oceantex limited

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oceantex limited Company Information

Share OCEANTEX LIMITED

Company Number

07937854

Shareholders

brearley ltd

Group Structure

View All

Industry

Non-trading company

 

Registered Address

agc busworks un2.34, 39-41 north road, london, N7 9DP

Website

-

oceantex limited Estimated Valuation

£1.6m

Pomanda estimates the enterprise value of OCEANTEX LIMITED at £1.6m based on a Turnover of £3.4m and 0.48x industry multiple (adjusted for size and gross margin).

oceantex limited Estimated Valuation

£0

Pomanda estimates the enterprise value of OCEANTEX LIMITED at £0 based on an EBITDA of £-7.9k and a 3.37x industry multiple (adjusted for size and gross margin).

oceantex limited Estimated Valuation

£0

Pomanda estimates the enterprise value of OCEANTEX LIMITED at £0 based on Net Assets of £-136.1k and 1.35x industry multiple (adjusted for liquidity).

Edit your figures and get a professional valuation report.

Oceantex Limited Overview

Oceantex Limited is a live company located in london, N7 9DP with a Companies House number of 07937854. It operates in the non-trading company sector, SIC Code 74990. Founded in February 2012, it's largest shareholder is brearley ltd with a 100% stake. Oceantex Limited is a established, small sized company, Pomanda has estimated its turnover at £3.4m with rapid growth in recent years.

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Oceantex Limited Health Check

Pomanda's financial health check has awarded Oceantex Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 4 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating3out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

4 Weak

size

Size

annual sales of £3.4m, make it in line with the average company (£3.3m)

£3.4m - Oceantex Limited

£3.3m - Industry AVG

growth

Growth

3 year (CAGR) sales growth of 53%, show it is growing at a faster rate (4.6%)

53% - Oceantex Limited

4.6% - Industry AVG

production

Production

with a gross margin of 18%, this company has a higher cost of product (34.6%)

18% - Oceantex Limited

34.6% - Industry AVG

profitability

Profitability

an operating margin of -0.2% make it less profitable than the average company (4.8%)

-0.2% - Oceantex Limited

4.8% - Industry AVG

employees

Employees

with 11 employees, this is below the industry average (41)

11 - Oceantex Limited

41 - Industry AVG

paystructure

Pay Structure

on an average salary of £40k, the company has an equivalent pay structure (£40k)

£40k - Oceantex Limited

£40k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £306.3k, this is more efficient (£147.2k)

£306.3k - Oceantex Limited

£147.2k - Industry AVG

debtordays

Debtor Days

There is insufficient data available for this Key Performance Indicator!

- - Oceantex Limited

- - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 128 days, this is slower than average (41 days)

128 days - Oceantex Limited

41 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Oceantex Limited

- - Industry AVG

cashbalance

Cash Balance

There is insufficient data available for this Key Performance Indicator!

- - Oceantex Limited

- - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 116.3%, this is a higher level of debt than the average (47.6%)

116.3% - Oceantex Limited

47.6% - Industry AVG

OCEANTEX LIMITED financials

EXPORTms excel logo

Oceantex Limited's latest turnover from August 2023 is estimated at £3.4 million and the company has net assets of -£136.1 thousand. According to their latest financial statements, we estimate that Oceantex Limited has 11 employees and maintains cash reserves of 0 as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Feb 2015Feb 2014Feb 2013
Turnover3,369,8193,332,711904,456938,993845,698859,53700000
Other Income Or Grants00000000000
Cost Of Sales2,763,1412,836,408776,782779,756702,667710,71800000
Gross Profit606,678496,303127,674159,237143,031148,81900000
Admin Expenses614,628501,63784,675167,053168,534172,0126,52144,807000
Operating Profit-7,950-5,33442,999-7,816-25,503-23,193-6,521-44,807000
Interest Payable000008,63724,59416,597000
Interest Receivable00000000000
Pre-Tax Profit-7,950-5,33442,999-7,816-25,503-31,830-31,116-61,403000
Tax00-8,17000000000
Profit After Tax-7,950-5,33434,829-7,816-25,503-31,830-31,116-61,403000
Dividends Paid00000000000
Retained Profit-7,950-5,33434,829-7,816-25,503-31,830-31,116-61,403000
Employee Costs440,291457,726144,116145,221143,334140,64200000
Number Of Employees1112444400000
EBITDA*-7,950-5,33442,999-7,816-25,503-23,19324,318-44,807000

* Earnings Before Interest, Tax, Depreciation and Amortisation

Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Feb 2015Feb 2014Feb 2013
Tangible Assets837,211845,160129,96687,704100,576135,861164,462470,744000
Intangible Assets00000000000
Investments & Other00000000000
Debtors (Due After 1 year)00000000000
Total Fixed Assets837,211845,161129,96687,705100,577135,862164,463470,745000
Stock & work in progress00000000000
Trade Debtors00000000000
Group Debtors00000000000
Misc Debtors00000000000
Cash00000000000
misc current assets00000000000
total current assets00000000000
total assets837,211845,161129,96687,705100,577135,862164,463470,745000
Bank overdraft00000000000
Bank loan00000000000
Trade Creditors 973,333973,333252,805245,373250,429260,21100000
Group/Directors Accounts00000000000
other short term finances000000255,923531,094000
hp & lease commitments00000000000
other current liabilities00000000000
total current liabilities973,333973,333252,805245,373250,429260,211255,924531,095000
loans00000000000
hp & lease commitments00000000000
Accruals and Deferred Income00000000000
other liabilities00000000000
provisions00000000000
total long term liabilities00000000000
total liabilities973,333973,333252,805245,373250,429260,211255,924531,095000
net assets-136,122-128,173-122,839-157,668-149,853-124,350-91,461-60,350000
total shareholders funds-136,122-128,173-122,839-157,668-149,853-124,350-91,461-60,350000
Aug 2023Aug 2022Aug 2021Aug 2020Aug 2019Aug 2018Aug 2017Aug 2016Feb 2015Feb 2014Feb 2013
Operating Activities
Operating Profit-7,950-5,33442,999-7,816-25,503-23,193-6,521-44,807000
Depreciation00000030,8400000
Amortisation00000000000
Tax00-8,17000000000
Stock00000000000
Debtors00000000000
Creditors0720,5287,432-5,056-9,782260,21100000
Accruals and Deferred Income00000000000
Deferred Taxes & Provisions00000000000
Cash flow from operations-7,950715,19442,261-12,872-35,285237,01824,319-44,807000
Investing Activities
capital expenditure7,949-715,194-42,26212,87235,28528,601275,442-470,744000
Change in Investments00000000000
cash flow from investments7,949-715,194-42,26212,87235,28528,601275,442-470,744000
Financing Activities
Bank loans00000000000
Group/Directors Accounts00000000000
Other Short Term Loans 00000-255,923-275,171531,094000
Long term loans00000000000
Hire Purchase and Lease Commitments00000000000
other long term liabilities00000000000
share issue00000-1,05951,053000
interest00000-8,637-24,594-16,597000
cash flow from financing00000-265,619-299,760515,550000
cash and cash equivalents
cash00000000000
overdraft00000000000
change in cash00000000000

oceantex limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Oceantex Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for oceantex limited by selecting its closest rivals, whether from the PROFESSIONAL, SCIENTIFIC AND TECHNICAL ACTIVITIES sector, other small companies, companies in N 7 area or any other competitors across 12 key performance metrics.

oceantex limited Ownership

OCEANTEX LIMITED group structure

Oceantex Limited has no subsidiary companies.

Ultimate parent company

1 parent

OCEANTEX LIMITED

07937854

OCEANTEX LIMITED Shareholders

brearley ltd 100%

oceantex limited directors

Oceantex Limited currently has 1 director, Ifigeneia Theodotou serving since Aug 2017.

officercountryagestartendrole
Ifigeneia TheodotouEngland42 years Aug 2017- Director

P&L

August 2023

turnover

3.4m

+1%

operating profit

-7.9k

0%

gross margin

18.1%

+20.89%

turnover

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

Balance Sheet

August 2023

net assets

-136.1k

+0.06%

total assets

837.2k

-0.01%

cash

0

0%

net assets

Total assets minus all liabilities

oceantex limited company details

company number

07937854

Type

Private limited with Share Capital

industry

74990 - Non-trading company

incorporation date

February 2012

age

13

incorporated

UK

ultimate parent company

accounts

Micro-Entity Accounts

last accounts submitted

August 2023

previous names

N/A

accountant

-

auditor

-

address

agc busworks un2.34, 39-41 north road, london, N7 9DP

Bank

-

Legal Advisor

-

oceantex limited 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 oceantex limited.

oceantex limited 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.

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oceantex limited Companies House Filings - See Documents

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