Ocean Bathrooms Tiles And Heating Limited

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ocean bathrooms tiles and heating limited Company Information

Company Number

07310225

Next Accounts

Apr 2025

Directors

Nigel Roscoe

Joanne Roscoe

Shareholders

joanne roscoe

nigel david roscoe

Group Structure

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Industry

Plumbing, heat and air-conditioning installation

Registered Address

3-7 keighley road, colne, lancashire, BB8 0LP

Website

www.oceanbaths.co.uk

ocean bathrooms tiles and heating limited Estimated Valuation

£216.7k

Pomanda estimates the enterprise value of OCEAN BATHROOMS TILES AND HEATING LIMITED at £216.7k based on a Turnover of £445.3k and 0.49x industry multiple (adjusted for size and gross margin).

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Ocean Bathrooms Tiles And Heating Limited is a live company located in lancashire, BB8 0LP with a Companies House number of 07310225. It operates in the plumbing, heat and air-conditioning installation sector, SIC Code 43220. Founded in July 2010, it's largest shareholder is joanne roscoe with a 50% stake. Ocean Bathrooms Tiles And Heating Limited is a established, micro sized company, Pomanda has estimated its turnover at £445.3k with healthy growth in recent years.

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Pomanda's financial health check has awarded Ocean Bathrooms Tiles And Heating Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 2 areas for improvement. Company Health Check FAQs

Health Rating5out of 5

5 Strong

5 Regular

2 Weak

Size

annual sales of £445.3k, make it in line with the average company (£415.2k)

Growth

3 year (CAGR) sales growth of 8%, show it is growing at a similar rate (7%)

EXPORT

Ocean Bathrooms Tiles And Heating Limited's latest turnover from July 2023 is estimated at £445.3 thousand and the company has net assets of £72.9 thousand. According to their latest financial statements, Ocean Bathrooms Tiles And Heating Limited has 7 employees and maintains cash reserves of £68 thousand as reported in the balance sheet.

Data source: Companies House, Pomanda Estimates

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Turnover	445,289	403,994	355,666	358,360	400,733	408,781	299,707	222,826	89,355	126,163	98,965	75,835	94,115
Other Income Or Grants
Cost Of Sales	321,946	282,698	251,304	248,399	264,403	269,708	192,746	142,663	57,519	79,781	61,415	46,161	58,187
Gross Profit	123,344	121,295	104,363	109,961	136,331	139,073	106,960	80,163	31,837	46,381	37,550	29,674	35,928
Admin Expenses	126,597	130,199	98,427	110,217	151,540	140,689	86,119	72,538	-8,255	22,157	22,305	21,047	35,786
Operating Profit	-3,253	-8,904	5,936	-256	-15,209	-1,616	20,841	7,625	40,092	24,224	15,245	8,627	142
Interest Payable
Interest Receivable	2,583	598	51	45	431	291	122	300	243	117	92	83	46
Pre-Tax Profit	-670	-8,306	5,988	-211	-14,778	-1,325	20,963	7,925	40,335	24,342	15,338	8,709	188
Tax			-1,138				-3,983	-1,585	-8,067	-5,112	-3,528	-2,090	-49
Profit After Tax	-670	-8,306	4,850	-211	-14,778	-1,325	16,980	6,340	32,268	19,230	11,810	6,619	139
Dividends Paid
Retained Profit	-670	-8,306	4,850	-211	-14,778	-1,325	16,980	6,340	32,268	19,230	11,810	6,619	139
Employee Costs	225,016	230,584	231,064	199,273	232,866	241,258	129,549	143,548	35,005	35,115	36,291	34,333	34,699
Number Of Employees	7	7	7	6	7	7	4	4	1	1	1	1	1
EBITDA*	4,062	-2,101	14,507	7,560	-7,096	7,812	37,317	15,998	47,024	34,778	31,057	20,331	10,066

* Earnings Before Interest, Tax, Depreciation and Amortisation

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Tangible Assets	26,130	20,895	25,720	34,291	27,498	31,413	36,679	42,536	15,796	22,728	17,082	29,619	20,873
Intangible Assets
Investments & Other
Debtors (Due After 1 year)
Total Fixed Assets	26,130	20,895	25,720	34,291	27,498	31,413	36,679	42,536	15,796	22,728	17,082	29,619	20,873
Stock & work in progress	580	550	595	625	595	680	725	725	675	600	750	500	500
Trade Debtors	58,123	65,535	52,366	49,361	56,087	51,956	52,725	26,444	5,000	19,899	10,700	3,185	4,874
Group Debtors
Misc Debtors	3,433	3,475							16,535
Cash	67,960	35,379	60,242	42,149	48,675	66,180	50,248	47,412	72,763	24,471	22,449	14,548	18,459
misc current assets							4,500
total current assets	130,096	104,939	113,203	92,135	105,357	118,816	108,198	74,581	94,973	44,970	33,899	18,233	23,833
total assets	156,226	125,834	138,923	126,426	132,855	150,229	144,877	117,117	110,769	67,698	50,981	47,852	44,706
Bank overdraft
Bank loan
Trade Creditors	67,937	47,159	51,456	44,956	50,163	54,349	25,195	22,666	37,778	25,640	27,560	34,299	42,376
Group/Directors Accounts							20,295	9,793
other short term finances
hp & lease commitments							1,830	1,734
other current liabilities
total current liabilities	67,937	47,159	51,456	44,956	50,163	54,349	47,320	34,193	37,778	25,640	27,560	34,299	42,376
loans
hp & lease commitments
Accruals and Deferred Income	3,050	3,050	3,050	800	2,603	800	800	800				800
other liabilities	8,936							1,830			1,785	4,295	2,146
provisions	3,355	2,007	2,493	3,596	2,804	3,017	3,369	3,886	2,923	4,258	3,066	1,698	43
total long term liabilities	15,341	5,057	5,543	4,396	5,407	3,817	4,169	6,516	2,923	4,258	4,851	6,793	2,189
total liabilities	83,278	52,216	56,999	49,352	55,570	58,166	51,489	40,709	40,701	29,898	32,411	41,092	44,565
net assets	72,948	73,618	81,924	77,074	77,285	92,063	93,388	76,408	70,068	37,800	18,570	6,760	141
total shareholders funds	72,948	73,618	81,924	77,074	77,285	92,063	93,388	76,408	70,068	37,800	18,570	6,760	141

	Jul 2023	Jul 2022	Jul 2021	Jul 2020	Jul 2019	Jul 2018	Jul 2017	Jul 2016	Jul 2015	Jul 2014	Jul 2013	Jul 2012	Jul 2011
Operating Activities
Operating Profit	-3,253	-8,904	5,936	-256	-15,209	-1,616	20,841	7,625	40,092	24,224	15,245	8,627	142
Depreciation	7,315	6,803	8,571	7,816	8,113	9,428	16,476	8,373	6,932	10,554	15,812	11,704	9,924
Amortisation
Tax			-1,138				-3,983	-1,585	-8,067	-5,112	-3,528	-2,090	-49
Stock	30	-45	-30	30	-85	-45		50	75	-150	250		500
Debtors	-7,454	16,644	3,005	-6,726	4,131	-769	26,281	4,909	1,636	9,199	7,515	-1,689	4,874
Creditors	20,778	-4,297	6,500	-5,207	-4,186	29,154	2,529	-15,112	12,138	-1,920	-6,739	-8,077	42,376
Accruals and Deferred Income			2,250	-1,803	1,803			800			-800	800
Deferred Taxes & Provisions	1,348	-486	-1,103	792	-213	-352	-517	963	-1,335	1,192	1,368	1,655	43
Cash flow from operations	33,612	-23,483	18,041	8,038	-13,738	37,428	9,065	-3,895	48,049	19,889	13,593	14,308	47,062
Investing Activities
capital expenditure	-12,550	-1,978		-14,609	-4,198	-4,162	-10,619	-35,113		-16,200	-3,275	-20,450	-30,797
Change in Investments
cash flow from investments	-12,550	-1,978		-14,609	-4,198	-4,162	-10,619	-35,113		-16,200	-3,275	-20,450	-30,797
Financing Activities
Bank loans
Group/Directors Accounts						-20,295	10,502	9,793
Other Short Term Loans
Long term loans
Hire Purchase and Lease Commitments						-1,830	96	1,734
other long term liabilities	8,936						-1,830	1,830		-1,785	-2,510	2,149	2,146
share issue													2
interest	2,583	598	51	45	431	291	122	300	243	117	92	83	46
cash flow from financing	11,519	598	51	45	431	-21,834	8,890	13,657	243	-1,668	-2,418	2,232	2,194
cash and cash equivalents
cash	32,581	-24,863	18,093	-6,526	-17,505	15,932	2,836	-25,351	48,292	2,022	7,901	-3,911	18,459
overdraft
change in cash	32,581	-24,863	18,093	-6,526	-17,505	15,932	2,836	-25,351	48,292	2,022	7,901	-3,911	18,459

Very Low Risk70 - 100

Low Risk50 - 70

Moderate Risk30 - 50

High Risk20 - 30

Very High Risk0 - 20

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OCEAN BATHROOMS TILES AND HEATING LIMITED group structure

Ocean Bathrooms Tiles And Heating Limited has no subsidiary companies.

Ultimate parent company

OCEAN BATHROOMS TILES AND HEATING LIMITED

07310225

OCEAN BATHROOMS TILES AND HEATING LIMITED Shareholders

joanne roscoe	50%
nigel david roscoe	50%

Ocean Bathrooms Tiles And Heating Limited currently has 2 directors. The longest serving directors include Mr Nigel Roscoe (Jul 2010) and Mrs Joanne Roscoe (Jul 2010).

officer	country	age	start	end	role
Mr Nigel Roscoe	England	53 years	Jul 2010	-	Director
Mrs Joanne Roscoe	England	50 years	Jul 2010	-	Director

P&L

July 2023

turnover

445.3k

+10%

operating profit

-3.3k

gross margin

27.7%

-7.74%

turnover

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

Balance Sheet

July 2023

net assets

72.9k

-0.01%

total assets

156.2k

+0.24%

cash

68k

+0.92%

net assets

Total assets minus all liabilities

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company number

07310225

Type

Private limited with Share Capital

industry

43220 - Plumbing, heat and air-conditioning installation

incorporation date

July 2010

ultimate parent company

None

previous names

N/A

address

3-7 keighley road, colne, lancashire, BB8 0LP

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ocean bathrooms tiles and heating limited Company Information

ocean bathrooms tiles and heating limited Estimated Valuation

ocean bathrooms tiles and heating limited Estimated Valuation

ocean bathrooms tiles and heating limited Estimated Valuation

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OCEAN BATHROOMS TILES AND HEATING LIMITED financials

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