ind ocean limited

4.5

ind ocean limited Company Information

Share IND OCEAN LIMITED
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Company Number

13489590

Website

-

Registered Address

portland house, 69-71 wembley hill road, wembley, middlesex, HA9 8BU

Industry

Other business support service activities n.e.c.

 

Telephone

-

Next Accounts Due

September 2025

Group Structure

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Directors

Mark Verschoyle3 Years

Nikolaos Fragkoudakis3 Years

View All

Shareholders

handymax holdco limited 100%

ind ocean limited Estimated Valuation

£5.3m

Pomanda estimates the enterprise value of IND OCEAN LIMITED at £5.3m based on a Turnover of £4.9m and 1.09x industry multiple (adjusted for size and gross margin).

ind ocean limited Estimated Valuation

£23.1m

Pomanda estimates the enterprise value of IND OCEAN LIMITED at £23.1m based on an EBITDA of £2.8m and a 8.3x industry multiple (adjusted for size and gross margin).

ind ocean limited Estimated Valuation

£9m

Pomanda estimates the enterprise value of IND OCEAN LIMITED at £9m based on Net Assets of £3.5m and 2.57x industry multiple (adjusted for liquidity).

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Ind Ocean Limited Overview

Ind Ocean Limited is a live company located in wembley, HA9 8BU with a Companies House number of 13489590. It operates in the other business support service activities n.e.c. sector, SIC Code 82990. Founded in July 2021, it's largest shareholder is handymax holdco limited with a 100% stake. Ind Ocean Limited is a startup, small sized company, Pomanda has estimated its turnover at £4.9m with unknown growth in recent years.

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Ind Ocean Limited Health Check

Pomanda's financial health check has awarded Ind Ocean Limited a 4.5 rating. We use a traffic light system to show it exceeds the industry average on 5 measures and has 3 areas for improvement. Company Health Check FAQs

Health Check Image
Health Rating4.5out of 5
positive_score

5 Strong

positive_score

2 Regular

positive_score

3 Weak

size

Size

annual sales of £4.9m, make it in line with the average company (£4.5m)

£4.9m - Ind Ocean Limited

£4.5m - Industry AVG

growth

Growth

There is insufficient data available for this Key Performance Indicator!

- - Ind Ocean Limited

- - Industry AVG

production

Production

with a gross margin of 93.6%, this company has a lower cost of product (37.8%)

93.6% - Ind Ocean Limited

37.8% - Industry AVG

profitability

Profitability

an operating margin of 50% make it more profitable than the average company (5.7%)

50% - Ind Ocean Limited

5.7% - Industry AVG

employees

Employees

with 2 employees, this is below the industry average (26)

2 - Ind Ocean Limited

26 - Industry AVG

paystructure

Pay Structure

There is insufficient data available for this Key Performance Indicator!

- - Ind Ocean Limited

- - Industry AVG

efficiency

Efficiency

resulting in sales per employee of £2.5m, this is more efficient (£167.6k)

£2.5m - Ind Ocean Limited

£167.6k - Industry AVG

debtordays

Debtor Days

it gets paid by customers after 7 days, this is earlier than average (41 days)

7 days - Ind Ocean Limited

41 days - Industry AVG

creditordays

Creditor Days

its suppliers are paid after 273 days, this is slower than average (31 days)

273 days - Ind Ocean Limited

31 days - Industry AVG

stockdays

Stock Days

it holds stock equivalent to 71 days, this is more than average (32 days)

71 days - Ind Ocean Limited

32 days - Industry AVG

cashbalance

Cash Balance

has cash to cover current liabilities for 14 weeks, this is less cash available to meet short term requirements (23 weeks)

14 weeks - Ind Ocean Limited

23 weeks - Industry AVG

debtlevel

Debt Level

it has a ratio of liabilities to total assets of 58.9%, this is a similar level of debt than the average (62%)

58.9% - Ind Ocean Limited

62% - Industry AVG

IND OCEAN LIMITED financials

EXPORTms excel logo

Ind Ocean Limited's latest turnover from December 2023 is £4.9 million and the company has net assets of £3.5 million. According to their latest financial statements, Ind Ocean Limited has 2 employees and maintains cash reserves of £292.1 thousand as reported in the balance sheet.

Data source: Companies HousePomanda Estimates

Dec 2023Dec 2022
Turnover4,904,3853,776,565
Other Income Or Grants00
Cost Of Sales316,319315,900
Gross Profit4,588,0663,460,665
Admin Expenses2,137,6552,029,809
Operating Profit2,450,4111,430,856
Interest Payable416,149324,632
Interest Receivable1,044122
Pre-Tax Profit2,035,3061,106,345
Tax00
Profit After Tax2,035,3061,106,345
Dividends Paid1,241,730347,552
Retained Profit793,577758,793
Employee Costs00
Number Of Employees224
EBITDA*2,789,6961,801,539

* Earnings Before Interest, Tax, Depreciation and Amortisation

Dec 2023Dec 2022
Tangible Assets8,026,6948,348,240
Intangible Assets00
Investments & Other00
Debtors (Due After 1 year)00
Total Fixed Assets8,026,6948,348,239
Stock & work in progress61,56852,571
Trade Debtors98,247246,355
Group Debtors00
Misc Debtors73,53770,037
Cash292,14082,943
misc current assets00
total current assets525,493451,908
total assets8,552,1878,800,147
Bank overdraft00
Bank loan559,300878,898
Trade Creditors 237,200239,433
Group/Directors Accounts11
other short term finances00
hp & lease commitments00
other current liabilities221,573397,989
total current liabilities1,018,0751,516,322
loans8,045,6289,132,206
hp & lease commitments00
Accruals and Deferred Income00
other liabilities00
provisions00
total long term liabilities4,022,8144,566,103
total liabilities5,040,8896,082,425
net assets3,511,2992,717,721
total shareholders funds3,511,2982,717,722
Dec 2023Dec 2022
Operating Activities
Operating Profit2,450,4111,430,856
Depreciation339,286370,683
Amortisation00
Tax00
Stock8,99752,571
Debtors-144,608316,392
Creditors-2,233239,433
Accruals and Deferred Income-176,416397,989
Deferred Taxes & Provisions00
Cash flow from operations2,746,6592,069,998
Investing Activities
capital expenditure-17,740-8,718,923
Change in Investments00
cash flow from investments-17,740-8,718,923
Financing Activities
Bank loans-319,598878,898
Group/Directors Accounts01
Other Short Term Loans 00
Long term loans-1,086,5789,132,206
Hire Purchase and Lease Commitments00
other long term liabilities00
share issue01,958,929
interest-415,105-324,510
cash flow from financing-1,821,28111,645,524
cash and cash equivalents
cash209,19782,943
overdraft00
change in cash209,19782,943

ind ocean 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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Ind Ocean Limited Competitor Analysis

competitor_analysis_table_img

Perform a competitor analysis for ind ocean limited by selecting its closest rivals, whether from the ADMINISTRATIVE AND SUPPORT SERVICE ACTIVITIES sector, other small companies, companies in HA9 area or any other competitors across 12 key performance metrics.

ind ocean limited Ownership

IND OCEAN LIMITED group structure

Ind Ocean Limited has no subsidiary companies.

Ultimate parent company

1 parent

IND OCEAN LIMITED

13489590

IND OCEAN LIMITED Shareholders

handymax holdco limited 100%

ind ocean limited directors

Ind Ocean Limited currently has 3 directors. The longest serving directors include Mr Mark Verschoyle (Oct 2021) and Mr Nikolaos Fragkoudakis (Oct 2021).

officercountryagestartendrole
Mr Mark VerschoyleUnited Kingdom61 years Oct 2021- Director
Mr Nikolaos FragkoudakisUnited Kingdom41 years Oct 2021- Director
Mr Matthew EnstonEngland46 years Apr 2024- Director

P&L

December 2023

turnover

4.9m

+30%

operating profit

2.5m

+71%

gross margin

93.6%

+2.09%

turnover

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

Balance Sheet

December 2023

net assets

3.5m

+0.29%

total assets

8.6m

-0.03%

cash

292.1k

+2.52%

net assets

Total assets minus all liabilities

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ind ocean limited company details

company number

13489590

Type

Private limited with Share Capital

industry

82990 - Other business support service activities n.e.c.

incorporation date

July 2021

age

3

incorporated

UK

ultimate parent company

accounts

Full Accounts

last accounts submitted

December 2023

previous names

uml snp d limited (October 2021)

accountant

-

auditor

MALDE & CO

address

portland house, 69-71 wembley hill road, wembley, middlesex, HA9 8BU

Bank

-

Legal Advisor

-

ind ocean 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 5 charges/mortgages relating to ind ocean limited. Currently there are 5 open charges and 0 have been satisfied in the past.

charges

ind ocean limited Companies House Filings - See Documents

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