ocean bridge properties limited

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ocean bridge properties limited Company Information

Share OCEAN BRIDGE PROPERTIES LIMITED

Company Number

11718384

Shareholders

seabridge properties limited

Group Structure

View All

Industry

Buying and selling of own real estate

 

Registered Address

new burlington house, 1075 finchley road, london, NW11 0PU

Website

-

ocean bridge properties limited Estimated Valuation

£2.1m

Pomanda estimates the enterprise value of OCEAN BRIDGE PROPERTIES LIMITED at £2.1m based on a Turnover of £700.3k and 3.06x industry multiple (adjusted for size and gross margin).

ocean bridge properties limited Estimated Valuation

£9m

Pomanda estimates the enterprise value of OCEAN BRIDGE PROPERTIES LIMITED at £9m based on an EBITDA of £1.4m and a 6.47x industry multiple (adjusted for size and gross margin).

ocean bridge properties limited Estimated Valuation

£419.8k

Pomanda estimates the enterprise value of OCEAN BRIDGE PROPERTIES LIMITED at £419.8k based on Net Assets of £262k and 1.6x industry multiple (adjusted for liquidity).

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Ocean Bridge Properties Limited Overview

Ocean Bridge Properties Limited is a live company located in london, NW11 0PU with a Companies House number of 11718384. It operates in the buying and selling of own real estate sector, SIC Code 68100. Founded in December 2018, it's largest shareholder is seabridge properties limited with a 100% stake. Ocean Bridge Properties Limited is a young, small sized company, Pomanda has estimated its turnover at £700.3k with declining growth in recent years.

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Ocean Bridge Properties Limited Health Check

Pomanda's financial health check has awarded Ocean Bridge Properties Limited a 2.5 rating. We use a traffic light system to show it exceeds the industry average on 3 measures and has 6 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating2.5out of 5
positive_score

3 Strong

positive_score

2 Regular

positive_score

6 Weak

size

Size

annual sales of £700.3k, make it smaller than the average company (£939.2k)

£700.3k - Ocean Bridge Properties Limited

£939.2k - Industry AVG

growth

Growth

3 year (CAGR) sales growth of -2%, show it is growing at a slower rate (2.8%)

-2% - Ocean Bridge Properties Limited

2.8% - Industry AVG

production

Production

with a gross margin of 70.1%, this company has a comparable cost of product (70.1%)

70.1% - Ocean Bridge Properties Limited

70.1% - Industry AVG

profitability

Profitability

an operating margin of 199.6% make it more profitable than the average company (24%)

199.6% - Ocean Bridge Properties Limited

24% - Industry AVG

employees

Employees

with 12 employees, this is above the industry average (4)

12 - Ocean Bridge Properties Limited

4 - Industry AVG

paystructure

Pay Structure

on an average salary of £38k, the company has an equivalent pay structure (£38k)

£38k - Ocean Bridge Properties Limited

£38k - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £58.4k, this is less efficient (£188.3k)

£58.4k - Ocean Bridge Properties Limited

£188.3k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 7 days, this is earlier than average (24 days)

7 days - Ocean Bridge Properties Limited

24 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 28 days, this is quicker than average (33 days)

28 days - Ocean Bridge Properties Limited

33 days - Industry AVG

stockdays

Stock Days

There is insufficient data available for this Key Performance Indicator!

- - Ocean Bridge Properties Limited

- - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (8 weeks)

0 weeks - Ocean Bridge Properties Limited

8 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 97.8%, this is a higher level of debt than the average (64%)

97.8% - Ocean Bridge Properties Limited

64% - Industry AVG

OCEAN BRIDGE PROPERTIES LIMITED financials

EXPORTms excel logo

Ocean Bridge Properties Limited's latest turnover from December 2023 is estimated at £700.3 thousand and the company has net assets of £262 thousand. According to their latest financial statements, Ocean Bridge Properties Limited has 12 employees and maintains cash reserves of £38.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Turnover700,279683,808747,106751,199113,572
Other Income Or Grants00000
Cost Of Sales209,290206,637222,251219,19634,003
Gross Profit490,988477,172524,855532,00379,569
Admin Expenses-906,677-425,710-56,61963,743-192,502
Operating Profit1,397,665902,882581,474468,260272,071
Interest Payable604,4071,018,298674,983602,650298,769
Interest Receivable19,40912,50321526
Pre-Tax Profit812,667-102,913-93,488-134,385-26,672
Tax-203,1670000
Profit After Tax609,500-102,913-93,488-134,385-26,672
Dividends Paid00000
Retained Profit609,500-102,913-93,488-134,385-26,672
Employee Costs456,244485,233476,718484,45440,833
Number Of Employees121313131
EBITDA*1,398,051903,397582,161469,176272,149

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Tangible Assets9,617,4098,630,2959,394,4389,228,1698,968,016
Intangible Assets00000
Investments & Other22,50022,50022,50022,50022,500
Debtors (Due After 1 year)00000
Total Fixed Assets9,639,9098,652,7959,416,9389,250,6698,990,516
Stock & work in progress00000
Trade Debtors15,0357,62311,6629,8910
Group Debtors2,079,4223,4511,66800
Misc Debtors93,3761,305,2001,261,1921,644,2100
Cash38,096701,27613,1643,8147,000
misc current assets00000
total current assets2,225,9292,017,5501,287,6861,657,9157,000
total assets11,865,83810,670,34510,704,62410,908,5848,997,516
Bank overdraft00000
Bank loan00000
Trade Creditors 16,05812,05818,24219,37241,959
Group/Directors Accounts11,290,74880,00080,00083,47380,000
other short term finances00000
hp & lease commitments00000
other current liabilities49,990180,738158,08250,19439,815
total current liabilities11,356,796272,796256,324153,039161,774
loans010,745,00710,692,84510,906,6028,852,414
hp & lease commitments00000
Accruals and Deferred Income00000
other liabilities00000
provisions247,0000000
total long term liabilities247,00010,745,00710,692,84510,906,6028,852,414
total liabilities11,603,79611,017,80310,949,16911,059,6419,014,188
net assets262,042-347,458-244,545-151,057-16,672
total shareholders funds262,042-347,458-244,545-151,057-16,672
Dec 2023Dec 2022Dec 2021Dec 2020Dec 2019
Operating Activities
Operating Profit1,397,665902,882581,474468,260272,071
Depreciation38651568791678
Amortisation00000
Tax-203,1670000
Stock00000
Debtors871,55941,752-379,5791,654,1010
Creditors4,000-6,184-1,130-22,58741,959
Accruals and Deferred Income-130,74822,656107,88810,37939,815
Deferred Taxes & Provisions247,0000000
Cash flow from operations443,577878,1171,068,498-1,197,133353,923
Investing Activities
capital expenditure-987,500763,628-166,956-261,069-8,968,094
Change in Investments000022,500
cash flow from investments-987,500763,628-166,956-261,069-8,990,594
Financing Activities
Bank loans00000
Group/Directors Accounts11,210,7480-3,4733,47380,000
Other Short Term Loans 00000
Long term loans-10,745,00752,162-213,7572,054,1888,852,414
Hire Purchase and Lease Commitments00000
other long term liabilities00000
share issue000010,000
interest-584,998-1,005,795-674,962-602,645-298,743
cash flow from financing-119,257-953,633-892,1921,455,0168,643,671
cash and cash equivalents
cash-663,180688,1129,350-3,1867,000
overdraft00000
change in cash-663,180688,1129,350-3,1867,000

ocean bridge properties limited Credit Report and Business Information

Very Low Risk70 - 100
Low Risk50 - 70
Moderate Risk30 - 50
High Risk20 - 30
Very High Risk0 - 20
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Ocean Bridge Properties Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for ocean bridge properties limited by selecting its closest rivals, whether from the REAL ESTATE ACTIVITIES sector, other small companies, companies in NW11 area or any other competitors across 12 key performance metrics.

ocean bridge properties limited Ownership

OCEAN BRIDGE PROPERTIES LIMITED group structure

Ocean Bridge Properties Limited has no subsidiary companies.

Ultimate parent company

1 parent

OCEAN BRIDGE PROPERTIES LIMITED

11718384

OCEAN BRIDGE PROPERTIES LIMITED Shareholders

seabridge properties limited 100%

ocean bridge properties limited directors

Ocean Bridge Properties Limited currently has 2 directors. The longest serving directors include Mr Ian Heitner (Dec 2018) and Ms Sarah Heitner (Dec 2018).

officercountryagestartendrole
Mr Ian Heitner72 years Dec 2018- Director
Ms Sarah HeitnerUnited Kingdom71 years Dec 2018- Director

P&L

December 2023

turnover

700.3k

+2%

operating profit

1.4m

0%

gross margin

70.2%

+0.48%

turnover

Turnover, or revenue, is the amount of sales generated by a company within the financial year.

Balance Sheet

December 2023

net assets

262k

-1.75%

total assets

11.9m

+0.11%

cash

38.1k

-0.95%

net assets

Total assets minus all liabilities

ocean bridge properties limited company details

company number

11718384

Type

Private limited with Share Capital

industry

68100 - Buying and selling of own real estate

incorporation date

December 2018

age

7

incorporated

UK

ultimate parent company

accounts

Total Exemption Full

last accounts submitted

December 2023

previous names

N/A

accountant

-

auditor

-

address

new burlington house, 1075 finchley road, london, NW11 0PU

Bank

-

Legal Advisor

-

ocean bridge properties 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 2 charges/mortgages relating to ocean bridge properties limited. Currently there are 2 open charges and 0 have been satisfied in the past.

ocean bridge properties 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.

Click to start generating capital raising & share issue transactions for OCEAN BRIDGE PROPERTIES LIMITED. This can take several minutes, an email will notify you when this has completed.

ocean bridge properties limited Companies House Filings - See Documents

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