Pomanda estimates the enterprise value of OCEAN LED MARINE LIMITED at £2.2m based on a Turnover of £4.3m and 0.5x industry multiple (adjusted for size and gross margin).
ocean led marine limitedEstimated Valuation
£345.2k
Pomanda estimates the enterprise value of OCEAN LED MARINE LIMITED at £345.2k based on an EBITDA of £90.4k and a 3.82x industry multiple (adjusted for size and gross margin).
ocean led marine limitedEstimated Valuation
£4.1m
Pomanda estimates the enterprise value of OCEAN LED MARINE LIMITED at £4.1m based on Net Assets of £2.4m and 1.71x industry multiple (adjusted for liquidity).
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Ocean Led Marine LimitedOverview
Ocean Led Marine Limited is a live company located in hinckley, LE10 3BS with a Companies House number of 08927130. It operates in the manufacture of electric lighting equipment sector, SIC Code 27400. Founded in March 2014, it's largest shareholder is
mark blythe
with a 36.5% stake. Ocean Led Marine Limited is a established,
small sized company, Pomanda has estimated its turnover at
£4.3m with
declining
growth in recent years.
Pomanda's financial health check has awarded Ocean Led Marine Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 6 areas for improvement. Company Health Check FAQs
Health Rating4out of 5
4 Strong
2 Regular
6 Weak
Size
annual sales of £4.3m, make it smaller than the average company (£11.8m)
£4.3m - Ocean Led Marine Limited
£11.8m - Industry AVG
Growth
3 year (CAGR) sales growth of -10%, show it is growing at a slower rate (4.6%)
-10% - Ocean Led Marine Limited
4.6% - Industry AVG
Production
with a gross margin of 35.1%, this company has a comparable cost of product (35.1%)
35.1% - Ocean Led Marine Limited
35.1% - Industry AVG
Profitability
an operating margin of 2% make it less profitable than the average company (6.9%)
2% - Ocean Led Marine Limited
6.9% - Industry AVG
Employees
with 40 employees, this is below the industry average (57)
40 - Ocean Led Marine Limited
57 - Industry AVG
Pay Structure
on an average salary of £47.5k, the company has an equivalent pay structure (£47.5k)
£47.5k - Ocean Led Marine Limited
£47.5k - Industry AVG
Efficiency
resulting in sales per employee of £107.3k, this is less efficient (£187.3k)
£107.3k - Ocean Led Marine Limited
£187.3k - Industry AVG
Debtor Days
it gets paid by customers after 34 days, this is earlier than average (54 days)
34 days - Ocean Led Marine Limited
54 days - Industry AVG
Creditor Days
its suppliers are paid after 60 days, this is slower than average (30 days)
60 days - Ocean Led Marine Limited
30 days - Industry AVG
Stock Days
it holds stock equivalent to 206 days, this is more than average (106 days)
206 days - Ocean Led Marine Limited
106 days - Industry AVG
Cash Balance
has cash to cover current liabilities
for 34 weeks, this is more cash available to meet short term requirements (12 weeks)
34 weeks - Ocean Led Marine Limited
12 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 38.6%, this is a lower level of debt than the average (48.6%)
38.6% - Ocean Led Marine Limited
48.6% - Industry AVG
OCEAN LED MARINE LIMITED financials
EXPORT
Ocean Led Marine Limited's latest turnover from December 2023 is estimated at £4.3 million and the company has net assets of £2.4 million. According to their latest financial statements, Ocean Led Marine Limited has 40 employees and maintains cash reserves of £746.2 thousand as reported in the balance sheet.
Data source:Companies House, Pomanda Estimates
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Turnover
4,292,096
3,907,539
3,259,864
5,833,146
7,285,868
6,946,847
6,932,310
6,759,769
5,080,034
5,450,621
Other Income Or Grants
Cost Of Sales
2,784,696
2,600,811
2,256,196
3,999,391
4,899,551
4,606,569
4,813,596
4,605,306
3,317,102
3,561,299
Gross Profit
1,507,399
1,306,728
1,003,668
1,833,755
2,386,317
2,340,278
2,118,714
2,154,463
1,762,932
1,889,322
Admin Expenses
1,423,547
949,540
862,639
1,724,232
2,239,853
2,207,977
2,032,718
2,023,376
1,586,165
1,738,464
Operating Profit
83,852
357,188
141,029
109,523
146,464
132,301
85,996
131,087
176,767
150,858
Interest Payable
37,050
41,167
31,417
15,860
5,235
5,444
Interest Receivable
37,991
20,504
1,982
800
532
2,527
1,067
785
1,396
419
Pre-Tax Profit
84,793
336,525
111,595
94,463
146,996
134,828
87,063
126,638
172,719
151,277
Tax
-21,198
-63,940
-21,203
-17,948
-27,929
-25,617
-16,542
-25,327
-34,544
-31,768
Profit After Tax
63,595
272,585
90,392
76,515
119,067
109,211
70,521
101,310
138,175
119,509
Dividends Paid
Retained Profit
63,595
272,585
90,392
76,515
119,067
109,211
70,521
101,310
138,175
119,509
Employee Costs
1,898,589
1,681,873
1,548,767
1,369,995
1,530,080
1,387,462
1,456,615
1,404,027
1,248,819
1,149,804
Number Of Employees
40
36
35
33
37
34
36
35
35
33
EBITDA*
90,388
372,905
159,200
143,482
195,490
215,147
181,335
231,482
238,249
181,866
* Earnings Before Interest, Tax, Depreciation and Amortisation
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Tangible Assets
819
2,590
17,669
30,436
59,742
60,181
84,802
131,222
172,631
118,123
Intangible Assets
7,997
638
3,170
7,823
14,503
27,709
27,779
21,574
5,002
Investments & Other
1
1
1
1
1
1
1
1
1
1
Debtors (Due After 1 year)
Total Fixed Assets
8,817
2,591
18,308
33,607
67,566
74,685
112,512
159,002
194,206
123,126
Stock & work in progress
1,572,610
1,333,048
1,098,086
869,451
980,705
872,380
821,535
678,845
672,922
689,103
Trade Debtors
401,168
619,455
443,223
1,582,642
1,965,491
2,057,087
1,984,725
1,829,057
1,248,519
1,126,019
Group Debtors
892,432
999,822
1,222,563
Misc Debtors
249,905
162,378
91,501
367,737
201,945
143,526
269,057
208,423
398,153
Cash
746,164
701,123
470,518
1,115,370
579,845
484,119
189,753
237,071
390,676
167,698
misc current assets
total current assets
3,862,279
3,815,826
3,325,891
3,935,200
3,727,986
3,557,112
3,265,070
2,953,396
2,710,270
1,982,820
total assets
3,871,096
3,818,417
3,344,199
3,968,807
3,795,552
3,631,797
3,377,582
3,112,398
2,904,476
2,105,946
Bank overdraft
104,000
104,000
104,000
43,333
167,505
Bank loan
Trade Creditors
460,402
145,508
181,847
242,281
489,925
612,414
627,773
682,130
520,801
1,501,689
Group/Directors Accounts
other short term finances
hp & lease commitments
other current liabilities
557,530
779,340
527,368
1,057,038
1,197,701
945,724
889,043
787,766
694,513
total current liabilities
1,121,932
1,028,848
813,215
1,342,652
1,687,626
1,558,138
1,516,816
1,469,896
1,382,819
1,501,689
loans
173,333
277,333
381,333
476,667
hp & lease commitments
Accruals and Deferred Income
other liabilities
provisions
200,000
200,000
110,000
205,000
117,015
200,915
135,611
103,870
84,335
50,000
total long term liabilities
373,333
477,333
491,333
681,667
117,015
200,915
135,611
103,870
84,335
50,000
total liabilities
1,495,265
1,506,181
1,304,548
2,024,319
1,804,641
1,759,053
1,652,427
1,573,766
1,467,154
1,551,689
net assets
2,375,831
2,312,236
2,039,651
1,944,488
1,990,911
1,872,744
1,725,155
1,538,632
1,437,322
554,257
total shareholders funds
2,375,831
2,312,236
2,039,651
1,944,488
1,990,911
1,872,744
1,725,155
1,538,632
1,437,322
554,257
Dec 2023
Dec 2022
Dec 2021
Dec 2020
Mar 2020
Mar 2019
Mar 2018
Mar 2017
Mar 2016
Mar 2015
Operating Activities
Operating Profit
83,852
357,188
141,029
109,523
146,464
132,301
85,996
131,087
176,767
150,858
Depreciation
1,771
15,079
15,639
29,306
37,236
64,540
77,809
89,325
56,785
31,008
Amortisation
4,765
638
2,532
4,653
11,790
18,306
17,530
11,070
4,697
Tax
-21,198
-63,940
-21,203
-17,948
-27,929
-25,617
-16,542
-25,327
-34,544
-31,768
Stock
239,562
234,962
228,635
-2,929
108,325
50,845
142,690
5,923
-16,181
689,103
Debtors
-238,150
24,368
-193,092
-250,234
-33,177
-53,169
216,302
390,808
520,653
1,126,019
Creditors
314,894
-36,339
-60,434
-370,133
-122,489
-15,359
-54,357
161,329
-980,888
1,501,689
Accruals and Deferred Income
-221,810
251,972
-529,670
111,314
251,977
56,681
101,277
93,253
694,513
Deferred Taxes & Provisions
90,000
-95,000
4,085
-83,900
65,304
31,741
19,535
34,335
50,000
Cash flow from operations
160,862
355,268
-582,650
123,963
138,001
298,480
-115,538
83,541
-552,807
-113,335
Investing Activities
capital expenditure
-12,762
-2,872
7,119
-41,907
-45,019
-48,849
-65,191
-132,562
-154,133
Change in Investments
1
cash flow from investments
-12,762
-2,872
7,119
-41,907
-45,019
-48,849
-65,191
-132,562
-154,134
Financing Activities
Bank loans
Group/Directors Accounts
Other Short Term Loans
Long term loans
-104,000
-104,000
-95,334
476,667
Hire Purchase and Lease Commitments
other long term liabilities
share issue
4,771
-4,771
-900
38,378
116,002
744,890
434,748
interest
941
-20,663
-29,435
-15,060
532
2,527
1,067
-4,450
-4,048
419
cash flow from financing
-103,059
-124,663
-119,998
456,836
-368
40,905
117,069
-4,450
740,842
435,167
cash and cash equivalents
cash
45,041
230,605
-644,852
631,251
95,726
294,366
-47,318
-153,605
222,978
167,698
overdraft
60,667
43,333
-167,505
167,505
change in cash
45,041
230,605
-705,519
587,918
95,726
294,366
-47,318
13,900
55,473
167,698
ocean led marine limited Credit Report and Business Information
Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
Get a comprehensive credit check for ocean led marine limited. Get real-time insights into ocean led marine limited's credit score, group structure and payment trends.
Perform a competitor analysis for ocean led marine limited by selecting its closest rivals, whether from the MANUFACTURING sector, other small companies, companies in LE10 area or any other competitors across 12 key performance metrics.
ocean led marine limited Ownership
OCEAN LED MARINE LIMITED group structure
Ocean Led Marine Limited has no subsidiary companies.
Ultimate parent company
OCEAN LED MARINE LIMITED
08927130
OCEAN LED MARINE LIMITED Shareholders
The largest shareholders in Ocean Led Marine Limited include Mark Blythe and Adrian Wood.
mark blythe
36.55%
adrian wood
7.91%
justin bache
6.73%
mark couling
6.73%
rod crozier
6.73%
nrg offshore limited
5.87%
eleanor keeping
5.52%
gurpernam dhariwal
5.02%
sam norman
4.17%
joe hutchinson
2.95%
ocean led marine limited directors
Ocean Led Marine Limited currently has 5 directors.
The longest serving directors include
Mr Mark Blythe (Mar 2014) and
Mr Roderick Crozier (Feb 2015).
27400 - Manufacture of electric lighting equipment
incorporation date
March 2014
age
11
incorporated
UK
ultimate parent company
None
accounts
Small Company
last accounts submitted
December 2023
previous names
N/A
accountant
-
auditor
MAGMA AUDIT LLP
address
unit 1, dodwells bridge industrial estat, hinckley, leicestershire, LE10 3BS
Bank
SANTANDER UK PLC
Legal Advisor
-
ocean led marine 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 4 charges/mortgages relating to ocean led marine limited. Currently there are 1 open charges and 3 have been satisfied in the past.
ocean led marine 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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ocean led marine limitedCompanies House Filings - See Documents
