ocean pride fishing limited
ocean pride fishing limited Company Information
Company Number
08506537
Website
-Registered Address
48 coventry road, flushing, falmouth, cornwall, TR11 5TX
Industry
Marine fishing
Telephone
-
Next Accounts Due
January 2025
Group Structure
View All
Shareholders
mr peter carl laity 50%
mr jonathan hamilton 50%
ocean pride fishing limited Estimated Valuation
Pomanda estimates the enterprise value of OCEAN PRIDE FISHING LIMITED at £120.6k based on a Turnover of £254.7k and 0.47x industry multiple (adjusted for size and gross margin).
ocean pride fishing limited Estimated Valuation
Pomanda estimates the enterprise value of OCEAN PRIDE FISHING LIMITED at £253.5k based on an EBITDA of £95.5k and a 2.65x industry multiple (adjusted for size and gross margin).
ocean pride fishing limited Estimated Valuation
Pomanda estimates the enterprise value of OCEAN PRIDE FISHING LIMITED at £1.4m based on Net Assets of £698.2k and 1.97x industry multiple (adjusted for liquidity).
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Ocean Pride Fishing Limited Overview
Ocean Pride Fishing Limited is a live company located in falmouth, TR11 5TX with a Companies House number of 08506537. It operates in the marine fishing sector, SIC Code 03110. Founded in April 2013, it's largest shareholder is mr peter carl laity with a 50% stake. Ocean Pride Fishing Limited is a established, micro sized company, Pomanda has estimated its turnover at £254.7k with declining growth in recent years.
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Ocean Pride Fishing Limited Health Check
Pomanda's financial health check has awarded Ocean Pride Fishing Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
5 Weak
Size
annual sales of £254.7k, make it smaller than the average company (£11.7m)
- Ocean Pride Fishing Limited
£11.7m - Industry AVG
Growth
3 year (CAGR) sales growth of -34%, show it is growing at a slower rate (4.9%)
- Ocean Pride Fishing Limited
4.9% - Industry AVG
Production
with a gross margin of 11.7%, this company has a higher cost of product (23.6%)
- Ocean Pride Fishing Limited
23.6% - Industry AVG
Profitability
an operating margin of 23.9% make it more profitable than the average company (9.9%)
- Ocean Pride Fishing Limited
9.9% - Industry AVG
Employees
with 1 employees, this is below the industry average (14)
- Ocean Pride Fishing Limited
14 - Industry AVG
Pay Structure
on an average salary of £41.6k, the company has an equivalent pay structure (£41.6k)
- Ocean Pride Fishing Limited
£41.6k - Industry AVG
Efficiency
resulting in sales per employee of £254.7k, this is equally as efficient (£281.6k)
- Ocean Pride Fishing Limited
£281.6k - Industry AVG
Debtor Days
it gets paid by customers after 50 days, this is later than average (36 days)
- Ocean Pride Fishing Limited
36 days - Industry AVG
Creditor Days
its suppliers are paid after 79 days, this is slower than average (18 days)
- Ocean Pride Fishing Limited
18 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ocean Pride Fishing Limited
- - Industry AVG
Cash Balance
has cash to cover current liabilities for 637 weeks, this is more cash available to meet short term requirements (25 weeks)
637 weeks - Ocean Pride Fishing Limited
25 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 6.6%, this is a lower level of debt than the average (45.3%)
6.6% - Ocean Pride Fishing Limited
45.3% - Industry AVG
OCEAN PRIDE FISHING LIMITED financials
Ocean Pride Fishing Limited's latest turnover from April 2023 is estimated at £254.7 thousand and the company has net assets of £698.2 thousand. According to their latest financial statements, we estimate that Ocean Pride Fishing Limited has 1 employee and maintains cash reserves of £603.5 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 | ||||||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 104,216 | 98,158 | 130,878 | 201,057 | 249,924 | 444,464 | 351,514 | 428,739 | 411,943 | 413,680 |
| Intangible Assets | 4,620 | 4,620 | 4,620 | 4,620 | 4,620 | 4,620 | 4,620 | 1,120 | 1,120 | 1,900 |
| Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Fixed Assets | 108,836 | 102,778 | 135,498 | 205,677 | 254,544 | 449,084 | 356,134 | 429,859 | 413,063 | 415,580 |
| Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Debtors | 35,039 | 38,411 | 66,816 | 131,021 | 28,403 | 37,389 | 32,362 | 31,720 | 20,586 | 35,594 |
| Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash | 603,532 | 514,672 | 281,107 | 315,646 | 442,325 | 444,701 | 299,600 | 492,885 | 123,490 | 165,235 |
| misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current assets | 638,571 | 553,083 | 347,923 | 446,667 | 470,728 | 482,090 | 331,962 | 524,605 | 144,076 | 200,829 |
| total assets | 747,407 | 655,861 | 483,421 | 652,344 | 725,272 | 931,174 | 688,096 | 954,464 | 557,139 | 616,409 |
| Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Trade Creditors | 49,248 | 21,113 | 0 | 0 | 81,915 | 194,837 | 178,510 | 401,732 | 362,451 | 463,433 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total current liabilities | 49,248 | 21,113 | 0 | 0 | 81,915 | 194,837 | 178,510 | 401,732 | 362,451 | 463,433 |
| loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other liabilities | 0 | 0 | 0 | 0 | 0 | 299,386 | 143,905 | 165,456 | 183,954 | 191,894 |
| provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| total long term liabilities | 0 | 0 | 0 | 0 | 0 | 299,386 | 143,905 | 165,456 | 183,954 | 191,894 |
| total liabilities | 49,248 | 21,113 | 0 | 0 | 81,915 | 494,223 | 322,415 | 567,188 | 546,405 | 655,327 |
| net assets | 698,159 | 634,748 | 483,421 | 652,344 | 643,357 | 436,951 | 365,681 | 387,276 | 10,734 | -38,918 |
| total shareholders funds | 698,159 | 634,748 | 483,421 | 652,344 | 643,357 | 436,951 | 365,681 | 387,276 | 10,734 | -38,918 |
| Apr 2023 | Apr 2022 | Apr 2021 | Apr 2020 | Apr 2019 | Apr 2018 | Apr 2017 | Apr 2016 | Apr 2015 | Apr 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | ||||||||||
| Operating Profit | ||||||||||
| Depreciation | 34,738 | 32,720 | 39,959 | 66,352 | 82,842 | 148,591 | 117,609 | 16,018 | 8,063 | 12,087 |
| Amortisation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Tax | ||||||||||
| Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Debtors | -3,372 | -28,405 | -64,205 | 102,618 | -8,986 | 5,027 | 642 | 11,134 | -15,008 | 35,594 |
| Creditors | 28,135 | 21,113 | 0 | -81,915 | -112,922 | 16,327 | -223,222 | 39,281 | -100,982 | 463,433 |
| Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Cash flow from operations | ||||||||||
| Investing Activities | ||||||||||
| capital expenditure | ||||||||||
| Change in Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| cash flow from investments | ||||||||||
| Financing Activities | ||||||||||
| Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| other long term liabilities | 0 | 0 | 0 | 0 | -299,386 | 155,481 | -21,551 | -18,498 | -7,940 | 191,894 |
| share issue | ||||||||||
| interest | ||||||||||
| cash flow from financing | ||||||||||
| cash and cash equivalents | ||||||||||
| cash | 88,860 | 233,565 | -34,539 | -126,679 | -2,376 | 145,101 | -193,285 | 369,395 | -41,745 | 165,235 |
| overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| change in cash | 88,860 | 233,565 | -34,539 | -126,679 | -2,376 | 145,101 | -193,285 | 369,395 | -41,745 | 165,235 |
ocean pride fishing limited Credit Report and Business Information
Ocean Pride Fishing Limited Competitor Analysis
Perform a competitor analysis for ocean pride fishing limited by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other micro companies, companies in TR11 area or any other competitors across 12 key performance metrics.
ocean pride fishing limited Ownership
OCEAN PRIDE FISHING LIMITED group structure
Ocean Pride Fishing Limited has no subsidiary companies.
Ultimate parent company
OCEAN PRIDE FISHING LIMITED
08506537
ocean pride fishing limited directors
Ocean Pride Fishing Limited currently has 2 directors. The longest serving directors include Mr Jonathan Hamilton (Apr 2013) and Mr Peter Laity (Apr 2013).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Jonathan Hamilton | United Kingdom | 58 years | Apr 2013 | - | Director |
| Mr Peter Laity | United Kingdom | 61 years | Apr 2013 | - | Director |
P&L
April 2023turnover
254.7k
+47%
operating profit
60.8k
0%
gross margin
11.7%
-11.6%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
April 2023net assets
698.2k
+0.1%
total assets
747.4k
+0.14%
cash
603.5k
+0.17%
net assets
Total assets minus all liabilities
Similar Companies
ocean pride fishing limited company details
company number
08506537
Type
Private limited with Share Capital
industry
03110 - Marine fishing
incorporation date
April 2013
age
11
incorporated
UK
accounts
Unaudited Abridged
ultimate parent company
previous names
N/A
last accounts submitted
April 2023
address
48 coventry road, flushing, falmouth, cornwall, TR11 5TX
accountant
-
auditor
-
ocean pride fishing 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 ocean pride fishing limited.
ocean pride fishing limited Companies House Filings - See Documents
| date | description | view/download |
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