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Square Ocean Ltd

12447434

active
Private Limited Company
Companies House
Health Score
70 / 100

Some Concerns

30/30
Filing
0/30
Financial
40/40
Risk
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

156A BURNT OAK BROADWAY, EDGWARE, HA8 0AX
Incorporated 06/02/2020

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

56102
Unlicensed restaurants and cafes
56103
Take-away food shops and mobile food stands

Officers

Mr Marino Andreas Michaelas

director · Since 06/02/2020

DIRECTOR

BRITISH · ENGLAND · Age 51

Also on 3 other boards

Persons with Significant Control

Mrs Elizabeth Trenham Michaelas

25–50% shares
25–50% votes

British · United Kingdom · Age 43

156a, Burnt Oak Broadway, Edgware, HA8 0AX

Notified 06/02/2020

Mr Marino Andreas Michaelas

50–75% shares
50–75% votes

British · England · Age 51

156a, Burnt Oak Broadway, Edgware, HA8 0AX

Notified 06/02/2020

CompanyRankvs 5693+ SIC 56102 peers
59

Financial strength21th percentile among SIC peers · 5/25
Employees88th percentile among SIC peers · 13/15
LiquidityCurrent ratio 4.61× · 20/20
Longevity6 years trading (max 15) · 6/15
Filing complianceAll filings up to date · 15/15
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5693Square Ocean Ltd
59
How is this score calculated?
Financial strength5/25 pts

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

Employees13/15 pts

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

Liquidity20/20 pts

Current assets ÷ current liabilities. A ratio above 2× earns full marks; between 1–2× scores partially; below 0.5× scores minimal points.

Longevity6/15 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.

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

Key FinancialsYear ending 28/02/2025

Net Worth

-£11k

Balance sheet strength

Cash

£12k

Cash in the bank

Net Current Assets

£146k

Working capital

Current Assets

£187k

Current Liabilities

£41k

Fixed Assets

£98k

Debtors

£169k

11avg. employees

Tax at Year End

Corp tax£542
VAT£20k

Director Loans(2024)

Company owes directors£927

Balance Sheet

Intangible assets£60k
Assets less current liabilities£245k
Signed by Mr Marino Michaelas 4 July 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent RatioImplied ProfitEst. Revenue
20254.61+£15k£403k
20241.45+£2k£382k
20231.52+£10k£182k
20221.03-£11k£82k
20210.94—£20k

Derived from filed accounts. Not audited figures.