ocean city retreats ltd
ocean city retreats ltd Company Information
Company Number
13477429
Website
oceancityretreats.co.ukRegistered Address
122 fore street, saltash, PL12 6JW
Industry
Other holiday and other short-stay accommodation (not including holiday centres and villages or youth hostels) n.e.c.
Telephone
-
Next Accounts Due
March 2025
Group Structure
View All
Shareholders
geoffrey richard easson 50%
judy easson 50%
ocean city retreats ltd Estimated Valuation
Pomanda estimates the enterprise value of OCEAN CITY RETREATS LTD at £27k based on a Turnover of £50.1k and 0.54x industry multiple (adjusted for size and gross margin).
ocean city retreats ltd Estimated Valuation
Pomanda estimates the enterprise value of OCEAN CITY RETREATS LTD at £14k based on an EBITDA of £5.5k and a 2.54x industry multiple (adjusted for size and gross margin).
ocean city retreats ltd Estimated Valuation
Pomanda estimates the enterprise value of OCEAN CITY RETREATS LTD at £8.8k based on Net Assets of £4.7k and 1.89x industry multiple (adjusted for liquidity).
Edit your figures and get a professional valuation report.
Ocean City Retreats Ltd Overview
Ocean City Retreats Ltd is a live company located in saltash, PL12 6JW with a Companies House number of 13477429. It operates in the other holiday and other collective accommodation sector, SIC Code 55209. Founded in June 2021, it's largest shareholder is geoffrey richard easson with a 50% stake. Ocean City Retreats Ltd is a startup, micro sized company, Pomanda has estimated its turnover at £50.1k with unknown growth in recent years.
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Ocean City Retreats Ltd Health Check
Pomanda's financial health check has awarded Ocean City Retreats Ltd a 2 rating. We use a traffic light system to show it exceeds the industry average on 1 measures and has 6 areas for improvement. Company Health Check FAQs
1 Strong
2 Regular
6 Weak
Size
annual sales of £50.1k, make it smaller than the average company (£299.1k)
- Ocean City Retreats Ltd
£299.1k - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Ocean City Retreats Ltd
- - Industry AVG
Production
with a gross margin of 38.8%, this company has a higher cost of product (68.6%)
- Ocean City Retreats Ltd
68.6% - Industry AVG
Profitability
an operating margin of 11% make it as profitable than the average company (12.5%)
- Ocean City Retreats Ltd
12.5% - Industry AVG
Employees
with 2 employees, this is below the industry average (14)
2 - Ocean City Retreats Ltd
14 - Industry AVG
Pay Structure
on an average salary of £26.1k, the company has an equivalent pay structure (£26.1k)
- Ocean City Retreats Ltd
£26.1k - Industry AVG
Efficiency
resulting in sales per employee of £25k, this is less efficient (£57.4k)
- Ocean City Retreats Ltd
£57.4k - Industry AVG
Debtor Days
it gets paid by customers after 57 days, this is later than average (16 days)
- Ocean City Retreats Ltd
16 days - Industry AVG
Creditor Days
its suppliers are paid after 38 days, this is quicker than average (71 days)
- Ocean City Retreats Ltd
71 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ocean City Retreats Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ocean City Retreats Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 41%, this is a lower level of debt than the average (53.8%)
41% - Ocean City Retreats Ltd
53.8% - Industry AVG
OCEAN CITY RETREATS LTD financials
Ocean City Retreats Ltd's latest turnover from June 2023 is estimated at £50.1 thousand and the company has net assets of £4.7 thousand. According to their latest financial statements, Ocean City Retreats Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Jun 2023 | Jun 2022 | |
|---|---|---|
| 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 | 2 | 2 |
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Jun 2023 | Jun 2022 | |
|---|---|---|
| Tangible Assets | 0 | 0 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 0 | 0 |
| Stock & work in progress | 0 | 0 |
| Trade Debtors | 7,935 | 1,100 |
| Group Debtors | 0 | 0 |
| Misc Debtors | 0 | 0 |
| Cash | 0 | 0 |
| misc current assets | 0 | 0 |
| total current assets | 7,935 | 1,100 |
| total assets | 7,935 | 1,100 |
| Bank overdraft | 0 | 0 |
| Bank loan | 0 | 0 |
| Trade Creditors | 3,256 | 547 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 0 | 0 |
| total current liabilities | 3,256 | 547 |
| loans | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 0 | 0 |
| total liabilities | 3,256 | 547 |
| net assets | 4,679 | 553 |
| total shareholders funds | 4,679 | 553 |
| Jun 2023 | Jun 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | ||
| Depreciation | 0 | 0 |
| Amortisation | 0 | 0 |
| Tax | ||
| Stock | 0 | 0 |
| Debtors | 6,835 | 1,100 |
| Creditors | 2,709 | 547 |
| Accruals and Deferred Income | 0 | 0 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | ||
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | 0 | 0 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | 0 | 0 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | ||
| cash flow from financing | ||
| cash and cash equivalents | ||
| cash | 0 | 0 |
| overdraft | 0 | 0 |
| change in cash | 0 | 0 |
ocean city retreats ltd Credit Report and Business Information
Ocean City Retreats Ltd Competitor Analysis
Perform a competitor analysis for ocean city retreats ltd by selecting its closest rivals, whether from the ACCOMMODATION AND FOOD SERVICE ACTIVITIES sector, other micro companies, companies in PL12 area or any other competitors across 12 key performance metrics.
ocean city retreats ltd Ownership
OCEAN CITY RETREATS LTD group structure
Ocean City Retreats Ltd has no subsidiary companies.
Ultimate parent company
OCEAN CITY RETREATS LTD
13477429
ocean city retreats ltd directors
Ocean City Retreats Ltd currently has 3 directors. The longest serving directors include Mrs Judy Easson (Jun 2021) and Mr Geoffrey Easson (Jun 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mrs Judy Easson | England | 53 years | Jun 2021 | - | Director |
| Mr Geoffrey Easson | England | 59 years | Jun 2021 | - | Director |
| Mr Geoffrey Easson | 59 years | Jun 2021 | - | Director |
P&L
June 2023turnover
50.1k
+68%
operating profit
5.5k
0%
gross margin
38.9%
+22.01%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
June 2023net assets
4.7k
+7.46%
total assets
7.9k
+6.21%
cash
0
0%
net assets
Total assets minus all liabilities
Similar Companies
ocean city retreats ltd company details
company number
13477429
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
June 2021
age
3
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
June 2023
previous names
N/A
accountant
BLACKWELL BATE LTD
auditor
-
address
122 fore street, saltash, PL12 6JW
Bank
-
Legal Advisor
-
ocean city retreats ltd 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 city retreats ltd.
ocean city retreats ltd Companies House Filings - See Documents
| date | description | view/download |
|---|
