ocean cove limited
ocean cove limited Company Information
Company Number
12630790
Next Accounts
Sep 2025
Directors
Shareholders
ocean cove parks limited
Group Structure
View All
Industry
Other holiday and other short-stay accommodation (not including holiday centres and villages or youth hostels) n.e.c.
Registered Address
centenary house peninsula park, rydon lane, exeter, EX2 7XE
Website
ocean-cove.co.ukocean cove limited Estimated Valuation
Pomanda estimates the enterprise value of OCEAN COVE LIMITED at £469.1k based on a Turnover of £727.5k and 0.64x industry multiple (adjusted for size and gross margin).
ocean cove limited Estimated Valuation
Pomanda estimates the enterprise value of OCEAN COVE LIMITED at £1.1m based on an EBITDA of £370.3k and a 2.91x industry multiple (adjusted for size and gross margin).
ocean cove limited Estimated Valuation
Pomanda estimates the enterprise value of OCEAN COVE LIMITED at £511.3k based on Net Assets of £269.3k and 1.9x industry multiple (adjusted for liquidity).
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Ocean Cove Limited Overview
Ocean Cove Limited is a live company located in exeter, EX2 7XE with a Companies House number of 12630790. It operates in the other holiday and other collective accommodation sector, SIC Code 55209. Founded in May 2020, it's largest shareholder is ocean cove parks limited with a 100% stake. Ocean Cove Limited is a young, small sized company, Pomanda has estimated its turnover at £727.5k with unknown growth in recent years.
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Ocean Cove Limited Health Check
Pomanda's financial health check has awarded Ocean Cove Limited a 4 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 4 areas for improvement. Company Health Check FAQs
4 Strong
2 Regular
4 Weak
Size
annual sales of £727.5k, make it larger than the average company (£536.5k)
- Ocean Cove Limited
£536.5k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ocean Cove Limited
- - Industry AVG
Production
with a gross margin of 68.3%, this company has a comparable cost of product (68.3%)
- Ocean Cove Limited
68.3% - Industry AVG
Profitability
an operating margin of 35.8% make it more profitable than the average company (14.5%)
- Ocean Cove Limited
14.5% - Industry AVG
Employees
with 3 employees, this is below the industry average (15)
3 - Ocean Cove Limited
15 - Industry AVG
Pay Structure
on an average salary of £25.2k, the company has an equivalent pay structure (£25.2k)
- Ocean Cove Limited
£25.2k - Industry AVG
Efficiency
resulting in sales per employee of £242.5k, this is more efficient (£67.6k)
- Ocean Cove Limited
£67.6k - Industry AVG
Debtor Days
it gets paid by customers after 17 days, this is later than average (9 days)
- Ocean Cove Limited
9 days - Industry AVG
Creditor Days
There is insufficient data available for this Key Performance Indicator!
- Ocean Cove Limited
- - Industry AVG
Stock Days
it holds stock equivalent to 43 days, this is less than average (75 days)
- Ocean Cove Limited
75 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 0 weeks, this is less cash available to meet short term requirements (43 weeks)
0 weeks - Ocean Cove Limited
43 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 93.8%, this is a higher level of debt than the average (53.7%)
93.8% - Ocean Cove Limited
53.7% - Industry AVG
OCEAN COVE LIMITED financials
Ocean Cove Limited's latest turnover from December 2023 is estimated at £727.5 thousand and the company has net assets of £269.3 thousand. According to their latest financial statements, Ocean Cove Limited has 3 employees and maintains cash reserves of £20.6 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Aug 2021 | |
|---|---|---|---|---|
| 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 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Aug 2021 | |
|---|---|---|---|---|
| Tangible Assets | 3,237,477 | 3,298,303 | 3,252,564 | 3,269,439 |
| Intangible Assets | 227,496 | 262,495 | 297,494 | 309,160 |
| Investments & Other | ||||
| Debtors (Due After 1 year) | ||||
| Total Fixed Assets | 3,464,973 | 3,560,798 | 3,550,058 | 3,578,599 |
| Stock & work in progress | 27,241 | 22,501 | 25,631 | 5,365 |
| Trade Debtors | 35,539 | 16,783 | 126,541 | 162,356 |
| Group Debtors | 769,000 | 767,512 | 769,050 | 769,050 |
| Misc Debtors | 16,707 | 80,287 | 154,533 | 159,767 |
| Cash | 20,567 | 2,457 | 33,028 | 53,474 |
| misc current assets | ||||
| total current assets | 869,054 | 889,540 | 1,108,783 | 1,150,012 |
| total assets | 4,334,027 | 4,450,338 | 4,658,841 | 4,728,611 |
| Bank overdraft | ||||
| Bank loan | 119,364 | 116,594 | 113,861 | 112,827 |
| Trade Creditors | 4,547 | 103,958 | 98,355 | |
| Group/Directors Accounts | 798,362 | 783,092 | 769,900 | 769,900 |
| other short term finances | ||||
| hp & lease commitments | ||||
| other current liabilities | 1,637,254 | 1,714,575 | 1,758,210 | 1,722,669 |
| total current liabilities | 2,554,980 | 2,618,808 | 2,745,929 | 2,703,751 |
| loans | 1,484,775 | 1,604,139 | 1,720,321 | 1,758,390 |
| hp & lease commitments | ||||
| Accruals and Deferred Income | ||||
| other liabilities | ||||
| provisions | 25,000 | 13,680 | 19,220 | 23,450 |
| total long term liabilities | 1,509,775 | 1,617,819 | 1,739,541 | 1,781,840 |
| total liabilities | 4,064,755 | 4,236,627 | 4,485,470 | 4,485,591 |
| net assets | 269,272 | 213,711 | 173,371 | 243,020 |
| total shareholders funds | 269,272 | 213,711 | 173,371 | 243,020 |
| Dec 2023 | Dec 2022 | Dec 2021 | Aug 2021 | |
|---|---|---|---|---|
| Operating Activities | ||||
| Operating Profit | ||||
| Depreciation | 74,798 | 68,325 | 20,785 | 50,726 |
| Amortisation | 34,999 | 34,999 | ||
| Tax | ||||
| Stock | 4,740 | -3,130 | 25,631 | 5,365 |
| Debtors | -43,336 | -185,542 | 1,050,124 | 1,091,173 |
| Creditors | -4,547 | -99,411 | 103,958 | 98,355 |
| Accruals and Deferred Income | -77,321 | -43,635 | 1,758,210 | 1,722,669 |
| Deferred Taxes & Provisions | 11,320 | -5,540 | 19,220 | 23,450 |
| Cash flow from operations | ||||
| Investing Activities | ||||
| capital expenditure | ||||
| Change in Investments | ||||
| cash flow from investments | ||||
| Financing Activities | ||||
| Bank loans | 2,770 | 2,733 | 113,861 | 112,827 |
| Group/Directors Accounts | 15,270 | 13,192 | 769,900 | 769,900 |
| Other Short Term Loans | ||||
| Long term loans | -119,364 | -116,182 | 1,720,321 | 1,758,390 |
| Hire Purchase and Lease Commitments | ||||
| other long term liabilities | ||||
| share issue | ||||
| interest | ||||
| cash flow from financing | ||||
| cash and cash equivalents | ||||
| cash | 18,110 | -30,571 | 33,028 | 53,474 |
| overdraft | ||||
| change in cash | 18,110 | -30,571 | 33,028 | 53,474 |
ocean cove limited Credit Report and Business Information
Ocean Cove Limited Competitor Analysis
Perform a competitor analysis for ocean cove limited by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other small companies, companies in EX2 area or any other competitors across 12 key performance metrics.
ocean cove limited Ownership
OCEAN COVE LIMITED group structure
Ocean Cove Limited has no subsidiary companies.
ocean cove limited directors
Ocean Cove Limited currently has 1 director, Mr Rory Hardick serving since Jul 2020.
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Rory Hardick | England | 50 years | Jul 2020 | - | Director |
P&L
December 2023turnover
727.5k
+209%
operating profit
260.5k
0%
gross margin
68.3%
+1.67%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
269.3k
+0.26%
total assets
4.3m
-0.03%
cash
20.6k
+7.37%
net assets
Total assets minus all liabilities
Similar Companies
ocean cove limited company details
company number
12630790
Type
Private limited with Share Capital
industry
55209 - Other holiday and other short-stay accommodation (not including holiday centres and villages or youth hostels) n.e.c.
incorporation date
May 2020
age
5
incorporated
UK
ultimate parent company
accounts
Total Exemption Full
last accounts submitted
December 2023
previous names
N/A
accountant
FRANCIS CLARK LLP
auditor
-
address
centenary house peninsula park, rydon lane, exeter, EX2 7XE
Bank
-
Legal Advisor
-
ocean cove 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 cove limited. Currently there are 2 open charges and 0 have been satisfied in the past.
ocean cove 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 cove limited Companies House Filings - See Documents
| date | description | view/download |
|---|
