ocean news limited Company Information
Company Number
10246982
Website
www.cleanourocean.comRegistered Address
21a oakleigh drive, orton longueville, peterborough, uk, PE2 7BG
Industry
Postal activities under universal service obligation
Retail sale in non-specialised stores with food, beverages or tobacco predominating
Telephone
441753871972
Next Accounts Due
March 2025
Group Structure
View All
Directors
Ce Gao7 Years
Shareholders
ce gao 100%
ocean news limited Estimated Valuation
Pomanda estimates the enterprise value of OCEAN NEWS LIMITED at £71.4k based on a Turnover of £412.7k and 0.17x industry multiple (adjusted for size and gross margin).
ocean news limited Estimated Valuation
Pomanda estimates the enterprise value of OCEAN NEWS LIMITED at £23.3k based on an EBITDA of £12.2k and a 1.9x industry multiple (adjusted for size and gross margin).
ocean news limited Estimated Valuation
Pomanda estimates the enterprise value of OCEAN NEWS LIMITED at £208.7k based on Net Assets of £81.8k and 2.55x industry multiple (adjusted for liquidity).
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Ocean News Limited Overview
Ocean News Limited is a live company located in peterborough, PE2 7BG with a Companies House number of 10246982. It operates in the retail sale in non-specialised stores with food, beverages or tobacco predominating sector, SIC Code 47110. Founded in June 2016, it's largest shareholder is ce gao with a 100% stake. Ocean News Limited is a young, micro sized company, Pomanda has estimated its turnover at £412.7k with declining growth in recent years.
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Ocean News Limited Health Check
Pomanda's financial health check has awarded Ocean News Limited a 4 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
1 Regular
5 Weak
Size
annual sales of £412.7k, make it smaller than the average company (£722.8k)
- Ocean News Limited
£722.8k - Industry AVG
Growth
3 year (CAGR) sales growth of -15%, show it is growing at a slower rate (4.6%)
- Ocean News Limited
4.6% - Industry AVG
Production
with a gross margin of 13.9%, this company has a higher cost of product (23.7%)
- Ocean News Limited
23.7% - Industry AVG
Profitability
an operating margin of 3% make it more profitable than the average company (1.4%)
- Ocean News Limited
1.4% - Industry AVG
Employees
with 3 employees, this is below the industry average (10)
3 - Ocean News Limited
10 - Industry AVG
Pay Structure
on an average salary of £26.7k, the company has an equivalent pay structure (£26.7k)
- Ocean News Limited
£26.7k - Industry AVG
Efficiency
resulting in sales per employee of £137.6k, this is more efficient (£104.3k)
- Ocean News Limited
£104.3k - Industry AVG
Debtor Days
it gets paid by customers after 28 days, this is later than average (21 days)
- Ocean News Limited
21 days - Industry AVG
Creditor Days
its suppliers are paid after 109 days, this is slower than average (24 days)
- Ocean News Limited
24 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ocean News Limited
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ocean News Limited
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 66.5%, this is a lower level of debt than the average (74.4%)
66.5% - Ocean News Limited
74.4% - Industry AVG
ocean news limited Credit Report and Business Information
Ocean News Limited Competitor Analysis
Perform a competitor analysis for ocean news limited by selecting its closest rivals and benchmarking them against 12 key performance metrics.
ocean news limited Ownership
OCEAN NEWS LIMITED group structure
Ocean News Limited has no subsidiary companies.
Ultimate parent company
OCEAN NEWS LIMITED
10246982
ocean news limited directors
Ocean News Limited currently has 1 director, Mr Ce Gao serving since Jun 2016.
officer | country | age | start | end | role |
---|---|---|---|---|---|
Mr Ce Gao | United Kingdom | 44 years | Jun 2016 | - | Director |
OCEAN NEWS LIMITED financials
Ocean News Limited's latest turnover from June 2023 is estimated at £412.7 thousand and the company has net assets of £81.8 thousand. According to their latest financial statements, Ocean News Limited has 3 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
---|---|---|---|---|---|---|---|
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 | 3 | 3 | 3 | 3 | |||
EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
---|---|---|---|---|---|---|---|
Tangible Assets | 212,191 | 218,071 | 224,569 | 233,077 | 243,327 | 255,275 | 268,839 |
Intangible Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments & Other | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors (Due After 1 year) | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Total Fixed Assets | 212,191 | 218,071 | 224,569 | 233,077 | 243,327 | 255,275 | 268,839 |
Stock & work in progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Debtors | 31,950 | 59,701 | 92,730 | 51,856 | 36,715 | 60,636 | 29,381 |
Group Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Misc Debtors | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
misc current assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current assets | 31,950 | 59,701 | 92,730 | 51,856 | 36,715 | 60,636 | 29,381 |
total assets | 244,141 | 277,772 | 317,299 | 284,933 | 280,042 | 315,911 | 298,220 |
Bank overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Bank loan | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Trade Creditors | 106,737 | 126,606 | 150,741 | 163,131 | 161,581 | 203,355 | 181,406 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other short term finances | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other current liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total current liabilities | 106,737 | 126,606 | 150,741 | 163,131 | 161,581 | 203,355 | 181,406 |
loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
hp & lease commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other liabilities | 55,605 | 78,553 | 104,750 | 74,470 | 89,763 | 99,682 | 110,960 |
provisions | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
total long term liabilities | 55,605 | 78,553 | 104,750 | 74,470 | 89,763 | 99,682 | 110,960 |
total liabilities | 162,342 | 205,159 | 255,491 | 237,601 | 251,344 | 303,037 | 292,366 |
net assets | 81,799 | 72,613 | 61,808 | 47,332 | 28,698 | 12,874 | 5,854 |
total shareholders funds | 81,799 | 72,613 | 61,808 | 47,332 | 28,698 | 12,874 | 5,854 |
Jun 2023 | Jun 2022 | Jun 2021 | Jun 2020 | Jun 2019 | Jun 2018 | Jun 2017 | |
---|---|---|---|---|---|---|---|
Operating Activities | |||||||
Operating Profit | |||||||
Depreciation | |||||||
Amortisation | |||||||
Tax | |||||||
Stock | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Debtors | -27,751 | -33,029 | 40,874 | 15,141 | -23,921 | 31,255 | 29,381 |
Creditors | -19,869 | -24,135 | -12,390 | 1,550 | -41,774 | 21,949 | 181,406 |
Accruals and Deferred Income | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Deferred Taxes & Provisions | 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 |
cash flow from investments | |||||||
Financing Activities | |||||||
Bank loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Group/Directors Accounts | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Other Short Term Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Long term loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Hire Purchase and Lease Commitments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
other long term liabilities | -22,948 | -26,197 | 30,280 | -15,293 | -9,919 | -11,278 | 110,960 |
share issue | |||||||
interest | |||||||
cash flow from financing | |||||||
cash and cash equivalents | |||||||
cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
overdraft | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
change in cash | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
P&L
June 2023turnover
412.7k
-7%
operating profit
12.2k
0%
gross margin
13.9%
-11.9%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
81.8k
+0.13%
total assets
244.1k
-0.12%
cash
0
0%
net assets
Total assets minus all liabilities
ocean news limited company details
company number
10246982
Type
Private limited with Share Capital
industry
53100 - Postal activities under universal service obligation
47110 - Retail sale in non-specialised stores with food, beverages or tobacco predominating
incorporation date
June 2016
age
8
accounts
Micro-Entity Accounts
ultimate parent company
previous names
N/A
incorporated
UK
address
21a oakleigh drive, orton longueville, peterborough, uk, PE2 7BG
last accounts submitted
June 2023
ocean news 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 news limited.
ocean news limited Companies House Filings - See Documents
date | description | view/download |
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