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Ocean Signal Limited

06627101

active
Private Limited Company
england wales
Companies House
Health Score
85 / 100

Healthy

25/30
Filing
20/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Going concern doubt noted in accounts (-10)

Details

UNIT 4, MARGATE, CT9 4NN
Incorporated 23/06/2008

Compliance

Last accounts

31/12/2024

full

Next accounts due

30/09/2026

On track

Confirmation statement

Last: 23/06/2026

Due 07/07/2027

On track

Industry

26309
26309

Officers

Mr Douglas John Grierson

director · Since 30/04/2015

NONE

AMERICAN · UNITED STATES · Age 61

Also on 3 other boards

Mr James Hewitt

director · Since 16/02/2026

BRITISH · ENGLAND · Age 50

Also on 1 other board

CompanyRankvs 39+ SIC 26309 peers
75

Financial strength94th percentile among SIC peers · 24/25
Employees97th percentile among SIC peers · 15/15
LiquidityCurrent ratio 1.67× · 16/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Going concern doubt -10
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39Ocean Signal Limited
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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.

Employees15/15 pts

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

Liquidity16/20 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

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

Going Concern Doubt

that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, management is responsible for assessing the Company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless management either intend to liquidate the Company or to cease operatio

Key FinancialsYear ending 31/12/2024

Turnover

£26.2M

Annual revenue

Net Worth

£4.2M

Balance sheet strength

Cash

£543k

Cash in the bank

Profit Before Tax

£8.7M

Bottom line earnings

Net Current Assets

£3.0M

Working capital

Current Assets

£7.6M

Current Liabilities

£4.5M

Fixed Assets

£1.2M

Debtors

£2.8M

Cost of Sales

£14.2M

Gross Profit

£12.0M

Admin Expenses

£3.2M

Operating Profit

£8.7M

Profit After Tax

£7.3M

60avg. employees

Tax at Year End

Corp tax£2.7M
Dividends paid-£9.3M

People Costs

Wages & salaries£2.7M
NI contributions£271k

Balance Sheet

Intangible assets£259k
Assets less current liabilities£4.2M
Prepared with Caseware UK (AP4) 2023.0.135

EstimatesDerived

YearCurrent RatioImplied Profit
20241.67-£1.9M
20232.09—

Derived from filed accounts. Not audited figures.