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Ocean Palace (Lancashire) Ltd

04541747

active
Private Limited Company
Companies House
Health Score
75 / 100

Some Concerns

25/30
Filing
10/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Current liabilities exceed current assets (-10)

Details

45 TALBOT ROAD, BLACKPOOL, FY1 1LL
Incorporated 23/09/2002

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants

Officers

Mrs Kit Sheung Yeung

secretary · Since 23/09/2002

BRITISH · ENGLAND · Age 50

Also on 3 other boards

Mr Kai Kang Yeung

director · Since 23/09/2002

RESTAURANTEUR

BRITISH · ENGLAND · Age 57

Mrs Kit Sheung Yeung

director · Since 01/02/2009

RESTAURANTEUR

BRITISH · ENGLAND · Age 50

Also on 3 other boards

Persons with Significant Control

Mrs Kit Sheung Yeung

25–50% shares

British · England · Age 50

45 Talbot Road, Blackpool, FY1 1LL

Notified 06/04/2016

Mr Kai Kang Yeung

25–50% shares

British · England · Age 57

45 Talbot Road, Blackpool, FY1 1LL

Notified 06/04/2016

CompanyRankvs 7667+ SIC 56101 peers
63

Financial strength65th percentile among SIC peers · 16/25
Employees76th percentile among SIC peers · 11/15
LiquidityCurrent ratio 0.5× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
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7667Ocean Palace (Lancashire) Ltd
59
How is this score calculated?
Financial strength16/25 pts

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

Employees11/15 pts

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

Liquidity6/20 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.

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

Key FinancialsYear ending 31/10/2024

Net Worth

£13k

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£105k

Working capital

Current Assets

£112k

Current Liabilities

£222k

Fixed Assets

£131k

12avg. employees

Balance Sheet

Assets less current liabilities£26k

EstimatesDerived

YearCurrent RatioImplied Profit
20240.50-£11k
20230.73-£72k
20221.36+£39k
20210.74—

Derived from filed accounts. Not audited figures.