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Company No. 07998843 · Incorporated 20 Mar 2012

Oblue Limited

Registered name: OBLUE LIMITED

Part of Springfield Shipping Limited group

Oblue Limited made £2.1m revenue and £479k profit in the year to 31 Dec 2023.

Oblue Limited’s revenue fell 67% to £2.1m in the year to 31 Dec 2023, with £479k profit and 0 employees. The company is classified under “sea and coastal freight water transport” and is based in Wembley; we hold 2 years of its filed accounts.

Full P&L filedSection H · Transportation and storageSIC 50200Sea and coastal freight water transport
Status
Active
Location
Wembley, London
Age
14 yrs · since 2012
Type
Private Limited Company

Pass-through vehicle. This looks like a holding, staffing or umbrella company. Its revenue and profit may largely pass through to or from other entities, so the figures may not reflect a standalone operating business. It is excluded from our opportunity lists.

Part of a group. The filing indicates this company sits within a group structure, so its results may depend on intra-group trading and it may be hard to replicate independently. From the filing: “The Company is a wholly owned subsidiary of Union Maritime Limited (UML), whose registered office is at Portland House, 69-71 Wembley Hill Road, Middlesex, England, HA9 8BU. UML is jointly owned by So”

Latest accounts · year to 31 Dec 2023

Key figures

Small teamCapital-light
Revenue
£2.1m
Growth ▼67%
Profit
£479k
Growth ▼77.5%
Profit margin
22.4%
Gross 70.4%
Employees
0
Change —
Profit / employee
—
 
Profitable streak
2yrs
Consecutive profitable years in our data

Badges are automated estimates derived from the filed figures — not statements of fact about the company.

2 filed years

Financial history

Multi-year financials, oldest to newest
Year to31 Dec 202231 Dec 2023
DisclosureFull P&LFull P&L
Profit & loss
Revenue (turnover)£6.5m£2.1m
Cost of sales£1.6m£634k
Gross profit£4.9m£1.5m
Operating profit£2.1m£238k
Profit before tax£2.1m£479k
Profit after tax£2.1m£479k
Profit (best available)£2.1m£479k
Employees (average)00
Ratios
Profit margin32.9%22.4%
Gross margin75.6%70.4%
Growth (year on year)
Revenue growth—▼67%
Profit growth—▼77.5%
Balance sheet — indirect signals, not revenue
Cash at bank£7.3k£13.9k
Net assets£8.9m£2.7m
Fixed assets£5.8m£0
Current assets£3.8m£2.7m
Debtors£553k£209k
Deferred income£192k£11k
SourceFullAccounts · bulk data Sep 2024FullAccounts · bulk data Sep 2024
Derived from the latest filing

How the business works

Profit margin
22.4%
Profit ÷ revenue.
Gross margin
70.4%
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
0%
Capital intensity. Low = capital-light, cheaper to start.
Deferred income ÷ revenue
0.5%
Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
Debtors ÷ revenue
9.8%
Money owed by customers. Low = customers pay quickly.
Indirect — not revenue

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
▼70%
Now £2.7m
Cash at bank
▲89%
Now £13.9k
Headcount
—
Now 0
Deferred income
▼94%
Now £11k
Fixed assets
▼100%
Now £0

Deferred income is reported together with accruals in this filing (“accruals and deferred income”), so it is an approximate signal only.

Corporate ownership

Group structure

Ownership chain

  1. Springfield Shipping Limitedultimate parent50–75%
  2. Union Maritime Limited75–100%
  3. Oblue Limitedthis company

Bands show the share of ownership each company holds in the one below it.

Sister companies (109)

From the Persons with Significant Control register (corporate controllers only).

Same industry, similar size

Similar profitable businesses

Industry benchmarks →

Sources

Companies House profile Filing history & original accounts

Latest figures from FullAccounts for the year to 31 Dec 2023 (profit £479k), from the Companies House accounts bulk data published Sep 2024. 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.