ocean house development ltd
ocean house development ltd Company Information
Company Number
08026523
Next Accounts
108 days late
Shareholders
qbh holdings ltd
Group Structure
View All
Industry
Hotels and similar accommodation
Registered Address
31 lisson grove, london, NW1 6UB
Website
-ocean house development ltd Estimated Valuation
Pomanda estimates the enterprise value of OCEAN HOUSE DEVELOPMENT LTD at £2.5m based on a Turnover of £2.6m and 0.99x industry multiple (adjusted for size and gross margin).
ocean house development ltd Estimated Valuation
Pomanda estimates the enterprise value of OCEAN HOUSE DEVELOPMENT LTD at £14.3m based on an EBITDA of £3.6m and a 3.97x industry multiple (adjusted for size and gross margin).
ocean house development ltd Estimated Valuation
Pomanda estimates the enterprise value of OCEAN HOUSE DEVELOPMENT LTD at £4.9m based on Net Assets of £2.3m and 2.09x industry multiple (adjusted for liquidity).
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Ocean House Development Ltd Overview
Ocean House Development Ltd is a live company located in london, NW1 6UB with a Companies House number of 08026523. It operates in the hotels and similar accommodation sector, SIC Code 55100. Founded in April 2012, it's largest shareholder is qbh holdings ltd with a 100% stake. Ocean House Development Ltd is a established, small sized company, Pomanda has estimated its turnover at £2.6m with rapid growth in recent years.
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Ocean House Development Ltd Health Check
Pomanda's financial health check has awarded Ocean House Development Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 7 areas for improvement. Company Health Check FAQs
3 Strong
1 Regular
7 Weak
Size
annual sales of £2.6m, make it smaller than the average company (£4.7m)
- Ocean House Development Ltd
£4.7m - Industry AVG
Growth
3 year (CAGR) sales growth of 248%, show it is growing at a faster rate (1.6%)
- Ocean House Development Ltd
1.6% - Industry AVG
Production
with a gross margin of 44.3%, this company has a higher cost of product (63.8%)
- Ocean House Development Ltd
63.8% - Industry AVG
Profitability
an operating margin of 140.2% make it more profitable than the average company (9.4%)
- Ocean House Development Ltd
9.4% - Industry AVG
Employees
with 23 employees, this is below the industry average (77)
- Ocean House Development Ltd
77 - Industry AVG
Pay Structure
on an average salary of £22.2k, the company has an equivalent pay structure (£22.2k)
- Ocean House Development Ltd
£22.2k - Industry AVG
Efficiency
resulting in sales per employee of £111.5k, this is more efficient (£65k)
- Ocean House Development Ltd
£65k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- Ocean House Development Ltd
- - Industry AVG
Creditor Days
its suppliers are paid after 5 days, this is quicker than average (50 days)
- Ocean House Development Ltd
50 days - Industry AVG
Stock Days
it holds stock equivalent to 224 days, this is more than average (8 days)
- Ocean House Development Ltd
8 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 4 weeks, this is less cash available to meet short term requirements (8 weeks)
4 weeks - Ocean House Development Ltd
8 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 85.8%, this is a higher level of debt than the average (74.5%)
85.8% - Ocean House Development Ltd
74.5% - Industry AVG
OCEAN HOUSE DEVELOPMENT LTD financials
Ocean House Development Ltd's latest turnover from March 2023 is estimated at £2.6 million and the company has net assets of £2.3 million. According to their latest financial statements, we estimate that Ocean House Development Ltd has 23 employees and maintains cash reserves of £2.1 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | |||||||||||
| Other Income Or Grants | |||||||||||
| Cost Of Sales | |||||||||||
| Gross Profit | |||||||||||
| Admin Expenses | |||||||||||
| Operating Profit | |||||||||||
| Interest Payable | |||||||||||
| Interest Receivable | |||||||||||
| Pre-Tax Profit | |||||||||||
| Tax | |||||||||||
| Profit After Tax | |||||||||||
| Dividends Paid | |||||||||||
| Retained Profit | |||||||||||
| Employee Costs | |||||||||||
| Number Of Employees | 2 | 2 | |||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 7,264,177 | 8,930,187 | 7,023,115 | ||||||||
| Intangible Assets | |||||||||||
| Investments & Other | 1 | ||||||||||
| Debtors (Due After 1 year) | |||||||||||
| Total Fixed Assets | 7,264,177 | 8,930,187 | 7,023,115 | 1 | |||||||
| Stock & work in progress | 877,319 | ||||||||||
| Trade Debtors | |||||||||||
| Group Debtors | 5,953,933 | 8,539,457 | |||||||||
| Misc Debtors | 2,345,291 | 2,340,001 | 1 | ||||||||
| Cash | 2,103 | ||||||||||
| misc current assets | |||||||||||
| total current assets | 9,178,646 | 10,879,458 | 1 | ||||||||
| total assets | 16,442,823 | 19,809,645 | 7,023,116 | 1 | |||||||
| Bank overdraft | |||||||||||
| Bank loan | |||||||||||
| Trade Creditors | 20,793 | ||||||||||
| Group/Directors Accounts | 7,023,115 | ||||||||||
| other short term finances | |||||||||||
| hp & lease commitments | |||||||||||
| other current liabilities | 4,200 | ||||||||||
| total current liabilities | 24,993 | 7,023,115 | |||||||||
| loans | 14,090,340 | 20,000,000 | |||||||||
| hp & lease commitments | |||||||||||
| Accruals and Deferred Income | |||||||||||
| other liabilities | |||||||||||
| provisions | |||||||||||
| total long term liabilities | 14,090,340 | 20,000,000 | |||||||||
| total liabilities | 14,115,333 | 20,000,000 | 7,023,115 | ||||||||
| net assets | 2,327,490 | -190,355 | 1 | 1 | |||||||
| total shareholders funds | 2,327,490 | -190,355 | 1 | 1 |
| Mar 2023 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Apr 2014 | Apr 2013 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | |||||||||||
| Depreciation | |||||||||||
| Amortisation | |||||||||||
| Tax | |||||||||||
| Stock | 877,319 | ||||||||||
| Debtors | 8,299,224 | 10,879,457 | 1 | ||||||||
| Creditors | 20,793 | ||||||||||
| Accruals and Deferred Income | 4,200 | ||||||||||
| Deferred Taxes & Provisions | |||||||||||
| Cash flow from operations | |||||||||||
| Investing Activities | |||||||||||
| capital expenditure | |||||||||||
| Change in Investments | -1 | 1 | |||||||||
| cash flow from investments | |||||||||||
| Financing Activities | |||||||||||
| Bank loans | |||||||||||
| Group/Directors Accounts | -7,023,115 | 7,023,115 | |||||||||
| Other Short Term Loans | |||||||||||
| Long term loans | 14,090,340 | 20,000,000 | |||||||||
| Hire Purchase and Lease Commitments | |||||||||||
| other long term liabilities | |||||||||||
| share issue | |||||||||||
| interest | |||||||||||
| cash flow from financing | |||||||||||
| cash and cash equivalents | |||||||||||
| cash | 2,103 | ||||||||||
| overdraft | |||||||||||
| change in cash | 2,103 |
ocean house development ltd Credit Report and Business Information
Ocean House Development Ltd Competitor Analysis
Perform a competitor analysis for ocean house development ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in NW1 area or any other competitors across 12 key performance metrics.
ocean house development ltd Ownership
OCEAN HOUSE DEVELOPMENT LTD group structure
Ocean House Development Ltd has no subsidiary companies.
Ultimate parent company
QBH HOLDINGS LTD
#0123308
1 parent
OCEAN HOUSE DEVELOPMENT LTD
08026523
ocean house development ltd directors
Ocean House Development Ltd currently has 2 directors. The longest serving directors include Mr Bashir Nathoo (Apr 2012) and Mr Al-Karim Nathoo (May 2017).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Bashir Nathoo | 71 years | Apr 2012 | - | Director | |
| Mr Al-Karim Nathoo | United Kingdom | 42 years | May 2017 | - | Director |
P&L
March 2023turnover
2.6m
0%
operating profit
3.6m
0%
gross margin
44.3%
0%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
March 2023net assets
2.3m
0%
total assets
16.4m
0%
cash
2.1k
0%
net assets
Total assets minus all liabilities
Similar Companies
ocean house development ltd company details
company number
08026523
Type
Private limited with Share Capital
industry
55100 - Hotels and similar accommodation
incorporation date
April 2012
age
13
incorporated
UK
ultimate parent company
accounts
Audit Exemption Subsidiary
last accounts submitted
March 2023
previous names
4c (5) limited (August 2013)
accountant
-
auditor
-
address
31 lisson grove, london, NW1 6UB
Bank
-
Legal Advisor
-
ocean house development ltd 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 found 8 charges/mortgages relating to ocean house development ltd. Currently there are 5 open charges and 3 have been satisfied in the past.
ocean house development ltd 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 HOUSE DEVELOPMENT LTD. This can take several minutes, an email will notify you when this has completed.
ocean house development ltd Companies House Filings - See Documents
| date | description | view/download |
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