Ocean Straits Limited
Registered name: OCEAN STRAITS LIMITED
Ocean Straits Limited made £30.3k revenue and a £4.9k loss in the year to 31 May 2024.
Ocean Straits Limited’s revenue grew 6% to £30.3k in the year to 31 May 2024, with a loss of £4.9k and 0 employees. The company is classified under “wholesale of watches and jewellery” and is based in Newark; we hold 3 years of its filed accounts.
- Status
- Active - Proposal to Strike off
- Location
- Newark, East Midlands
- Age
- 21 yrs · since 2005
- Type
- Private Limited Company
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 31 May 2022 | 31 May 2023 | 31 May 2024 |
|---|---|---|---|
| Disclosure | No P&L | Full P&L | Full P&L |
| Profit & loss | |||
| Revenue (turnover) | — | £28.7k | £30.3k |
| Profit after tax | — | −£7.4k | −£4.9k |
| Profit (best available) | — | −£7.4k | −£4.9k |
| Employees (average) | — | 0 | 0 |
| Ratios | |||
| Profit margin | — | −25.7% | −16.3% |
| Growth (year on year) | |||
| Revenue growth | — | — | ▲5.6% |
| Balance sheet — indirect signals, not revenue | |||
| Net assets | £6.2k | −£7.4k | −£4.9k |
| Fixed assets | £0 | £0 | — |
| Current assets | £62.1k | £25k | £15.2k |
| Source | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2024 | FullAccounts · bulk data Feb 2025 |
How the business works
- Profit margin
- −16.3%
- Profit ÷ revenue.
- Gross margin
- —
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- —
- Revenue ÷ average employees.
- Profit per employee
- —
- Profit ÷ average employees.
- Cash conversion
- —
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- —
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- —
- Money owed by customers. Low = customers pay quickly.
Balance-sheet signals
Year-on-year changes in filed balance-sheet items. They can hint at momentum (or investment) but are not revenue or profit and must not be read as such.
- Net assets
- —
- Now −£4.9k
- Cash at bank
- —
- Now —
- Headcount
- —
- Now 0
- Deferred income
- —
- Now —
- Fixed assets
- —
- Now —
Sources
Latest figures from FullAccounts for the year to 31 May 2024 (profit −£4.9k), from the Companies House accounts bulk data published Feb 2025. Spotted an error? Request a correction.
Contains public sector information from Companies House licensed under the Open Government Licence v3.0. Data from Companies House, © Crown copyright. View the licence.