ocean bidco limited
ocean bidco limited Company Information
Company Number
08038055
Website
www.oceantopco.comRegistered Address
25 argyll street, london, W1F 7TU
Industry
Advertising agencies
Telephone
-
Next Accounts Due
September 2024
Group Structure
View All
Shareholders
ocean jersey topco limited 100%
ocean bidco limited Estimated Valuation
Pomanda estimates the enterprise value of OCEAN BIDCO LIMITED at £193.7m based on a Turnover of £163.4m and 1.19x industry multiple (adjusted for size and gross margin).
ocean bidco limited Estimated Valuation
Pomanda estimates the enterprise value of OCEAN BIDCO LIMITED at £186.4m based on an EBITDA of £24.9m and a 7.48x industry multiple (adjusted for size and gross margin).
ocean bidco limited Estimated Valuation
Pomanda estimates the enterprise value of OCEAN BIDCO LIMITED at £8.2m based on Net Assets of £4.3m and 1.89x industry multiple (adjusted for liquidity).
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Ocean Bidco Limited Overview
Ocean Bidco Limited is a live company located in london, W1F 7TU with a Companies House number of 08038055. It operates in the advertising agencies sector, SIC Code 73110. Founded in April 2012, it's largest shareholder is ocean jersey topco limited with a 100% stake. Ocean Bidco Limited is a established, mega sized company, Pomanda has estimated its turnover at £163.4m with rapid growth in recent years.
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Ocean Bidco Limited Health Check
Pomanda's financial health check has awarded Ocean Bidco Limited a 3 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 6 areas for improvement. Company Health Check FAQs
5 Strong
0 Regular
6 Weak
Size
annual sales of £163.4m, make it larger than the average company (£9.5m)
£163.4m - Ocean Bidco Limited
£9.5m - Industry AVG
Growth
3 year (CAGR) sales growth of 238%, show it is growing at a faster rate (1%)
238% - Ocean Bidco Limited
1% - Industry AVG
Production
with a gross margin of 36.4%, this company has a higher cost of product (47.1%)
36.4% - Ocean Bidco Limited
47.1% - Industry AVG
Profitability
an operating margin of 0% make it less profitable than the average company (6.4%)
0% - Ocean Bidco Limited
6.4% - Industry AVG
Employees
with 240 employees, this is above the industry average (46)
240 - Ocean Bidco Limited
46 - Industry AVG
Pay Structure
on an average salary of £122.3k, the company has a higher pay structure (£63.6k)
£122.3k - Ocean Bidco Limited
£63.6k - Industry AVG
Efficiency
resulting in sales per employee of £681k, this is more efficient (£177.6k)
£681k - Ocean Bidco Limited
£177.6k - Industry AVG
Debtor Days
it gets paid by customers after 91 days, this is later than average (65 days)
91 days - Ocean Bidco Limited
65 days - Industry AVG
Creditor Days
its suppliers are paid after 55 days, this is slower than average (45 days)
55 days - Ocean Bidco Limited
45 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- - Ocean Bidco Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 9 weeks, this is less cash available to meet short term requirements (18 weeks)
9 weeks - Ocean Bidco Limited
18 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 97.9%, this is a higher level of debt than the average (69%)
97.9% - Ocean Bidco Limited
69% - Industry AVG
ocean bidco limited Credit Report and Business Information
Ocean Bidco Limited Competitor Analysis
Perform a competitor analysis for ocean bidco limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ocean bidco limited Ownership
OCEAN BIDCO LIMITED group structure
Ocean Bidco Limited has 7 subsidiary companies.
Ultimate parent company
OCEAN OUTDOOR LTD
#0088819
2 parents
OCEAN BIDCO LIMITED
08038055
7 subsidiaries
ocean bidco limited directors
Ocean Bidco Limited currently has 4 directors. The longest serving directors include Mr Tim Bleakley (May 2012) and Mr Stephen Joseph (May 2012).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Tim Bleakley | 58 years | May 2012 | - | Director | |
| Mr Stephen Joseph | England | 43 years | May 2012 | - | Director |
| Mr David Caplan | England | 63 years | Jan 2024 | - | Director |
| Ms Melissa Bethell | 49 years | Jan 2024 | - | Director |
OCEAN BIDCO LIMITED financials
Ocean Bidco Limited's latest turnover from December 2022 is £163.4 million and the company has net assets of £4.3 million. According to their latest financial statements, Ocean Bidco Limited has 240 employees and maintains cash reserves of £34.1 million as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Turnover | 163,439,000 | 122,967,000 | 4,254,000 | 4,242,000 | 3,851,000 | 1,547,000 | 1,235,000 | 1,415,000 | 1,194,000 | 997,000 | 653,000 |
| Other Income Or Grants | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ||||
| Cost Of Sales | 103,949,000 | 86,616,000 | 0 | 0 | 0 | 0 | 0 | ||||
| Gross Profit | 59,490,000 | 36,351,000 | 4,254,000 | 1,415,000 | 1,194,000 | 997,000 | 653,000 | ||||
| Admin Expenses | 59,538,000 | 52,406,000 | 85,512,000 | 1,428,000 | 1,209,000 | 1,029,000 | 671,000 | ||||
| Operating Profit | -48,000 | -16,055,000 | -81,258,000 | 539,000 | 2,794,000 | 71,000 | -114,000 | -13,000 | -15,000 | -32,000 | -18,000 |
| Interest Payable | 273,000 | 483,000 | 757,000 | 551,000 | 2,202,000 | 28,350,000 | 7,510,000 | 7,018,000 | 5,175,000 | 4,540,000 | 2,734,000 |
| Interest Receivable | 82,000 | 17,000 | 58,000 | 31,000 | 0 | 0 | 4,065,000 | 7,795,000 | 0 | 0 | 0 |
| Pre-Tax Profit | -247,000 | -16,707,000 | -82,051,000 | 19,000 | 592,000 | -28,279,000 | -3,559,000 | 764,000 | 14,922,000 | -4,572,000 | -1,497,000 |
| Tax | -322,000 | 1,109,000 | 28,000 | -499,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit After Tax | -569,000 | -15,598,000 | -82,023,000 | -480,000 | 592,000 | -28,279,000 | -3,559,000 | 764,000 | 14,922,000 | -4,572,000 | -1,497,000 |
| Dividends Paid | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 2,100,000 | 0 | 0 |
| Retained Profit | -569,000 | -15,598,000 | -82,023,000 | -480,000 | 592,000 | -28,279,000 | -3,559,000 | 764,000 | 12,822,000 | -4,572,000 | -1,497,000 |
| Employee Costs | 29,342,000 | 17,608,000 | 1,181,000 | 1,908,000 | 1,331,000 | 1,255,000 | 1,194,000 | 1,268,000 | 1,080,000 | 446,000 | 304,000 |
| Number Of Employees | 240 | 245 | 7 | 7 | 5 | 9 | 9 | 9 | 7 | 6 | 6 |
| EBITDA* | 24,918,000 | 9,596,000 | -81,258,000 | 539,000 | 2,794,000 | 71,000 | -114,000 | -13,000 | -15,000 | -32,000 | -18,000 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 34,656,000 | 36,224,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Intangible Assets | 63,458,000 | 79,701,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments & Other | 5,009,000 | 5,017,000 | 191,148,000 | 272,732,000 | 109,736,000 | 66,997,000 | 66,997,000 | 66,997,000 | 57,028,000 | 38,167,000 | 38,167,000 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 53,000 | 1,479,000 | 2,473,000 | 2,037,000 | 1,255,000 | 1,255,000 |
| Total Fixed Assets | 103,123,000 | 120,942,000 | 191,148,000 | 272,732,000 | 109,736,000 | 67,050,000 | 68,476,000 | 69,470,000 | 59,065,000 | 39,422,000 | 39,422,000 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 40,991,000 | 52,407,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group Debtors | 14,096,000 | 0 | 3,007,000 | 3,016,000 | 81,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 10,079,000 | 9,440,000 | 178,000 | 608,000 | 0 | 0 | 0 | 0 | 1,000 | 2,000 | 317,000 |
| Cash | 34,057,000 | 40,116,000 | 6,074,000 | 1,439,000 | 1,348,000 | 201,000 | 263,000 | 491,000 | 430,000 | 289,000 | 0 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 99,223,000 | 101,963,000 | 9,259,000 | 5,063,000 | 1,429,000 | 201,000 | 263,000 | 491,000 | 431,000 | 291,000 | 317,000 |
| total assets | 202,346,000 | 222,905,000 | 200,407,000 | 277,795,000 | 111,165,000 | 67,251,000 | 68,739,000 | 69,961,000 | 59,496,000 | 39,713,000 | 39,739,000 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1,031,000 | 1,170,000 | 736,000 |
| Trade Creditors | 15,793,000 | 26,912,000 | 4,000 | 144,000 | 0 | 0 | 0 | 9,000 | 0 | 0 | 23,000 |
| Group/Directors Accounts | 95,762,000 | 96,210,000 | 118,042,000 | 115,731,000 | 85,087,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 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 |
| other current liabilities | 74,906,000 | 71,095,000 | 5,975,000 | 6,331,000 | 3,000 | 0 | 169,000 | 1,179,000 | 0 | 5,000 | 1,000 |
| total current liabilities | 186,461,000 | 194,217,000 | 124,021,000 | 122,206,000 | 85,090,000 | 0 | 169,000 | 1,188,000 | 1,031,000 | 1,175,000 | 760,000 |
| loans | 0 | 12,534,000 | 4,944,000 | 0 | 0 | 84,507,000 | 57,547,000 | 54,191,000 | 44,647,000 | 44,407,000 | 40,276,000 |
| hp & lease commitments | 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 |
| other liabilities | 868,000 | 25,000 | 441,000 | 2,565,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| provisions | 10,692,000 | 13,158,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 11,560,000 | 25,717,000 | 5,385,000 | 2,565,000 | 0 | 84,507,000 | 57,547,000 | 54,191,000 | 44,647,000 | 44,407,000 | 40,276,000 |
| total liabilities | 198,021,000 | 219,934,000 | 129,406,000 | 124,771,000 | 85,090,000 | 84,507,000 | 57,716,000 | 55,379,000 | 45,678,000 | 45,582,000 | 41,036,000 |
| net assets | 4,325,000 | 2,971,000 | 71,001,000 | 153,024,000 | 26,075,000 | -17,256,000 | 11,023,000 | 14,582,000 | 13,818,000 | -5,869,000 | -1,297,000 |
| total shareholders funds | 4,325,000 | 2,971,000 | 71,001,000 | 153,024,000 | 26,075,000 | -17,256,000 | 11,023,000 | 14,582,000 | 13,818,000 | -5,869,000 | -1,297,000 |
| Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||
| Operating Profit | -48,000 | -16,055,000 | -81,258,000 | 539,000 | 2,794,000 | 71,000 | -114,000 | -13,000 | -15,000 | -32,000 | -18,000 |
| Depreciation | 9,045,000 | 9,871,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Amortisation | 15,921,000 | 15,780,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | -322,000 | 1,109,000 | 28,000 | -499,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | 3,319,000 | 58,662,000 | -439,000 | 3,543,000 | 28,000 | -1,426,000 | -994,000 | 435,000 | 781,000 | -315,000 | 1,572,000 |
| Creditors | -11,119,000 | 26,908,000 | -140,000 | 144,000 | 0 | 0 | -9,000 | 9,000 | 0 | -23,000 | 23,000 |
| Accruals and Deferred Income | 3,811,000 | 65,120,000 | -356,000 | 6,328,000 | 3,000 | -169,000 | -1,010,000 | 1,179,000 | -5,000 | 4,000 | 1,000 |
| Deferred Taxes & Provisions | -2,466,000 | 13,158,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | 11,503,000 | 57,229,000 | -81,287,000 | 2,969,000 | 2,769,000 | 1,328,000 | -139,000 | 740,000 | -801,000 | 264,000 | -1,566,000 |
| Investing Activities | |||||||||||
| capital expenditure | 0 | 0 | |||||||||
| Change in Investments | -8,000 | -186,131,000 | -81,584,000 | 162,996,000 | 42,739,000 | 0 | 0 | 9,969,000 | 18,861,000 | 0 | 38,167,000 |
| cash flow from investments | 8,000 | 186,131,000 | |||||||||
| Financing Activities | |||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | -1,031,000 | -139,000 | 434,000 | 736,000 |
| Group/Directors Accounts | -448,000 | -21,832,000 | 2,311,000 | 30,644,000 | 85,087,000 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | -12,534,000 | 7,590,000 | 4,944,000 | 0 | -84,507,000 | 26,960,000 | 3,356,000 | 9,544,000 | 240,000 | 4,131,000 | 40,276,000 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 843,000 | -416,000 | -2,124,000 | 2,565,000 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| share issue | |||||||||||
| interest | -191,000 | -466,000 | -699,000 | -520,000 | -2,202,000 | -28,350,000 | -3,445,000 | 777,000 | -5,175,000 | -4,540,000 | -2,734,000 |
| cash flow from financing | -10,407,000 | -67,556,000 | 4,432,000 | 160,118,000 | 41,117,000 | -1,390,000 | -89,000 | 9,290,000 | 1,791,000 | 25,000 | 38,478,000 |
| cash and cash equivalents | |||||||||||
| cash | -6,059,000 | 34,042,000 | 4,635,000 | 91,000 | 1,147,000 | -62,000 | -228,000 | 61,000 | 141,000 | 289,000 | 0 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | -6,059,000 | 34,042,000 | 4,635,000 | 91,000 | 1,147,000 | -62,000 | -228,000 | 61,000 | 141,000 | 289,000 | 0 |
P&L
December 2022turnover
163.4m
+33%
operating profit
-48k
-100%
gross margin
36.4%
+23.13%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2022net assets
4.3m
+0.46%
total assets
202.3m
-0.09%
cash
34.1m
-0.15%
net assets
Total assets minus all liabilities
Similar Companies
ocean bidco limited company details
company number
08038055
Type
Private limited with Share Capital
industry
73110 - Advertising agencies
incorporation date
April 2012
age
12
accounts
Group
ultimate parent company
previous names
N/A
incorporated
UK
address
25 argyll street, london, W1F 7TU
last accounts submitted
December 2022
ocean bidco 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 found 15 charges/mortgages relating to ocean bidco limited. Currently there are 5 open charges and 10 have been satisfied in the past.
ocean bidco limited Companies House Filings - See Documents
| date | description | view/download |
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