,415 | 517 | 75,726 | 414,500 | 104,300 | 118,389 |
| Bank overdraft | |||||||||||||||
| Bank loan | |||||||||||||||
| Trade Creditors | 6,462 | 19,302 | 16,079 | 24,491 | 16,553 | 54,160 | 2,115 | 5,951 | 465 | 31,778 | 187,377 | 26,153 | |||
| Group/Directors Accounts | |||||||||||||||
| other short term finances | |||||||||||||||
| hp & lease commitments | 1,891 | 940 | 628 | 282 | |||||||||||
| other current liabilities | 14,335 | 37,271 | 6,117 | 2,455 | 3,862 | 3,770 | |||||||||
| total current liabilities | 22,688 | 57,513 | 22,824 | 27,228 | 20,415 | 54,160 | 2,115 | 5,951 | 465 | 31,778 | 187,377 | 29,923 | |||
| loans | |||||||||||||||
| hp & lease commitments | 2,454 | 940 | 1,568 | ||||||||||||
| Accruals and Deferred Income | |||||||||||||||
| other liabilities | 13,725 | 9,357 | 32,750 | 32,750 | 20,000 | 27,000 | |||||||||
| provisions | |||||||||||||||
| total long term liabilities | 2,454 | 940 | 1,568 | 13,725 | 9,357 | 32,750 | 32,750 | 20,000 | 27,000 | ||||||
| total liabilities | 25,142 | 57,513 | 23,764 | 28,796 | 20,415 | 54,160 | 15,840 | 5,951 | 9,357 | 465 | 64,528 | 220,127 | 20,000 | 56,923 | |
| net assets | 152,066 | 237,139 | 371,620 | 76,354 | 313,348 | 146,898 | 9,210 | 40,268 | -7,251 | 1,950 | 517 | 11,198 | 194,373 | 84,300 | 61,466 |
| total shareholders funds | 152,066 | 237,139 | 371,620 | 76,354 | 313,348 | 146,898 | 9,210 | 40,268 | -7,251 | 1,950 | 517 | 11,198 | 194,373 | 84,300 | 61,466 |
| 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 | |||||||||||||||
| Depreciation | 2,570 | 2,968 | 3,805 | 3,138 | 829 | 1,018 | |||||||||
| Amortisation | |||||||||||||||
| Tax | |||||||||||||||
| Stock | |||||||||||||||
| Debtors | -7,587 | -82,748 | 83,153 | -10,821 | -172,757 | 176,008 | 17,638 | 7,412 | -74,719 | 41,754 | 11,290 | -95,348 | 117,023 | ||
| Creditors | -12,840 | 3,223 | -8,412 | 7,938 | -37,607 | 52,045 | -3,836 | 5,951 | -465 | 465 | -31,778 | -155,599 | 187,377 | -26,153 | 26,153 |
| Accruals and Deferred Income | -22,936 | 31,154 | 3,662 | -1,407 | 3,862 | -3,770 | 3,770 | ||||||||
| Deferred Taxes & Provisions | |||||||||||||||
| Cash flow from operations | |||||||||||||||
| Investing Activities | |||||||||||||||
| capital expenditure | |||||||||||||||
| Change in Investments | |||||||||||||||
| cash flow from investments | |||||||||||||||
| Financing Activities | |||||||||||||||
| Bank loans | |||||||||||||||
| Group/Directors Accounts | |||||||||||||||
| Other Short Term Loans | |||||||||||||||
| Long term loans | |||||||||||||||
| Hire Purchase and Lease Commitments | 3,405 | -628 | -282 | 1,850 | |||||||||||
| other long term liabilities | -13,725 | 13,725 | -9,357 | 9,357 | -32,750 | 12,750 | -7,000 | 27,000 | |||||||
| share issue | |||||||||||||||
| interest | |||||||||||||||
| cash flow from financing | 3,405 | -628 | -282 | 1,850 | 27,000 | ||||||||||
| cash and cash equivalents | |||||||||||||||
| cash | -113,132 | -15,016 | 210,886 | -217,228 | 297,462 | -38,807 | 37,027 | -635 | 1,898 | -490 | -380,528 | 299,928 | 81,259 | 348 | |
| overdraft | |||||||||||||||
| change in cash | -113,132 | -15,016 | 210,886 | -217,228 | 297,462 | -38,807 | 37,027 | -635 | 1,898 | -490 | -380,528 | 299,928 | 81,259 | 348 |
ocean generation Credit Report and Business Information
Ocean Generation Competitor Analysis
Perform a competitor analysis for ocean generation by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other micro companies, companies in EC1A area or any other competitors across 12 key performance metrics.
ocean generation Ownership
OCEAN GENERATION group structure
Ocean Generation has no subsidiary companies.
Ultimate parent company
OCEAN GENERATION
06949511
ocean generation directors
Ocean Generation currently has 5 directors. The longest serving directors include Mr Philip Scales (Jul 2017) and Mr Phillip Jenkins (Jul 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Philip Scales | England | 75 years | Jul 2017 | - | Director |
| Mr Phillip Jenkins | England | 62 years | Jul 2017 | - | Director |
| Mr Andrew Cartland | England | 46 years | Sep 2019 | - | Director |
| Ms Alexandra Lazenby | England | 46 years | Feb 2024 | - | Director |
| Mr Edward Garrett | England | 38 years | Feb 2024 | - | Director |
P&L
March 2024turnover
492.5k
+11%
operating profit
-96.6k
0%
gross margin
50%
+3.73%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2024net assets
152.1k
-0.36%
total assets
177.2k
-0.4%
cash
163k
-0.41%
net assets
Total assets minus all liabilities
ocean generation company details
company number
06949511
Type
Private Limited by guarantee without Share Capital Exempt from using Limited
industry
72190 - Other research and experimental development on natural sciences and engineering
incorporation date
July 2009
age
16
incorporated
UK
ultimate parent company
accounts
Group
last accounts submitted
March 2024
previous names
plastic oceans (March 2021)
accountant
KEITH LEE ASTIN
auditor
-
address
one bartholomew close, london, EC1A 7BL
Bank
-
Legal Advisor
-
ocean generation 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 generation.
ocean generation 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 GENERATION. This can take several minutes, an email will notify you when this has completed.
ocean generation Companies House Filings - See Documents
| date | description | view/download |
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