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Oceanway Care Ltd

15229702

active
Private Limited Company
Companies House
Health Score
65 / 100

Some Concerns

25/30
Filing
0/30
Financial
40/40
Risk
  • No accounts filed in last 18 months (-5)
  • Negative net worth (-10)
  • Current liabilities exceed current assets (-10)

Details

SUIT 2.11 259-269 WINCHESTER HOUSE, LONDON, NW1 5RA
Incorporated 23/10/2023

Compliance

Accounts

Up to date

Confirmation statement

Up to date

Industry

87900
Other residential care activities

Officers

Mr Khurram Shahzad Abbasi

director · Since 23/10/2023

BUSINESS EXECUTIVE

BRITISH · ENGLAND · Age 59

Also on 16 other boards

Mr Sohail Shahzad

director · Since 04/02/2026

BRITISH · ENGLAND · Age 62

Also on 3 other boards

Persons with Significant Control

Mr Khurram Abbasi

50–75% shares
50–75% votes
Appoint directors

British · United Kingdom · Age 59

40, Waverley Road, London, E17 3LQ

Notified 23/10/2023

CompanyRankvs 10748+ SIC 87900 peers
28

Financial strength16th percentile among SIC peers · 4/25
Employees0th percentile among SIC peers · 0/15
LiquidityCurrent ratio 0.86× · 6/20
Longevity3 years trading (max 15) · 3/15
Filing complianceAll filings up to date · 15/15
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10748Oceanway Care Ltd
23
How is this score calculated?
Financial strength4/25 pts

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

Employees0/15 pts

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

Liquidity6/20 pts

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

Longevity3/15 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 31/10/2024

Net Worth

-£774

Balance sheet strength

Cash

—

Cash in the bank

Net Current Assets

-£774

Working capital

Current Assets

£5k

Current Liabilities

£6k

Balance Sheet

Assets less current liabilities-£774
Signed by Mr Khurram Abbasi 31 July 2025Prepared with Acorah Software Products - Accounts Production

EstimatesDerived

YearCurrent Ratio
20240.86

Derived from filed accounts. Not audited figures.