ocean on land technology (uk) ltd
ocean on land technology (uk) ltd Company Information
Company Number
SC381789
Next Accounts
Sep 2025
Shareholders
cadman capital investments (aquaculture) limited
Group Structure
View All
Industry
Marine aquaculture
Registered Address
c/o johnston carmichael, 227 west george street, glasgow, G2 2ND
Website
www.northbayshellfish.comocean on land technology (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of OCEAN ON LAND TECHNOLOGY (UK) LTD at £21.4m based on a Turnover of £24.1m and 0.89x industry multiple (adjusted for size and gross margin).
ocean on land technology (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of OCEAN ON LAND TECHNOLOGY (UK) LTD at £1.6m based on an EBITDA of £298.8k and a 5.42x industry multiple (adjusted for size and gross margin).
ocean on land technology (uk) ltd Estimated Valuation
Pomanda estimates the enterprise value of OCEAN ON LAND TECHNOLOGY (UK) LTD at £0 based on Net Assets of £-1.4m and 2.19x industry multiple (adjusted for liquidity).
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Ocean On Land Technology (uk) Ltd Overview
Ocean On Land Technology (uk) Ltd is a live company located in glasgow, G2 2ND with a Companies House number of SC381789. It operates in the marine aquaculture sector, SIC Code 03210. Founded in July 2010, it's largest shareholder is cadman capital investments (aquaculture) limited with a 100% stake. Ocean On Land Technology (uk) Ltd is a established, large sized company, Pomanda has estimated its turnover at £24.1m with rapid growth in recent years.
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Ocean On Land Technology (uk) Ltd Health Check
Pomanda's financial health check has awarded Ocean On Land Technology (Uk) Ltd a 3 rating. We use a traffic light system to show it exceeds the industry average on 4 measures and has 5 areas for improvement. Company Health Check FAQs
4 Strong
1 Regular
5 Weak
Size
annual sales of £24.1m, make it larger than the average company (£14m)
- Ocean On Land Technology (uk) Ltd
£14m - Industry AVG
Growth
3 year (CAGR) sales growth of 126%, show it is growing at a faster rate (7.7%)
- Ocean On Land Technology (uk) Ltd
7.7% - Industry AVG
Production
with a gross margin of 14.1%, this company has a higher cost of product (23.2%)
- Ocean On Land Technology (uk) Ltd
23.2% - Industry AVG
Profitability
an operating margin of 1.2% make it less profitable than the average company (6.8%)
- Ocean On Land Technology (uk) Ltd
6.8% - Industry AVG
Employees
with 2 employees, this is below the industry average (58)
2 - Ocean On Land Technology (uk) Ltd
58 - Industry AVG
Pay Structure
on an average salary of £42.2k, the company has an equivalent pay structure (£42.2k)
- Ocean On Land Technology (uk) Ltd
£42.2k - Industry AVG
Efficiency
resulting in sales per employee of £12m, this is more efficient (£260.5k)
- Ocean On Land Technology (uk) Ltd
£260.5k - Industry AVG
Debtor Days
it gets paid by customers after 97 days, this is later than average (30 days)
- Ocean On Land Technology (uk) Ltd
30 days - Industry AVG
Creditor Days
its suppliers are paid after 103 days, this is slower than average (44 days)
- Ocean On Land Technology (uk) Ltd
44 days - Industry AVG
Stock Days
There is insufficient data available for this Key Performance Indicator!
- Ocean On Land Technology (uk) Ltd
- - Industry AVG
Cash Balance
There is insufficient data available for this Key Performance Indicator!
- - Ocean On Land Technology (uk) Ltd
- - Industry AVG
Debt Level
it has a ratio of liabilities to total assets of 121.6%, this is a higher level of debt than the average (52.4%)
121.6% - Ocean On Land Technology (uk) Ltd
52.4% - Industry AVG
OCEAN ON LAND TECHNOLOGY (UK) LTD financials
Ocean On Land Technology (Uk) Ltd's latest turnover from December 2023 is estimated at £24.1 million and the company has net assets of -£1.4 million. According to their latest financial statements, Ocean On Land Technology (Uk) Ltd has 2 employees and maintains cash reserves of 0 as reported in the balance sheet.
Data source: Companies House, Pomanda Estimates
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 | 3 | 3 | 2 | 1 | 2 | 1 | ||||||
| EBITDA* |
* Earnings Before Interest, Tax, Depreciation and Amortisation
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Tangible Assets | 12,718 | 14,054 | 15,463 | 16,635 | 17,535 | 7,389 | 217 | 271 | 338 | 208 | 260 | ||
| Intangible Assets | 2,454 | 4,554 | 6,654 | 8,579 | |||||||||
| Investments & Other | |||||||||||||
| Debtors (Due After 1 year) | 30,507 | 23,663 | 18,340 | ||||||||||
| Total Fixed Assets | 12,718 | 14,054 | 17,917 | 21,189 | 24,189 | 15,968 | 217 | 30,778 | 24,001 | 208 | 18,600 | ||
| Stock & work in progress | 32,164 | ||||||||||||
| Trade Debtors | 6,460,846 | 747,820 | 226,112 | 390,892 | 113,435 | 73,132 | 42,366 | 1,681 | 179 | 24,471 | 2,816 | 2,333 | |
| Group Debtors | 227,918 | 37,917 | |||||||||||
| Misc Debtors | 7,326 | 10,315 | 11,333 | ||||||||||
| Cash | 12,257 | 13,554 | 2,052 | 2,844 | 5,369 | 18,933 | |||||||
| misc current assets | |||||||||||||
| total current assets | 6,460,846 | 747,820 | 226,112 | 435,313 | 362,233 | 123,416 | 53,699 | 1,681 | 179 | 2,844 | 24,471 | 8,185 | 21,266 |
| total assets | 6,460,846 | 760,538 | 240,166 | 453,230 | 383,422 | 147,605 | 69,667 | 1,898 | 30,957 | 26,845 | 24,679 | 26,785 | 21,266 |
| Bank overdraft | 7,971 | 452 | |||||||||||
| Bank loan | |||||||||||||
| Trade Creditors | 5,854,159 | 956,985 | 301,350 | 1,191,319 | 42,382 | 26,417 | 9,429 | 24,777 | 13,195 | 9,198 | 6,190 | 1,473 | |
| Group/Directors Accounts | 815,282 | 425,710 | 152,678 | 327 | |||||||||
| other short term finances | |||||||||||||
| hp & lease commitments | |||||||||||||
| other current liabilities | 21,574 | 6,652 | 25,714 | ||||||||||
| total current liabilities | 5,854,159 | 956,985 | 301,350 | 1,191,319 | 879,238 | 458,779 | 195,792 | 24,777 | 13,522 | 9,198 | 6,642 | 1,473 | |
| loans | |||||||||||||
| hp & lease commitments | |||||||||||||
| Accruals and Deferred Income | |||||||||||||
| other liabilities | 2,000,530 | 1,421,471 | 1,023,228 | ||||||||||
| provisions | |||||||||||||
| total long term liabilities | 2,000,530 | 1,421,471 | 1,023,228 | ||||||||||
| total liabilities | 7,854,689 | 2,378,456 | 1,324,578 | 1,191,319 | 879,238 | 458,779 | 195,792 | 24,777 | 13,522 | 9,198 | 6,642 | 1,473 | |
| net assets | -1,393,843 | -1,617,918 | -1,084,412 | -738,089 | -495,816 | -311,174 | -126,125 | -22,879 | 17,435 | 17,647 | 18,037 | 25,312 | 21,266 |
| total shareholders funds | -1,393,843 | -1,617,918 | -1,084,412 | -738,089 | -495,816 | -311,174 | -126,125 | -22,879 | 17,435 | 17,647 | 18,037 | 25,312 | 21,266 |
| Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | |||||||||||||
| Operating Profit | |||||||||||||
| Depreciation | 6,376 | 5,470 | 4,680 | 2,765 | 1,208 | 67 | 85 | 52 | 66 | ||||
| Amortisation | 2,100 | 2,100 | 2,100 | 1,925 | 1,921 | ||||||||
| Tax | |||||||||||||
| Stock | -32,164 | 32,164 | |||||||||||
| Debtors | 5,713,026 | 521,708 | -164,780 | 42,213 | 227,315 | 67,665 | 52,018 | -29,005 | 7,023 | -808 | 3,315 | 18,823 | 2,333 |
| Creditors | 4,897,174 | 655,635 | -889,969 | 1,148,937 | 15,965 | 16,988 | -15,348 | 11,582 | 3,997 | 3,008 | 4,717 | 1,473 | |
| Accruals and Deferred Income | -21,574 | 14,922 | -19,062 | 25,714 | |||||||||
| Deferred Taxes & Provisions | |||||||||||||
| Cash flow from operations | |||||||||||||
| Investing Activities | |||||||||||||
| capital expenditure | |||||||||||||
| Change in Investments | |||||||||||||
| cash flow from investments | |||||||||||||
| Financing Activities | |||||||||||||
| Bank loans | |||||||||||||
| Group/Directors Accounts | -815,282 | 389,572 | 273,032 | 152,678 | -327 | 327 | |||||||
| Other Short Term Loans | |||||||||||||
| Long term loans | |||||||||||||
| Hire Purchase and Lease Commitments | |||||||||||||
| other long term liabilities | 579,059 | 398,243 | 1,023,228 | ||||||||||
| share issue | |||||||||||||
| interest | |||||||||||||
| cash flow from financing | |||||||||||||
| cash and cash equivalents | |||||||||||||
| cash | -12,257 | -1,297 | 11,502 | 2,052 | -2,844 | 2,844 | -5,369 | -13,564 | 18,933 | ||||
| overdraft | -7,971 | 7,971 | -452 | 452 | |||||||||
| change in cash | -12,257 | -1,297 | 11,502 | 10,023 | -7,971 | -2,844 | 3,296 | -5,821 | -13,564 | 18,933 |
ocean on land technology (uk) ltd Credit Report and Business Information
Ocean On Land Technology (uk) Ltd Competitor Analysis
Perform a competitor analysis for ocean on land technology (uk) ltd by selecting its closest rivals, whether from the AGRICULTURE, FORESTRY AND FISHING sector, other large companies, companies in G 2 area or any other competitors across 12 key performance metrics.
ocean on land technology (uk) ltd Ownership
OCEAN ON LAND TECHNOLOGY (UK) LTD group structure
Ocean On Land Technology (Uk) Ltd has no subsidiary companies.
Ultimate parent company
OCEAN ON LAND TECHNOLOGY (UK) LTD
SC381789
ocean on land technology (uk) ltd directors
Ocean On Land Technology (Uk) Ltd currently has 3 directors. The longest serving directors include Mr John Percival (Sep 2021) and Mr James Dinsdale (Sep 2023).
| officer | country | age | start | end | role |
|---|---|---|---|---|---|
| Mr John Percival | England | 58 years | Sep 2021 | - | Director |
| Mr James Dinsdale | England | 59 years | Sep 2023 | - | Director |
| Mr Nikolas Sachlikidis | Scotland | 44 years | Sep 2023 | - | Director |
P&L
December 2023turnover
24.1m
+616%
operating profit
298.8k
0%
gross margin
14.1%
-0.56%
turnover
Turnover, or revenue, is the amount of sales generated by a company within the financial year.
Balance Sheet
December 2023net assets
-1.4m
-0.14%
total assets
6.5m
+7.5%
cash
0
0%
net assets
Total assets minus all liabilities
ocean on land technology (uk) ltd company details
company number
SC381789
Type
Private limited with Share Capital
industry
03210 - Marine aquaculture
incorporation date
July 2010
age
15
incorporated
UK
ultimate parent company
accounts
Micro-Entity Accounts
last accounts submitted
December 2023
previous names
shellfish hatchery systems ltd (January 2020)
shellfish hatchery services ltd (July 2010)
accountant
-
auditor
-
address
c/o johnston carmichael, 227 west george street, glasgow, G2 2ND
Bank
-
Legal Advisor
-
ocean on land technology (uk) 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 on land technology (uk) ltd.
ocean on land technology (uk) ltd 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 ON LAND TECHNOLOGY (UK) LTD. This can take several minutes, an email will notify you when this has completed.
ocean on land technology (uk) ltd Companies House Filings - See Documents
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