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Oceanic Seafoods Limited

06996833

active
Private Limited Company
england wales
Companies House
Health Score
86 / 100

Healthy

30/30
Filing
20/30
Financial
36/40
Risk
  • Going concern doubt noted in accounts (-10)
  • 2 outstanding charges (-4)

Details

BUILDING 1, FIRST FLOOR 6 MANNIN WAY, LANCASTER, LA1 3SW
Incorporated 20/08/2009

Compliance

Last accounts

31/05/2025

full

Next accounts due

28/02/2027

On track

Confirmation statement

Last: 17/10/2025

Due 31/10/2026

On track

Industry

10200
Processing and preserving of fish, crustaceans and molluscs
46380
Wholesale of other food, including fish, crustaceans and molluscs
46900
Non-specialised wholesale trade

Officers

Mr James Michael Alan Welsh

director · Since 20/06/2011

NONE

BRITISH · ENGLAND · Age 50

Also on 1 other board

Mr James Michael Alan Welsh

secretary · Since 20/08/2012

Also on 1 other board

Mrs Beverley Renwick

director · Since 10/01/2022

FINANCE DIRECTOR

BRITISH · UNITED KINGDOM · Age 61

Persons with Significant Control

Mr James Michael Alan Welsh

75–100% shares

British · England · Age 50

Building 1, First Floor, 6 Mannin Way, Lancaster, LA1 3SW

Notified 06/04/2016

Former PSCs

Three Oceans Fish Company Ltd

Ceased 27/05/2021

Charges2 outstanding

Charge
outstanding

HSBC BANK PLC

Created 15/03/2018Registered 16/03/2018
Charge
outstanding

HSBC BANK PLC

Created 15/03/2018Registered 16/03/2018
charge
satisfied

SVENSKA HANDELSBANKEN AB (PUBL)

Created 24/01/2013Registered 25/01/2013Satisfied 18/04/2018

CompanyRankvs 42+ SIC 10200 peers
54

Financial strength85th percentile among SIC peers · 21/25
Employees70th percentile among SIC peers · 11/15
LiquidityCurrent ratio 1.21× · 12/20
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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How is this score calculated?
Financial strength21/25 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.

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

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

we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the original financial statements were authorised for issue. Our responsibilities and the responsibilities of the directors with respect t

Key FinancialsYear ending 31/05/2025

Turnover

£41.1M

Annual revenue

Net Worth

£1.4M

Balance sheet strength

Cash

£514k

Cash in the bank

Profit Before Tax

£412k

Bottom line earnings

Net Current Assets

£1.1M

Working capital

Current Assets

£6.4M

Current Liabilities

£5.3M

Fixed Assets

£384k

Debtors

£4.9M

Cost of Sales

£38.8M

Gross Profit

£2.3M

Admin Expenses

£1.7M

Profit After Tax

£303k

8avg. employees

Tax at Year End

Dividends paid-£195k

People Costs

Wages & salaries£828k
NI contributions£100k

Balance Sheet

Bank loans & overdrafts£1.8M
Assets less current liabilities£1.5M
Prepared with Digita Accounts Production Advanced

EstimatesDerived

YearCurrent RatioImplied Profit
20251.21+£0
20251.21+£108k
20241.46+£227k
20231.11

Derived from filed accounts. Not audited figures.