arct ocean limited
arct ocean limited Company Information
Company Number
13489592
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
View All
Shareholders
handymax holdco limited 100%
arct ocean limited Estimated Valuation
Pomanda estimates the enterprise value of ARCT OCEAN LIMITED at £4.4m based on a Turnover of £4.2m and 1.07x industry multiple (adjusted for size and gross margin).
arct ocean limited Estimated Valuation
Pomanda estimates the enterprise value of ARCT OCEAN LIMITED at £18.8m based on an EBITDA of £2.3m and a 8.16x industry multiple (adjusted for size and gross margin).
arct ocean limited Estimated Valuation
Pomanda estimates the enterprise value of ARCT OCEAN LIMITED at £12.6m based on Net Assets of £4.9m and 2.57x industry multiple (adjusted for liquidity).
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Arct Ocean Limited Overview
Arct Ocean Limited is a live company located in wembley, HA9 8BU with a Companies House number of 13489592. 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. Arct Ocean Limited is a startup, small sized company, Pomanda has estimated its turnover at £4.2m with unknown growth in recent years.
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Arct Ocean Limited Health Check
Pomanda's financial health check has awarded Arct Ocean Limited a 5 rating. We use a traffic light system to show it exceeds the industry average on 6 measures and has 2 areas for improvement. Company Health Check FAQs
6 Strong
1 Regular
2 Weak
Size
annual sales of £4.2m, make it in line with the average company (£4.5m)
£4.2m - Arct Ocean Limited
£4.5m - Industry AVG
Growth
There is insufficient data available for this Key Performance Indicator!
- Arct Ocean Limited
- - Industry AVG
Production
with a gross margin of 93.6%, this company has a lower cost of product (37.8%)
93.6% - Arct Ocean Limited
37.8% - Industry AVG
Profitability
an operating margin of 45% make it more profitable than the average company (5.7%)
45% - Arct Ocean Limited
5.7% - Industry AVG
Employees
with 3 employees, this is below the industry average (26)
3 - Arct Ocean Limited
26 - Industry AVG
Pay Structure
There is insufficient data available for this Key Performance Indicator!
- - Arct Ocean Limited
- - Industry AVG
Efficiency
resulting in sales per employee of £1.4m, this is more efficient (£167.6k)
£1.4m - Arct Ocean Limited
£167.6k - Industry AVG
Debtor Days
There is insufficient data available for this Key Performance Indicator!
- - Arct Ocean Limited
- - Industry AVG
Creditor Days
its suppliers are paid after 260 days, this is slower than average (31 days)
260 days - Arct Ocean Limited
31 days - Industry AVG
Stock Days
it holds stock equivalent to 83 days, this is more than average (32 days)
83 days - Arct Ocean Limited
32 days - Industry AVG
Cash Balance
has cash to cover current liabilities for 34 weeks, this is more cash available to meet short term requirements (23 weeks)
34 weeks - Arct Ocean Limited
23 weeks - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 48.5%, this is a lower level of debt than the average (62%)
48.5% - Arct Ocean Limited
62% - Industry AVG
ARCT OCEAN LIMITED financials
Arct Ocean Limited's latest turnover from December 2023 is £4.2 million and the company has net assets of £4.9 million. According to their latest financial statements, Arct Ocean Limited has 3 employees and maintains cash reserves of £613.3 thousand as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Turnover | 4,166,834 | 5,377,461 |
| Other Income Or Grants | 0 | 0 |
| Cost Of Sales | 267,050 | 346,588 |
| Gross Profit | 3,899,784 | 5,030,873 |
| Admin Expenses | 2,025,507 | 2,214,054 |
| Operating Profit | 1,874,277 | 2,816,819 |
| Interest Payable | 384,044 | 297,389 |
| Interest Receivable | 735 | 0 |
| Pre-Tax Profit | 1,490,970 | 2,519,431 |
| Tax | 0 | 0 |
| Profit After Tax | 1,490,970 | 2,519,431 |
| Dividends Paid | 1,253,044 | 978,874 |
| Retained Profit | 237,926 | 1,540,557 |
| Employee Costs | 0 | 0 |
| Number Of Employees | 3 | 3 |
| EBITDA* | 2,304,903 | 3,270,437 |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Tangible Assets | 8,740,798 | 9,171,424 |
| Intangible Assets | 0 | 0 |
| Investments & Other | 0 | 0 |
| Debtors (Due After 1 year) | 0 | 0 |
| Total Fixed Assets | 8,740,799 | 9,171,425 |
| Stock & work in progress | 60,821 | 54,215 |
| Trade Debtors | 0 | 0 |
| Group Debtors | 30,741 | 615,555 |
| Misc Debtors | 97,693 | 58,023 |
| Cash | 613,349 | 117,069 |
| misc current assets | 0 | 0 |
| total current assets | 802,605 | 844,863 |
| total assets | 9,543,404 | 10,016,288 |
| Bank overdraft | 1 | 1 |
| Bank loan | 515,288 | 844,114 |
| Trade Creditors | 190,915 | 215,103 |
| Group/Directors Accounts | 0 | 0 |
| other short term finances | 0 | 0 |
| hp & lease commitments | 0 | 0 |
| other current liabilities | 216,257 | 108,139 |
| total current liabilities | 922,462 | 1,167,357 |
| loans | 3,705,938 | 4,171,853 |
| hp & lease commitments | 0 | 0 |
| Accruals and Deferred Income | 0 | 0 |
| other liabilities | 0 | 0 |
| provisions | 0 | 0 |
| total long term liabilities | 3,705,938 | 4,171,853 |
| total liabilities | 4,628,400 | 5,339,210 |
| net assets | 4,915,004 | 4,677,078 |
| total shareholders funds | 4,915,004 | 4,677,078 |
| Dec 2023 | Dec 2022 | |
|---|---|---|
| Operating Activities | ||
| Operating Profit | 1,874,277 | 2,816,819 |
| Depreciation | 430,626 | 453,617 |
| Amortisation | 0 | 0 |
| Tax | 0 | 0 |
| Stock | 6,606 | 54,215 |
| Debtors | -545,144 | 673,578 |
| Creditors | -24,187 | 215,103 |
| Accruals and Deferred Income | 108,118 | 108,139 |
| Deferred Taxes & Provisions | 0 | 0 |
| Cash flow from operations | 2,927,372 | 2,865,885 |
| Investing Activities | ||
| capital expenditure | ||
| Change in Investments | 0 | 0 |
| cash flow from investments | ||
| Financing Activities | ||
| Bank loans | -328,826 | 844,114 |
| Group/Directors Accounts | 0 | 0 |
| Other Short Term Loans | 0 | 0 |
| Long term loans | -465,915 | 4,171,853 |
| Hire Purchase and Lease Commitments | 0 | 0 |
| other long term liabilities | 0 | 0 |
| share issue | ||
| interest | -383,309 | -297,389 |
| cash flow from financing | -1,178,050 | 7,855,099 |
| cash and cash equivalents | ||
| cash | 496,280 | 117,069 |
| overdraft | 0 | 1 |
| change in cash | 496,280 | 117,068 |
arct ocean limited Credit Report and Business Information
Arct Ocean Limited Competitor Analysis
Perform a competitor analysis for arct 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.
arct ocean limited Ownership
ARCT OCEAN LIMITED group structure
Arct Ocean Limited has no subsidiary companies.
arct ocean limited directors
Arct Ocean Limited currently has 3 directors. The longest serving directors include Mr Mark Verschoyle (Oct 2021) and Mr Nikolaos Fragkoudakis (Oct 2021).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr Mark Verschoyle | United Kingdom | 61 years | Oct 2021 | - | Director |
| Mr Nikolaos Fragkoudakis | United Kingdom | 41 years | Oct 2021 | - | Director |
| Mr Matthew Enston | England | 46 years | Apr 2024 | - | Director |
P&L
December 2023turnover
4.2m
-23%
operating profit
1.9m
-33%
gross margin
93.6%
+0.04%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
4.9m
+0.05%
total assets
9.5m
-0.05%
cash
613.3k
+4.24%
net assets
Total assets minus all liabilities
Similar Companies
arct ocean limited company details
company number
13489592
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
Small Company
last accounts submitted
December 2023
previous names
uml snp c limited (October 2021)
accountant
-
auditor
MALDE & CO
address
portland house, 69-71 wembley hill road, wembley, middlesex, HA9 8BU
Bank
-
Legal Advisor
-
arct 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 arct ocean limited. Currently there are 5 open charges and 0 have been satisfied in the past.
arct ocean limited Companies House Filings - See Documents
| date | description | view/download |
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