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Oceania Trading Limited

04279887

active
Private Limited Company
Companies House
Health Score
76 / 100

Some Concerns

30/30
Filing
10/30
Financial
36/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

1B YUKON ROAD, LONDON, SW12 9PZ
Incorporated 31/08/2001

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

46520
Wholesale of electronic and telecommunications equipment and parts

Officers

Mr Paul Richard Maclennan

director · Since 31/08/2001

SALES DIRECTOR

BRITISH · ENGLAND · Age 61

Also on 12 other boards

Beverley Gibson

secretary · Since 03/04/2006

BRITISH

Also on 3 other boards

Persons with Significant Control

Mac Global Limited

75–100% shares
75–100% votes

2, Duchess Court, London, SW12 9PS

Reg: 03454337 · England & Wales · Limited Company

Notified 06/04/2016

Charges2 outstanding

Charge
outstanding

HITACHI CAPITAL (UK) PLC

Created 14/06/2021Registered 15/06/2021
charge
satisfied

HSBC BANK PLC

Created 10/04/2012Registered 14/04/2012Satisfied 13/09/2022
charge
satisfied

HSBC BANK PLC

Created 17/06/2011Registered 23/06/2011Satisfied 13/09/2022
charge
satisfied

HSBC BANK PLC

Created 17/06/2011Registered 23/06/2011Satisfied 13/09/2022
charge
satisfied

HSBC INVOICE FINANCE (UK) LTD ("THE SECURITY HOLDER")

Created 14/06/2011Registered 16/06/2011Satisfied 13/09/2022
charge
satisfied

HSBC BANK PLC

Created 02/06/2011Registered 07/06/2011Satisfied 13/09/2022
charge
outstanding

HSBC BANK PLC

Created 13/05/2011Registered 18/05/2011
charge
satisfied

BARCLAYS BANK PLC

Created 15/04/2011Registered 15/04/2011Satisfied 02/09/2011
charge
satisfied

BARCLAYS BANK PLC

Created 15/01/2002Registered 22/01/2002Satisfied 02/09/2011
charge
satisfied

BARCLAYS BANK PLC

Created 15/01/2002Registered 22/01/2002Satisfied 02/09/2011

CompanyRankvs 79+ SIC 46520 peers
68

Financial strength95th percentile among SIC peers · 24/25
Employees90th percentile among SIC peers · 14/15
LiquidityCurrent ratio 2.2× · 20/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10Outstanding charges -10
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79Oceania Trading Limited
88
How is this score calculated?
Financial strength24/25 pts

Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.

Employees14/15 pts

Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity15/15 pts

One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.

Filing compliance15/15 pts

Full 15 points when both annual accounts and confirmation statement are filed on time. Points are deducted for each overdue filing.

Risk deductions

Going concern doubt: -10 pts

Outstanding charges: -10 pts

Maximum score is 100. Deductions apply for insolvency history, outstanding charges, going concern doubt, or disqualified officers.

Going Concern Doubt

and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. 2.2. Going Concern Disclosure The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going

Key FinancialsYear ending 31/12/2024

Net Worth

£1.7M

Balance sheet strength

Cash

£222k

Cash in the bank

Net Current Assets

£1.8M

Working capital

Current Assets

£3.3M

Current Liabilities

£1.5M

Fixed Assets

£13k

Debtors

£2.2M

8avg. employees

Tax at Year End

Corp tax£81k
VAT£77k

Director Loans(2020)

Directors owe company£4k

Balance Sheet

Assets less current liabilities£1.8M
Signed by Mr P MacLennan 18/06/2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20242.20-£135k£1.5M
20232.40-£70k£1.7M
20222.16+£298k£694k
20211.52+£302k—
20201.59+£141k—
20191.08+£23k—
20181.12——

Derived from filed accounts. Not audited figures.