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Ocean Island Ltd

06723822

active
Private Limited Company
Companies House
Health Score
81 / 100

Healthy

25/30
Filing
20/30
Financial
36/40
Risk
  • No accounts filed in last 18 months (-5)
  • 2 outstanding charges (-4)

Details

UNIT B9, 1ST FLOOR WOODGREEN SHOPPING CENTRE, LONDON, N22 6YQ
Incorporated 14/10/2008

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

47710
Retail sale of clothing in specialised stores

Officers

Mr Farhaan Ahmed Udat

director · Since 14/10/2008

CLOTHING RETAILER

BRITISH · ENGLAND · Age 37

Persons with Significant Control

Mr Farhaan Ahmed Udat

75–100% shares

British · England · Age 37

Unit B9, 1st Floor, Woodgreen Shopping Centre, London, N22 6YQ

Notified 06/04/2016

Charges2 outstanding

charge
outstanding

WOOD GREEN ONE LIMITED AND WOOD GREEN TWO LIMITED

Created 19/03/2010Registered 23/03/2010
charge
outstanding

WOOD GREEN ONE LIMITED AND WOOD GREEN TWO LIMITED

Created 05/11/2008Registered 08/11/2008

CompanyRankvs 1545+ SIC 47710 peers
66

Financial strength80th percentile among SIC peers · 20/25
Employees94th percentile among SIC peers · 14/15
LiquidityCurrent ratio 1.06× · 12/20
Longevity15 years trading (max 15) · 15/15
Filing complianceAll filings up to date · 15/15
Outstanding charges -10
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How is this score calculated?
Financial strength20/25 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.

Liquidity12/20 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 31/10/2024

Net Worth

£19k

Balance sheet strength

Cash

£15k

Cash in the bank

Net Current Assets

£23k

Working capital

Current Assets

£386k

Current Liabilities

£363k

Fixed Assets

£2k

Debtors

£96k

8avg. employees-3

Tax at Year End(2021)

Corp tax£6k

Balance Sheet

Assets less current liabilities£25k
Prepared with BTCSoftware AP Solution 2025 12.1.03

EstimatesDerived

YearCurrent RatioImplied Profit
20241.06-£16k
20231.12-£5k
20221.13+£5k
20211.17+£98
20201.33+£14k
20190.96+£286
20180.90

Derived from filed accounts. Not audited figures.