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Ocean Palace Restaurant Ltd

04690195

active
Private Limited Company
Companies House
Health Score
74 / 100

Some Concerns

30/30
Filing
10/30
Financial
34/40
Risk
  • Current liabilities exceed current assets (-10)
  • 3 outstanding charges (-6)

Details

98 BOLTON ROAD, DARWEN, BB3 2TT
Incorporated 07/03/2003

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56101
Licensed restaurants

Officers

Mrs Mei Chun Tsang

secretary · Since 07/03/2003

RESTAURANTEUR

BRITISH · Age 68

Also on 1 other board

Mr Sing Siu Chan

director · Since 07/03/2003

RESTAURANTEUR

BRITISH · ENGLAND · Age 63

Also on 4 other boards

Mrs Mei Chun Tsang

director · Since 26/07/2010

RESTAURANT

BRITISH · ENGLAND · Age 68

Also on 1 other board

Ms Gigi Slater

director · Since 25/01/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 52

Also on 1 other board

Mr Graham Kim Lam Tsang

director · Since 25/01/2019

COMPANY DIRECTOR

BRITISH · ENGLAND · Age 45

Also on 1 other board

Persons with Significant Control

Mr Graham Kim Lam Tsang

25–50% shares

British · England · Age 45

98 Bolton Road, Darwen, BB3 2TT

Notified 05/05/2022

Former PSCs

Mr Sing Siu Chan

Ceased 05/05/2022

Mrs Mei Chun Tsang

Ceased 05/05/2022

Charges3 outstanding

Charge
outstanding

BARCLAYS BANK PLC

Created 04/09/2015Registered 24/09/2015
Charge
outstanding

BARCLAYS BANK PLC

Created 04/09/2015Registered 24/09/2015
Charge
outstanding

BARCLAYS BANK PLC

Created 31/03/2015Registered 02/04/2015

CompanyRankvs 4841+ SIC 56101 peers
60

Financial strength86th percentile among SIC peers · 22/25
Employees82th percentile among SIC peers · 12/15
LiquidityCurrent ratio 0.99× · 6/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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4841Ocean Palace Restaurant Ltd
66
How is this score calculated?
Financial strength22/25 pts

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

Employees12/15 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.

Risk deductions

Outstanding charges: -10 pts

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

Key FinancialsYear ending 31/03/2025

Net Worth

£93k

Balance sheet strength

Cash

£97k

Cash in the bank

Net Current Assets

-£741

Working capital

Current Assets

£106k

Current Liabilities

£107k

Fixed Assets

£296k

15avg. employees

Tax at Year End(2019)

Corp tax£11k

Balance Sheet

Assets less current liabilities£295k
Prepared with IRIS Accounts Production

EstimatesDerived

YearCurrent RatioImplied Profit
20250.99+£28k
20240.77+£9k
20230.79-£2k
20220.92+£36k
20210.78—
20200.37—
20190.30—

Derived from filed accounts. Not audited figures.