Ocean Holdings South West Ltd
Registered name: OCEAN HOLDINGS SOUTH WEST LTD
Ocean Holdings South West Ltd made £58.3m revenue and £910k profit in the year to 30 Nov 2024.
Ocean Holdings South West Ltd’s revenue grew 12% to £58.3m in the year to 30 Nov 2024, with £910k profit and 219 employees. The company is classified under “marine fishing” and is based in ST. Austell; we hold 2 years of its filed accounts.
- Status
- Active
- Location
- ST. Austell, South West
- Age
- 8 yrs · since 2018
- 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.
Key figures
Badges are automated estimates derived from the filed figures — not statements of fact about the company.
Financial history
| Year to | 30 Nov 2023 | 30 Nov 2024 |
|---|---|---|
| Disclosure | Full P&L | Full P&L |
| Profit & loss | ||
| Revenue (turnover) | £52.1m | £58.3m |
| Cost of sales | £39m | £43m |
| Gross profit | £13.1m | £15.3m |
| Operating profit | £1.1m | £1.3m |
| Profit before tax | £261k | £378k |
| Profit after tax | £3.2m | £910k |
| Profit (best available) | £3.2m | £910k |
| Staff costs | £6.1m | £7m |
| Employees (average) | 191 | 219 |
| Ratios | ||
| Profit margin | 6.2% | 1.6% |
| Gross margin | 25.1% | 26.2% |
| Revenue per employee | £273k | £266k |
| Profit per employee | £17k | £4.2k |
| Cash conversion | 165% | 189.4% |
| Growth (year on year) | ||
| Revenue growth | — | ▲11.9% |
| Profit growth | — | ▼71.9% |
| Headcount growth | — | ▲14.7% |
| Balance sheet — indirect signals, not revenue | ||
| Cash at bank | £1.5m | £1.2m |
| Net assets | £3.6m | £4.5m |
| Fixed assets | £2.1m | £3.3m |
| Current assets | £1.7m | £1.7m |
| Debtors | £847 | £6m |
| Cash from operations | £1.8m | £2.5m |
| Source | FullAccounts · bulk data Aug 2025 | FullAccounts · bulk data Aug 2025 |
How the business works
- Profit margin
- 1.6%
- Profit ÷ revenue.
- Gross margin
- 26.2%
- Gross profit ÷ revenue. High for software and services.
- Revenue per employee
- £266k
- Revenue ÷ average employees.
- Profit per employee
- £4.2k
- Profit ÷ average employees.
- Cash conversion
- 189.4%
- Cash generated from operations ÷ operating profit. Needs a cash-flow statement.
- Fixed assets ÷ revenue
- 5.6%
- Capital intensity. Low = capital-light, cheaper to start.
- Deferred income ÷ revenue
- —
- Customers paying upfront (subscriptions, deposits). Approximate when combined with accruals.
- Debtors ÷ revenue
- 10.2%
- 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
- ▲26%
- Now £4.5m
- Cash at bank
- ▼21%
- Now £1.2m
- Headcount
- ▲15%
- Now 219
- Deferred income
- —
- Now —
- Fixed assets
- ▲54%
- Now £3.3m
Group structure
Subsidiaries (3)
- Ocean Shore (SW) LtdFigures not disclosed
- Quest Fishing LimitedFigures not disclosed
- The Hair Loft (SW) LimitedFigures not disclosed
From the Persons with Significant Control register (corporate controllers only).
Similar profitable businesses
Sources
Latest figures from FullAccounts for the year to 30 Nov 2024 (profit £910k), from the Companies House accounts bulk data published Aug 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.