Ocean Holdings South West Ltd
11504396
Some Concerns
- No accounts filed in last 18 months (-5)
- Current liabilities exceed current assets (-10)
- Going concern doubt noted in accounts (-10)
- 1 outstanding charge (-2)
Details
Compliance
Last accounts
30/11/2024
group
Next accounts due
31/08/2026
Confirmation statement
Last: 08/02/2026
Due 22/02/2027
Industry
Officers
director · Since 07/08/2018
DIRECTOR
BRITISH · ENGLAND · Age 83
Also on 1 other board
Persons with Significant Control
Mr Edward James Lakeman
British · England · Age 54
Early Tide, The Boat Yard, St. Austell, PL26 6PN
Notified 07/08/2018
Former PSCs
Mr John Andrew Lakeman
Ceased 09/04/2025
Charges1 outstanding
HSBC UK BANK PLC
HSBC UK BANK PLC
CompanyRankvs 199+ SIC 03110 peers49
Show leaderboard
How is this score calculated?
Net worth compared to all companies in the same SIC code with published accounts. Top quartile earns the full 25 points.
Workforce size relative to sector peers from the most recent accounts. A larger team generally signals commercial scale.
Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.
One point per year of operation since incorporation, capped at 15. Older companies have a proven track record.
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
not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the group and parent 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
Key FinancialsYear ending 30/11/2024
Turnover
£58.3M
Annual revenue
Net Worth
£26.1M
Balance sheet strength
Cash
£1.4M
Cash in the bank
Profit Before Tax
£378k
Bottom line earnings
Net Current Assets
-£2k
Working capital
Current Assets
£12.7M
Current Liabilities
£12.7M
Fixed Assets
£36.8M
Debtors
£9.1M
Cost of Sales
£43.0M
Gross Profit
£15.3M
Admin Expenses
£13.7M
Operating Profit
£1.3M
Profit After Tax
£226k
People Costs
Balance Sheet
EstimatesDerived
| Year | Current Ratio |
|---|---|
| 2024 | 1.00 |
Derived from filed accounts. Not audited figures.